Abdulaziz Al-Issa: The real estate sector is the fertile ground where tourism grows

Mohammed Al Saab: The strength of investment in new tourism attractions is an opportunity to invest in accommodation

Riyadh- Mohammed Jamous

The Internal tourism is one of the most important pillars of the Kingdom's Vision 2030; as a vital and important tributary in supporting the local economy.

Amlak newspaper conducted a survey on investment in the sector and tourism real estate sectors, the most important obstacles associated with it, the real estate associated with the tourism real estate sector, and how the tourist accommodation sector keeps pace with the renaissance witnessed by the Kingdom.

Al-Issa: Double the burden on shelters

In the beginning, Mr. Abdulaziz Al-Issa spoke, stressing that the Real estate related to tourism and entertainment is characterized by a high investment value; if it is committed to providing excellent hotel service, and has a demand from tourists, travelers and transients, as it is the only alternative for them, Al-Issa pointed to the positive statistics that appear in the news and reports, as the Minister of Tourism Mr. Ahmed Al-Khatib revealed that the number of domestic tourism visits Al-Khatib revealed that the number of domestic tourism visits reached 54 million visits during 2021, and that the target according to Vision 2030 is about 100 million visits, these figures mean doubling the burden on furnished apartments and hotel suites and the services provided in them, expecting that there will be quality investments in this sector, as it is the fertile ground in which tourism grows.

Al-Issa stressed the importance of strategic thinking in investing in real estate related to tourism, explaining that modern mall services, entertainment and luxury restaurants must be located in one place for the comfort and recreation sought by local and foreign visitors alike.

Al-Issa called on the private sector to open up to the tourism industry in its comprehensive concept that promotes sustainable development in all investment and service sectors that greatly help in providing opportunities for small and medium-sized businesses and creating job opportunities for Saudi cadres.

Al-Issa called on the private sector to open up to the tourism industry in its comprehensive concept that promotes sustainable development in all investment and service sectors. <He praised the establishment of the Saudi Investment Marketing Authority in the Kingdom, noting that tourism in the Kingdom needs such qualitative leaps in attracting foreign capital.

Difficult: Vital projects to support the tourism sector

For his part, Mr. Mohammed Al-Saab, owner of Dost Hotel Suites, praised the diverse tourism resources that abound in the various regions of the Kingdom, which makes it easy to create a balance between all regions, in addition to the historical heritage that distinguishes the Kingdom from other countries, as well as the many facilities with which the state has stimulated investment in tourism and its tributaries.

Mr. Mohammed Al-Saab <The Kingdom's tourism attraction projects are characterized by high investment power, especially if we look at the direction of the state, may God protect it, in developing major cities such as Al-Quds This confirms the feasibility of investing in tourism-related real estate, and it is obvious that every visitor or tourist will need a hotel to stay in, so accommodation houses and centers are considered one of the basics that every tourist area cannot do without, which enhances the gains of these houses that during one year there are seasons in various cities for shopping, entertainment and recreation that are visited by citizens and foreigners.

We hope that the competent authorities put facilities for investors to build more hotels and resorts in cities with monuments and picturesque landscapes to revive them, and we hope that the media will produce documentaries and informative films about historical cities that have not been popularized and spread among the citizens of our dear country.

We hope that the media will produce documentaries and informative films about historical cities that have not received their share of popularity and spread among the citizens and citizens of our dear country.