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Saudi hosted the UNWTO, as Saudi- Spain strengthens global tourism

Published 2022-08-01 01:57:44

Buoyed by strong bilateral trade totaling $3.5 billion annually, Saudi Arabia and Spain look to play a key role in strengthening global tourism as both the countries continue to share strong business relationships.


As Saudi Arabia hosted host the 116th Executive Council of the UN World Tourism Organization, with around 180 participants worldwide.


The two countries announced a partnership last December within the UN World Tourism Organization to revitalize and strengthen the tourism sector after the pandemic.

“We are showing the world that collaboration and partnership will help protect jobs and livelihoods across the world,” said Al-Khateeb. He also added that Saudi Arabia has now become one of the world’s most compelling places to invest.


The minister said the Saudi-Spanish Infrastructure Fund with a capital of $1 billion will finance infrastructure projects in the Kingdom, in addition to another fund worth $5 billion for private sector investments. “We look to Spain with respect for what it has achieved domestically and internationally, and that’s in the heart of our model of Vision 2030,” he added. Al-Khateeb highlighted the state’s giga-projects which are currently under development, including AlUla, The Red Sea, NEOM, Diriyah Gate and Qiddiya.


Backed by its Vision 2030, Saudi Arabia has emerged as a key player in the world to revive the tourism sector post-pandemic. 


Source: Arab News

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