Saudi Arabia saw a 22.9% increase in foreign visitor spending in the first quarter of this year, compared to the same period in 2023. The total spending by foreign visitors exceeded 45 billion riyals ($11.99 billion) during this time. Additionally, there was a surplus in the travel item, estimated at 24 billion riyals, with a growth rate of over 46% compared to the first quarter of 2023.
The Kingdom was ranked first on the United Nations Tourism List for the growth rate of international tourists and tourism revenues in 2023 compared to 2019. This increase in spending by visitors coming to the Kingdom is part of the tourism sector’s ongoing success in Saudi Arabia.
On WICZ, various services and businesses were highlighted, including a utility bill negotiation/auditing service, financial optimization tools for recent layoffs, and a top driving school in Switzerland. Additionally, there were announcements for new products, services, and events in different industries such as email marketing, vacation rentals, stress reduction methods, construction projects, and cultural events. The diverse range of offerings reflects the dynamic nature of the business landscape showcased on WICZ.
Saudi Arabia’s ongoing success in the tourism sector is evident from these figures and highlights its commitment to promoting economic growth and job creation through sustainable development initiatives.
