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Riyadh season and the bet on entertainment

Reading time: 2 MinutesThe Kingdom is betting on the viability of the luxury sector (Riyadh Season)

25/09/2023

Hani Khashoggi - Foreign Ownership - 95th National Day
Ministry of Tourism-Housing Rentals

Saudi tourism in 2024. 116 million tourists and spending exceeds 284 billion riyals

The Ministry of Tourism details 2024 measurements in the report: 30 million international visitors (+8%) and 86.2 million domestic tourists.

Abu Dhabi

Luxury brands are redrawing the real estate map in Abu Dhabi

Luxury brand residences in Abu Dhabi are priced lower than Dubai, AED 2500-4000 per meter, and are attracting new investment projects.

Ministry of Tourism-Housing Rentals

Tourism sector continues to grow A rise in the number of workers, occupancy rates and prices

Q4 2024: Tourism jobs are up 4% with varying occupancy rates and fluctuating prices.

Riyadh city

Significant growth in the hospitality sector 362K new hotel rooms and 150 million visitors by 2030

Knight Frank predicts a massive expansion in luxury hotel supply with 150 million visitors targeted and visa facilitation support.

Franchise Expo Jeddah.

Franchise Expo showcases the expansion of Saudi brands globally

Exhibition sessions in Jeddah highlighted expansion strategies and opportunities for Saudi brands to enter global markets with the support of Vision 2030

Riyadh Real Estate - Hotel Room

281,000 hotel rooms licensed in 2024 The growth rate is 69.5%

Total licensed rooms 476,000 in 2024 with a target of 675,000 rooms by 2030

333 % Growth in the number of licenses for private tourist hospitality facilities through 2024

The Ministry of Tourism issued 8,357 licenses for private tourist hospitality facilities in 2024 as part of the "Our Guests are a Priority" campaign.

“Tourism” announces that the number of licensed rooms will rise to 475 thousand by the end of 2024

Ministry: 69% growth in 2024 thanks to easier licenses, "Our Guests are a Priority" campaign, and alignment with Vision 2030.

Foreign Tourists Saudi Tourism Festivals

 154 billion riyals spent by foreign tourists in Saudi Arabia last year

Total tourism spending rises 14%, supported by increased visitors and more than $500 billion in tourism investments.

بالصور.. المسار الرياضي وجهة رياضية وترفيهية تعزز جودة الحياة في رمضان

المرحلة الأولى بطول 83 كيلومترًا من مشروع المسار الرياضي في الرياض توفر مسارات ومرافق رياضية وترفيهية.

Residential program

More than 41 million riyals in support agreements signed on the night of Joud Waqfat al-Joud

Financial and in-kind contributions of more than 41.6 million riyals to empower needy families through the Joud Housing platform

Mecca

الاستثمار في العقارات الفندقية خلال رمضان.. فرص ذهبية لتعظيم الأرباح

خلال رمضان ترتفع نسب الإشغال إلى 100% في بعض المواقع، وترتفع أسعار الغرف 30–50%.

صورة معرض شركة نزل العقارية

“نزل العقارية” تحقق مبيعات تتجاوز المليار ريال في معرض ريستاتكس العقاري 2025

المبيعات تنوّعت بين وحدات سكنية وأراضٍ مطورة وخام بما في ذلك مشاريع المزيني، بدعم عروض استثمارية وإقبال مرتفع

Boris Johnson: Saudi Arabia is fast becoming a global tourism leader

He praised the Crown Prince's invitation to visit NEOM and called on Saudis to be proud of Mohammed bin Salman's leadership

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

The Red Sea Project: Turning 90 islands into luxury resorts

Sustainability-focused project on 200 kilometers of coastline creates 70,000 jobs and contributes 22 billion riyals

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