Riyadh
[
Saudi Arabia
], April 4 (ANI/WAM):
Saudi Arabia
‘s
tourism sector
reached a record surplus of SAR 49.8 billion in the 2024 travel sector, marking a 7.8% rise from 2023, as stated in a press release from the Tourism Ministry.
The announcement relayed via the Saudi Press Agency (SPA) stated that this growth was driven by a 13.8% rise in expenditure by incoming visitors, which amounted to approximately SAR 153.6 billion in 2024. This estimate is derived from initial balance of payments figures provided by the Saudi Central Bank for the same year.
The ministry credited the notable increase in the 2024 travel account surplus to coordinated initiatives across the Saudi tourism sector, designed to bolster the industry and boost its impact on the nation’s economy. The statement highlighted that this achievement underscores the successful execution of top-tier practices in tourism advancement, improved service offerings, and robust governmental partnerships—efforts aligned with achieving the objectives outlined in Saudi Vision 2030. (ANI/WAM)
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).