Saudi Arabia’s tourism investments ‘unaffected’ by high prices: Official

15/06/2022 Argaam

Photo of Mahmoud Abdulhadi, Deputy Minister of Tourism 

Investments of the Saudi tourism sector will remain intact amid inflation pressures and high prices in the wake of Russian war on Ukraine and COVID-19 pandemic, Al Madina newspaper reported, citing Mahmoud Abdulhadi, Deputy Minister, Investment Attraction at the Ministry of Tourism. 

 

The ministry seeks to attract more investments to different areas in light of the extensive attention and incentive packages.  

 

Abdulhadi highlighted the significance of investment diversification to lure private sector companies and foreign firms to invest in tourism projects, indicating that the ministry targets to develop the promising destinations.  

 

“We are coordinating with leaderships across the Kingdom to pinpoint strength areas for optimal use in the tourism investment,” he noted. 

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