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Tourism accounts for 3.2 per cent of Saudi GDP with total value of SAR 59.5 billion


 

The tourism industry has accounted for 3.2 per cent of the Kingdom of Saudi Arabia’s total GDP in 2011, as well as 7.1 per cent of non-oil GDP and 11.8 per cent of private sector GDP, according to recent figures released by the Saudi Tourism Information and Research Center (MAS). The total value of the tourism industry in 2011 was estimated to reach SAR 59.5 billion, increasing by 6.8 per cent from SAR 55.7 billion in 2010, and is forecast to further increase in 2012 driven mainly by an expected 5.3 per cent increase in inbound tourists reaching 18.42 million this year.  

To support the sustained growth of the tourism sector, Saudi Arabia is expected to channel more investments for qualitative improvements and to further diversify the range of tourism products and services. Hospitality investments are particularly gaining momentum, especially in the key cities of Makkah and Madina. Investment companies such as Abdul Latif Jameel Real Estate Investment Co. (ALJREIC) are taking the lead in infusing fresh investments into the tourism industry, particularly in the hospitality sector to cater to the expanding needs of citizens, visitors and pilgrims. One of the key development initiatives being undertaken by ALJREIC is the Jabal Al Kaaba project, which is expected to add more than 8,000 hotel rooms to the market over the next few years under the “Anjum Hotels” brand.  

Yousef Abdul Latif Jameel, Chairman of Abdul Latif Jameel Real Estate Investment Co., said: “We are enthusiastic about the robust growth outlook of the tourism industry in Saudi Arabia, which registered a 6.8 per cent increase to reach a value of SAR 59.5 billion in 2011. With the number of tourists in KSA rising each year, particularly during the pilgrimage seasons, the tourism industry is certainly on track to further increase its contribution to the national GDP. Abdul Latif Jameel Real Estate Investment Co. has taken the lead to support the tourism boom in KSA through strategic development initiatives that include the SAR 10 billion Jabal Al Kaaba project. We are confident that our tourism investments will contribute towards enhancing the quality of hospitality and tourism amenities in KSA, in line with the directives of the Saudi Commission for Tourism and Antiquities (SCTA) and H.R.H. King Abdullah, the Custodian of the Two Holy Mosques.” 

“The launch of the ‘Anjum Hotels’ hospitality brand is in line with our aim to create a distinctly Saudi-flavored, spiritually-uplifting hotel experience unlike any other. The flagship hotel of the brand, ‘Anjum Hotel’ will open in early 2013, providing all the amenities needed by Hajj and Ummrah visitors, especially given its close proximity to the Holy Haram,” concluded Jameel.  

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SAR 80 billion projects in Makkah creating new opportunities in Kingdom’s hospitality sector
SAR 80 billion projects in Makkah creating new opportunities in Kingdom’s hospitality sector

24,480 new hotel rooms to be ready in Makkah in next few years; construction of 1,743-room Anjum Hotel in Makkah progressing as per schedule (21/10/2012)
SAUDI INBOUND AND OUTBOUND TOURISM CONTINUES TO SURGE
SAUDI INBOUND AND OUTBOUND TOURISM CONTINUES TO SURGE

Hyatt Hotels Expands Presence in Kingdom with Seven Hotels under Development (10/10/2012)
Best Western opens first hotel in Saudi capital
Best Western opens first hotel in Saudi capital

www.hotelcircleasia.com. Best Western International has launched its first hotel, the 86-room Best Western Orchid Hotel, in Riyadh, the capital of the Kingdom of Saudi Arabia. (06/08/2012)
Tourism accounts for 3.2 per cent of Saudi GDP with total value of SAR 59.5 billion
Tourism accounts for 3.2 per cent of Saudi GDP with total value of SAR 59.5 billion

Yousef Abdul Latif Jameel: “We are enthusiastic about the robust growth outlook of KSA’s tourism industry, which registered an increase of 6.8 per cent” (03/08/2012)
Elaf Group’s opening of two new hotels in Al Madina Al Munawara
Elaf Group’s opening of two new hotels in Al Madina Al Munawara

KSA government’s continuing efforts towards strengthening tourism industry is commendable, says Elaf’s Bin Mafouz (07/07/2012)
Limah Implements Wayfinding Process in MADINAH Al Monawara
Limah Implements Wayfinding Process in MADINAH Al Monawara

Residents and tourists in the Holy City of Madinah will soon be able to find their way around the ancient city with ease, thanks to a Wayfinding master plan developed by Limah Design Consultants. (21/06/2012)
Rosewood Corniche hosts children's art exhibition to raise awarness of Autism
Rosewood Corniche hosts children's art exhibition to raise awarness of Autism

