‎Tourism investments ‘unaffected’ by inflation, high prices: Official

‎Tourism investments ‘unaffected’ by inflation, high prices: Official

Investments in the Saudi tourism sector will remain intact amid inflation pressures and high prices in the wake of the Russia-Ukraine war and COVID-19 pandemic, Al-Madina newspaper reported, citing Mahmoud Abdulhadi, Deputy Minister, Investment Attraction at Ministry of Tourism.

The ministry seeks to attract more investments to different areas in the light of the extensive attention and incentive packages.

Abdulhadi highlighted the significance of investments diversification to lure private sector companies and foreign firms, indicating that the ministry targets to develop the promising destinations.

“We are coordinating with leaderships across the Kingdom to pinpoint the strength areas for their optimum use in the tourism investment,” he noted.