Tourism likely to lure $500B investments in coming 15 yrs: Minister

01:12 PM (Mecca time) Argaam
Ahmed Alkhateeb,Minister of Tourism

Ahmed Alkhateeb, Minister of Tourism

Saudi Arabia’s Minister of Tourism, Ahmed Al Khateeb, said that investments in the sector are expected to reach $500 billion over the next 15 years.

 

Meanwhile, the ministry is striving to localize a large portion of this spending, which will create more jobs.

 

During a session within the Local Content Forum, the minister added that 50% of the jobs in the newly opened resorts on the Red Sea are localized.

 

He stated that the ministry is keen on localizing executive, design, materials used, as well as operation, using Saudi cadres in the management of hotels and tourist destinations, as it was announced that $100 million will be spent every year to train 100,000 Saudis.

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