Event marks new partnership with Jeddah Autism Centre (31/05/2012)
WOMEN PAMPERED AT ROSEWOOD CORNICHE
WOMEN PAMPERED AT ROSEWOOD CORNICHE

Luxurious Jeddah hotel launches ‘Ladies Night’ for female guests (16/05/2012)
Hyatt Updates Plans for Saudi Arabia at ATM Dubai
Hyatt Updates Plans for Saudi Arabia at ATM Dubai

Leading Global Hotelier Uses New Worldwide Sales Office in Kingdom as Platform to Reach Burgeoning Premium Travel Class in Its Largest Market (30/04/2012)
Mövenpick Beach Resort Al Khobar wins Best Specialized Resort Award
Mövenpick Beach Resort Al Khobar wins Best Specialized Resort Award

Mövenpick Beach Resort Al Khobar has been recognized as the ‘Best Specialized Resort’ 2011 in the Kingdom of Saudi Arabia, at the Saudi Excellence in Tourism Awards. (22/04/2012)
Hyatt Updates Plans for Saudi Arabia and Malaysia at ATM Dubai
Hyatt Updates Plans for Saudi Arabia and Malaysia at ATM Dubai

New Grand Hyatt Kuala Lumpur Expected to Pull Heavily from Gulf States (03/04/2012)
SAUDI ARABIA HA’IL DESERT CHALLENGE 2012
SAUDI ARABIA HA’IL DESERT CHALLENGE 2012

2012 SAUDI ARABIA HA’IL DESERT CHALLENGE, GETS UNDERWAY ON WEDNESDAY AFTERNOON (20/03/2012)
CHILDS PLAY AT ROSEWOOD CORNICHE
CHILDS PLAY AT ROSEWOOD CORNICHE

Luxurious Jeddah hotel launches ‘Rose Buds’ programme for young guests (24/02/2012)
SAUDI ARABIAN MOTOR FEDERATION ANNOUNCES
SAUDI ARABIAN MOTOR FEDERATION ANNOUNCES

The Saudi Arabian Motor Federation (SAMF) has now finalised the dates and route format and will run the FIA-sanctioned Ha’il Desert Challenge in the north-central region of the Kingdom from Mar (17/02/2012)
Hyatt Announces Plans For Three New Hotels In The Kingdom Of Saudi Arabia
Hyatt Announces Plans For Three New Hotels In The Kingdom Of Saudi Arabia

New Hotels Will Mark Country’s First Grand Hyatt and Second Park Hyatt; Hyatt Regency Jeddah is Country’s Second Hyatt Regency Under Development (06/02/2012)
Hyatt Demonstrates Commitment to Saudi Arabia
Hyatt Demonstrates Commitment to Saudi Arabia

Appointment of Hyatt Representatives on the Ground in the Kingdom (02/02/2012)
Regional Travellers Choose Hyatt Properties for Preferred Hotel Stays
Regional Travellers Choose Hyatt Properties for Preferred Hotel Stays

Hyatt Properties’ Accomplishments Marked by Succession of Award Wins in 2011 (05/01/2012)

Showing 17 news articles
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Amman Office / Agents
Mr. Motaz Othman
P.O. Box 841113 Amman 111180
Amman Jordan

Mobile : +962 785 557 778, Tel: +962 6 4618615,  Fax:+962 6 4618613, E-mail: itmamman@tcph.org



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Saudi Arabia

The news that published in Islamic Tourism Trade Media

Publisher's View
by A S Shakiry

In the holy places (Issue 16)

The Hadj and the 21st century (Issue 17)

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The articles which appeared in Islamic Tourism magazine

Single Saudi Women: London exhibition confronts stereotypes

  Issue 71

Hajj: journey to the heart of Islam

  Issue 68

Young people bring two kingdoms together

  Issue 42

Saudi Arabia
aspires to new tourism prospects
  Issue 33

Advert

  Issue 27

Mecca
A Billion Dollar Voyage
  Issue 27

Islamic Tourism
has taken its place in the World
  Issue 24

ACCOR
Confirms commitment to major expansion of its hotel ...
  Issue 20

Madain Salih
Open air museum narrates the history of acient peoples
  Issue 19

Advert
Saudi Arabia
  Issue 19

Post cards of Mecca
then and now
  Issue 16

Rituals of Hajj 2005

  Issue 16

The summer umrah
A new term in the Islamic Calender
  Issue 13




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