Saudi tourism revenue will be second after oil

Saudi tourism revenue will be second after oil

Recently, I was watching an interview with Saudi Tourism Minister Ahmed Al-Khatib and his remarks about the income generated from local tourism being second after oil revenue by 2030 caught my attention. This is really music to my ears.With seasoned experience as a leading investment banker prior to joining the government, I find the statement of Al-Khatib carries a lot of credibility and weight.For many economies around the world, tourism is a key driver for revenue, especially in countries where the tourism infrastructure has been well set up and prepared for years to suit and accommodate millions of tourists. In some leading economies, revenues generated from tourism make up the highest percentage of their gross domestic products (GDP).The success of the tourism industry is often driven by the strength and