Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Travel & Tourism)
Filter PR by
  
Saudi tourism revenues touch SAR 61.8 bn in 2012 and expected to hit SAR 67.8 bn in 2016
 
Saudi tourism revenues touch SAR 61.8 bn in 2012 and expected to hit SAR 67.8 bn in 2016

Dubai, May 4, 2013 – Tourism companies in Saudi Arabia are aggressively investing their resources in the local market, particularly during the Hajj and Ummrah seasons, to further consolidate KSA's leading footprint in the tourism landscape. As the 2013 Arabian Travel Market draws near in the UAE, these companies are geared up to take part in the event and exchange knowledge and expertise with their Emirati and Middle East counterparts.

In 2012, Saudi Arabia saw a 10 per cent increase in tourism revenues over 2011, achieving a remarkable SAR 61.8 billion. Saudi tourism industry players are now keen on making the most of the opportunities presented at travel and tourism events to further boost the sector and achieve their target of raising SAR 67.8 billion worth of tourism revenues by 2016, mainly tapping the market for tourism for leisure and religious purposes in particular.

Youssef Abdul Latif Jameel, Chairman of Abdul Latif Jameel Real Estate Investment Company (ALJREIC), pointed out that the hospitality industry in the middle-east region occupies the largest share of the global market, where Saudi Arabia alone accounts for 46 per cent. “The Kingdom is seeing massive investments and expansion projects in a strong attempt to attract larger number of tourists and visitors to the country. One of the many major projects is the expansion of King Abdul Aziz International Airport which is poised to accommodate up to 80 million travelers by 2035.”

Jameel further described the expansion strategy of the company which can be characterized by the SAR 10 billion Jabal Al Ka'aba project as a genuine contribution to the development of Makkah and the Kingdom as it will help address the growing demand for hotel rooms in the city, especially during the Hajj and Ummrah seasons. Anjum Hotels is expected to add a total of 7,000 hotel rooms in a cluster of new hotels over the coming few years.

The Chairman of ALJREIC further confirmed the company's participation in ATM 2013, where it will be showcasing its new 1743-rooms and suites Anjum Hotel in Makkah, the flagship hotel of Anjum Hotels in Jabal Al Ka'aba project. The hotel will open its doors for guests by Q3 2013.

Jameel finally lauded the wise directives of the Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al Saud and the Crown Prince, as well as the directives of the Saudi Commission for Tourism and Antiquities (SCTA) to develop the tourism industry and support major sector-related investments to maintain the increasing demands for both inbound and outbound tourism. He also underlined the ambitious government initiatives and development plans to engage the private sector and stimulate its role in the Saudi economy.


Posted by : Dubai PR Network Editorial Team
Viewed 8424 times
PR Category : Travel & Tourism
Posted on : Sunday, May 5, 2013  8:59:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Best Website for Exploring & Booking Your Stay or Holiday in...
Next Story : After remarkable success in the tourism sector, Turkey assur...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [24193-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [15140-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [12450-Views]
Ncef-reverse Eyes – Filorga's New Ground Breaking Eye Care! [8918-Views]
A touch of elegance with Al Asel [8802-Views]
Roberto Cavalli's exclusive new duo of fragrances [8619-Views]
Ferrari 812 GTS: the V12 spider returns [8436-Views]
La Roche-posay Presents an Incomparable Skincare Experience With ‘My Skin Track UV;' the W... [8180-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [7753-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [7753-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [7302-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [7131-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [7125-Views]
Corum Golden Bridge Round 39 for elegant lady [7046-Views]
The Ferrari F8 Spider: the evolution of the species [6594-Views]
Introducing Pestle & Mortar [6399-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [6368-Views]
Tissot Carson Automatic Urban vitality [6185-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5917-Views]
Glamorous Gilda for elegant lady' [5838-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [5758-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5405-Views]
The art of knurling [5130-Views]
Breitling Announces Partnership With Etihad Airways [4990-Views]
Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3 [4850-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories