Saudi Arabia Tourism Report Q4 2014 - New Market Study Published
In general terms, BMI remains optimistic about the medium-term outlook for Saudi Arabian tourism as we approach the end of 2014, targeting 37.4% growth in tourist arrivals (to 25.8mn) and a 40.6% increase in tourism receipts (to USD14.2bn) over the forecast period to 2018. The Saudi Arabian authorities have stated that they want to diversify away from an economic overdependence on oil, with the tourism industry set to become increasingly important to the overall economy. Government expenditure has focused on...
View full press release