Friday, 22 Nov 2019

Tourism sector contribution in Saudi economy exceeds SR 193 billion for year 2017

Riyadh, The travel and tourism sector in the Kingdom of Saudi Arabia has grown at a much faster rate than the wider economy, according to the Tourism Information and Research Center (MAS) report of the Saudi Commission for Tourism and National Heritage.

The statistical report showed a remarkable development in the tourism sector in recent years, following the success of the efforts of the Saudi Commission for Tourism and National Heritage in establishing the structure and organization of the sector and approving its regulations.

The report pointed to the significant increase in the contribution of national tourism to Gross Domestic Product (GDP) as one of the most non-oil economic sectors. Tourism revenues increased from SR 57.3 billion in 2004, to reach more than SR193 billion in 2017, with expectations of exceeding SR 211 billion by the end of the current year 2018.

Source: Saudi Press Agency

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