{"id":45709,"date":"2024-09-09T16:45:55","date_gmt":"2024-09-09T13:45:55","guid":{"rendered":"https:\/\/lovin.co\/riyadh\/en\/?p=45709"},"modified":"2024-09-09T16:45:55","modified_gmt":"2024-09-09T13:45:55","slug":"saudi-surpasses-vision-2030-goal-by-attracting-100-million-tourists-7-years-early","status":"publish","type":"post","link":"https:\/\/lovin.co\/riyadh\/en\/latest\/saudi-surpasses-vision-2030-goal-by-attracting-100-million-tourists-7-years-early\/","title":{"rendered":"Saudi Surpasses Vision 2030 Goal By Attracting 100 Million Tourists 7 Years Early!"},"content":{"rendered":"

The International Monetary Fund (IMF) has highlighted Saudi Arabia\u2019s booming tourism sector as a major force behind the country\u2019s economic diversification<\/h2>\n

According to the 2024 Article IV Consultation report, Saudi Arabia exceeded its Vision 2030 goal of attracting 100 million visitors annually by 2023 \u2014 a full seven years ahead of schedule.<\/p>\n

Tourism revenues reached $36 billion in 2023, contributing 11.5% to the country\u2019s GDP, with expectations to grow to 16% by 2034<\/h2>\n

\"Saudi<\/p>\n

This growth has been driven by a combination of strong local interest and a boost in international tourism. Events like Formula One, the 2027 Asian Cup, and the 2030 World Expo have helped position Saudi Arabia as a new hotspot for cultural and leisure activities.<\/p>\n

The report also noted a shift in Saudi Arabia\u2019s economy<\/h2>\n

\"Saudi<\/p>\n

With the country now earning more from inbound tourism than it spends on outbound tourism. This positive change started in 2022 and continued in 2023, thanks to increased earnings from transport and service exports.<\/p>\n

The IMF also found that while Saudi nationals are spending less on international travel, expatriates living in the Kingdom are spending more on local leisure activities. This shift is strengthening various sectors like food, culture, and travel, helping reduce Saudi Arabia\u2019s reliance on oil.<\/p>\n","protected":false},"excerpt":{"rendered":"The International Monetary Fund (IMF) has highlighted Saudi Arabia\u2019s booming tourism sector as a major force behind the country\u2019s economic diversification According to the 2024 Article IV Consultation report, Saudi Arabia exceeded its Vision 2030 goal of attracting 100 million visitors annually by 2023 \u2014 a full seven years ahead of schedule. Tourism revenues reached … ","protected":false},"author":4407,"featured_media":45714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[419],"tags":[],"acf":{"hide_featured_image":false,"featured_image":{"ID":45714,"id":45714,"title":"Copy of rama Article pictures template (31)","filename":"Copy-of-rama-Article-pictures-template-31.png","filesize":537019,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/9\/2024\/09\/09162220\/Copy-of-rama-Article-pictures-template-31.png","link":"https:\/\/lovin.co\/riyadh\/en\/latest\/saudi-surpasses-vision-2030-goal-by-attracting-100-million-tourists-7-years-early\/attachment\/copy-of-rama-article-pictures-template-31-2\/","alt":"Saudi Surpasses Vision 2030 Goal By Attracting 100 Million Tourists 7 Years 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