91.2K
Downloads
365
Episodes
As one of the world’s most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National’s esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.
Episodes
Tuesday Oct 01, 2019
Saudi Arabia opens for tourism for the first time
Tuesday Oct 01, 2019
Tuesday Oct 01, 2019
Saudi Arabia’s opens up and begins to issue tourist visas for the first time. Host Mustafa Alrawi, assistant editor in chief and future editor Kelsey Warner, speak to The National’s Ashleigh Stewart who is in Saudi Arabia as they launch their latest tourism industry initiative.
People from 49 countries are able to obtain a 90 day, multiple entry tourist visa for the kingdom. Tourism is a key component of Saudi Arabia’s Vision 2030 programme with expectations to boost international and domestic visits to 100 million a year by 2030. This will mean an increase of the tourism sector‘s contribution towards gross domestic product to 10 per cent in that time, up from just 3 per cent today. This includes major new developments – being termed as ‘giga’ projects: NEOM, the Red Sea Project, Qiddiyah, Amaala and Ad Diriyah. This comes as the kingdom’s non-oil gross domestic product grew 2.9 per cent year-on-year in the second quarter, higher than 2.1 per cent rate of expansion achieved in the first quarter of 2019, according to the latest data released by the General Authority for Statistics. The pick up in non-oil economic growth was the strongest since the fourth quarter of 2015, when Riyadh started putting fiscal consolidation measures in place to counter a three-year oil price slump that began in the middle of 2014.
In this episode:
- Introduction (0m 29s)
- Interview with Ashleigh Stewart in Saudi Arabia (3m 31s)
- Mustafa and Kelsey in studio discussion (17m 54s)
- Headlines (31m 01s)
Read more on our website:
• From NEOM to Ad Diriyah: Saudi Arabia's 'giga projects' and when they are expected to be completed
• From NEOM to Ad Diriyah: Saudi Arabia's 'giga projects' and when they are expected to be completed
Version: 20240320