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Saudi MOT announces USD 113bn in investments
Investments span the full visitor economy
The commitments cover luxury retail, next generation hotel accommodation, large integrated developments, wellness concepts, lifestyle destinations, talent development and AI-powered platforms. Furthermore, these investments set new standards for future tourism needs and reshape the traveler’s journey. International and regional contributors included Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix and Ocean Link, AlFozan Holding, Al Kathiri Holding, Alothaim and Knowledge Economic City. Their participation demonstrates growing confidence in the tourism sector. Many commitments focused on Saudi Arabia, thus reinforcing the kingdom’s international competitiveness. Moreover, investments combine infrastructure and human capital to create jobs, unlock value and deliver meaningful experiences at scale.
A new chapter for tourism investment
His excellency Ahmed Al Khateeb, minister of tourism and chairman of TOURISE, voiced his delight at the achievement. He said: “TOURISE has been the catalyst that brings investors, policymakers and innovators to the same table. Together, we’re redefining the entire traveler economy, powered by AI, built on destination and experience excellence.”
The announcement reinforces TOURISE’s founding mission to unite public and private decision makers. Moreover, the scale of these commitments demonstrates TOURISE’s capacity to convene the right partners and deliver tangible results.
