Saudi Arabia Approves 19 Hotel Projects with $1.8 Billion in Investment

Saudi Arabia has approved 19 hotel projects under the Hotel Investment Facilitation Program, with investments totaling SAR 6.7 billion, or $1.8 billion. The projects are expected to create more than 17,000 jobs across five tourist destinations, reflecting the Kingdom's drive to boost its tourism sector.

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• The relevant tourism and investment ministries announced the projects, which will add more than 3,000 hotel rooms.

  «Announced by the Ministries of Tourism and Investment, the projects will add over 3,000 hotel rooms»

  BRG News
• About 40% of the planned rooms are in coastal destinations, and the projects are expected to contribute more than SAR 2.4 billion annually.

  «with approximately 40% planned for coastal destinations, and are expected to contribute more than SAR2.4 billion»

  BRG News
• The projects are expected to create more than 17,000 jobs spread across five tourist destinations.

  «ويتوقع أن توفر المشاريع أكثر من 17 ألف وظيفة في خمس وجهات سياحية»

  BRG News

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