Latest news with #Haifabint
Arab News
16-04-2025
- Business
- Arab News
Saudi Arabia sees 333% surge in private hospitality licenses amid tourism boom
RIYADH: Saudi Arabia issued 8,357 licenses for private hospitality facilities in 2024, marking a 333 percent year-on-year surge as the Kingdom ramps up efforts to build a globally competitive tourism sector. The latest data, released by the Ministry of Tourism, reflects soaring investor interest in the hospitality segment and the government's push to expand capacity across accommodation types, particularly individually owned, furnished units licensed to serve paying guests, the Saudi Press Agency reported. This surge in permits aligns with a nearly fourfold increase in tourism license applications since Saudi Arabia secured the hosting rights for the 2034 FIFA World Cup, according to Vice Minister of Tourism Princess Haifa bint Mohammed Al-Saud, who made the remarks during an event earlier this month. As part of Vision 2030, Saudi Arabia aims to draw 150 million annual visitors by the end of the decade and is investing heavily in mega-tourism and hospitality projects such as NEOM, the Red Sea destination, and Diriyah Gate. Mohammed Al-Rasasmah, the official spokesman for the Ministry of Tourism, said that 'the increasing growth in the number of licenses issued for private tourism hospitality facilities confirms the ministry's keenness to enable individual investors in the hospitality sector to obtain the necessary ministry license to operate, within the framework of the ministry's keenness to ensure the improvement of services provided,' the SPA reported. 'He pointed out that these efforts come within the framework of the "Our Guests Are a Priority" campaign; which aims to enhance hospitality facilities' commitment to licensing and classification standards, and ensure their compliance with the requirements and requirements set by the Tourism System and its regulations,' it added. Earlier this month, the ministry reported an 89 percent increase in licensed hospitality facilities across Saudi Arabia, reaching 4,425 units by the end 2024. The rise reflects mounting demand from domestic and international travelers as the Kingdom accelerates tourism development under Vision 2030. Makkah accounted for 1,030 of these licensed facilities — an 80 percent annual jump — making it the leading region for the number of certified accommodations and rooms. The ministry said the uptick supports its commitment to improving the visitor experience, especially for Umrah pilgrims. In a post on X at the time, Al-Rasasimah described the surge as 'remarkable,' adding that it reflects efforts 'to support the sector's growth and enhance its investment attractiveness.' The ministry emphasized that the regulation of private hospitality providers is not only intended to enhance competitiveness but also to protect guest rights and uphold service standards, particularly in high-demand areas like Makkah and Madinah.
CairoScene
10-04-2025
- Business
- CairoScene
Saudi Tourism Licenses Surge 390% Ahead of 2034 World Cup
Saudi Arabia sees a surge in tourism activity following its successful bid to host the 2034 FIFA World Cup. Tourism licences in Saudi Arabia have surged by 390% since the Kingdom was awarded the rights to host the 2034 FIFA World Cup, according to Vice Minister of Tourism Princess Haifa bint Mohammed Al Saud. Speaking at the Sports Investment Forum in Riyadh, she highlighted the growing investor interest in the Kingdom's tourism sector, particularly as international focus sharpens ahead of the global tournament. The increase in licences is part of a broader movement across the private sector to prepare for a significant influx of global visitors, as Saudi Arabia scales up its hospitality and infrastructure in line with Vision 2030. The forum underscored how sports are being leveraged as a driver of economic diversification, with the upcoming World Cup expected to play a key role. Analysts have estimated that hosting the tournament could contribute between USD 9 billion and USD 14 billion to the national GDP. Projections also indicate that the event could create up to 1.5 million jobs and accelerate the development of 230,000 hotel rooms across five cities. According to FIFA reports, hosting the World Cup entails significant operational costs, including USD 378.4 million for television operations and USD 273.8 million for staffing and workforce requirements. The three-day Sports Investment Forum, running through April 9th, brings together public and private stakeholders exploring the Kingdom's evolving sports ecosystem and its role in economic transformation.
Arab News
08-04-2025
- Business
- Arab News
Saudi tourism license applications up 390% after World Cup announcement: vice minister
RIYADH: Tourism license applications in Saudi Arabia have surged nearly fourfold since the Kingdom secured hosting rights for the 2034 FIFA World Cup, a senior official has revealed. Speaking at a panel discussion during the Sports Investment Forum in Riyadh, taking place from April 7 to 9, the Kingdom's Vice Minister of Tourism, Princess Haifa bint Mohammed Al-Saud, said applications had surged by 390 percent — highlighting the growing interest of international tourists and boosting economic growth, according to local broadcaster Al-Ekhbariya. The increase comes as Saudi Arabia ramps up investments in sports infrastructure as part of Vision 2030, the Kingdom's strategic framework to diversify the economy and reduce dependence on oil. It also aligns with the growing recognition that sports tourism is a key driver of economic development, accounting for 10 percent of global tourism expenditure and projected to grow by 17.5 percent by the end of this decade. 'Sports tourism has no limits. The number of tourists who came solely to attend sporting events reached 14 million by last year, spending nearly SR22 billion ($5.86 billion),' Princess Haifa said, according to a post on Al-Ekhbariya's X account. 'In 2018, visitors from 70 nationalities visited the Kingdom to attend sporting events, and today the number has exceeded 160 nationalities, thanks to various facilities,' she added. During the session, the vice minister emphasized the role of the broader tourism ecosystem in supporting the Kingdom's sporting ambitions and contributing to sustainable economic development through public-private collaboration. The inaugural edition of the three-day Sports Investment Forum sees local and international leaders, officials, investors, and entrepreneurs exploring opportunities in the Kingdom's evolving sports landscape. The forum aims to expand the scope of sports investment in Saudi Arabia by fostering effective partnerships, attracting capital, and launching initiatives to drive growth across the sector.
