Latest news with #2025SportsInvestmentForum
Trade Arabia
08-04-2025
- Business
- Trade Arabia
KSA sporting events draw 14m tourists in 2024
Saudi Deputy Minister of Tourism Princess Haifa Al-Saud said that sporting events have attracted 14 million tourists with a total spending of SR22 billion ($5billion) in 2024, reported Saudi Gazette. Attending a panel discussion at the 2025 Sports Investment Forum in Riyadh, Princess Haifa emphasised the growing role of sports tourism in the Kingdom. She noted that the Kingdom has welcomed visitors from more than 160 different nationalities to attend sporting events. The opportunities that are opened up by sports tourism and sporting events are limitless, Princess Haifa said, while emphasising that there is a strong desire among people to come to Saudi Arabia and explore it. According to Princess Haifa, applications for licenses to carry out tourism activities have shot up by 390 percent since the announcement that the Kingdom would host the World Cup in 2034.
Zawya
08-04-2025
- Business
- Zawya
Sporting events draw 14mln tourists with $6bln spending in 2024: minister
RIYADH — Deputy Minister of Tourism Princess Haifa Al-Saud said that sporting events have attracted 14 million tourists with a total spending of SR22 billion in 2024. Attending a panel discussion at the 2025 Sports Investment Forum in Riyadh on Monday, Princess Haifa emphasized the growing role of sports tourism in the Kingdom. She noted that the Kingdom has welcomed visitors from more than 160 different nationalities to attend sporting events. The opportunities that are opened up by sports tourism and sporting events are limitless, Princess Haifa said, while emphasizing that there is a strong desire among people to come to Saudi Arabia and explore it. According to Princess Haifa, applications for licenses to carry out tourism activities have shot up by 390 percent since the announcement that the Kingdom would host the World Cup in 2034. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
07-04-2025
- Business
- Saudi Gazette
Princess Haifa: Sporting events draw 14 million tourists with SR22 billion spending in 2024
Saudi Gazette report RIYADH — Deputy Minister of Tourism Princess Haifa Al-Saud said that sporting events have attracted 14 million tourists with a total spending of SR22 billion in 2024. Attending a panel discussion at the 2025 Sports Investment Forum in Riyadh on Monday, Princess Haifa emphasized the growing role of sports tourism in the Kingdom. She noted that the Kingdom has welcomed visitors from more than 160 different nationalities to attend sporting events. The opportunities that are opened up by sports tourism and sporting events are limitless, Princess Haifa said, while emphasizing that there is a strong desire among people to come to Saudi Arabia and explore it. According to Princess Haifa, applications for licenses to carry out tourism activities have shot up by 390 percent since the announcement that the Kingdom would host the World Cup in 2034.
Argaam
07-04-2025
- Business
- Argaam
Saudi sports sector holds SAR 32B market value: Assistant Minister
The Saudi sports sector currently holds a market value of nearly SAR 32 billion, up from less than SAR 5 billion in 2016 when the Vision was launched, Assistant Minister of Investment Ibrahim Almubarak stated. Speaking at the 2025 Sports Investment Forum (SIF), Almubarak noted that the rate of sports participation in the Kingdom rose from 13% to 48% since the Vision launch. Since 2016, over 70 new sports federations have been established, covering a wide range of Olympic and non-Olympic disciplines—highlighting the diversity of Saudi sports. Almubarak stated that the Kingdom views sport as more than just a tool for promoting health awareness or providing public entertainment. Instead, it is seen as a vital component in developing a modern economy, cultivating human capital, and reinforcing national identity. Moreover, sport now represents a genuine opportunity to reshape the national economy, attract both local and foreign investment, and establish new value chains.
