Money and business

TOURISE Forum: $113 billion investments to grow the global tourism sector


Declare , investments worth $113 billion aimed at strengthening the global tourism sector, accelerating the pace of its transformation, and ensuring its sustainable prosperity.

The announcement came during the activities of the first day of the inaugural edition of the forum, which was launched today in Riyadh, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister – may God protect him – and will continue until the 13th of this November at the King Abdulaziz International Convention Center, with the participation of an elite group of leaders. Global decision makers, innovators and visionaries in the And various sectors related to it.

TOURISE Forum

The announcement embodies the vision of the TOURISE Forum aimed at unleashing the flow of qualitative and large deals into the tourism sector, by bringing together leaders of the public and private sectors in various fields related to tourism, such as technology, investment and sustainability, to develop innovative and implementable solutions that enable the tourism sector to face the expected challenges and thrive for the next five decades.

The Minister of Tourism and Chairman of the Board of Directors of the TOURISE Forum, Ahmed bin Aqeel Al-Khatib, said: "The TOURISE Forum has played a pivotal role in bringing together investors, policymakers and innovators under one umbrella, successfully turning ambitious visions into strategic partnerships and impactful deals that drive towards new horizons, and we will reshape the future of the travel economy together, relying on the power of artificial intelligence, and committed to consolidating the excellence of tourist destinations and improving the quality of the experience, ensuring sustainable growth and expanding opportunities to include the various elements of the entire tourism system."

New global standards

These investments enhance efforts to develop infrastructure and develop human competencies, in addition to employing the latest technologies in the fields of data collection, design, and hospitality, which contributes to establishing new global standards that enhance visitors’ experience, create quality job opportunities, and provide exceptional and meaningful experiences for visitors in various parts of the Kingdom.

These initiatives embody the Kingdom’s position as a leading global center that combines the pedigree of culture and authenticity of heritage on the one hand, and the spirit of innovation and integration of global hospitality services on the one hand. level on the other hand, which enhances its competitiveness and makes it a preferred travel destination worldwide.

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