Crown prince leads Saudi tourism workshop

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The crown prince chaired the session in Turaif. (SPA)
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The crown prince chaired the session in Turaif. (SPA)
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The crown prince chaired the session in Turaif. (SPA)
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“Tourism Talk” workshop covered a number of items about tourism in the Kingdom. (SPA)
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The crown prince chaired the session in Turaif. (SPA)
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The crown prince chaired the session in Turaif. (SPA)
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The crown prince chaired the session in Turaif. (SPA)
Updated 10 February 2019
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Crown prince leads Saudi tourism workshop

RIYADH: Crown Prince Mohammed bin Salman chaired a “Tourism Talk” workshop on Wednesday in historic Diriyah’s Al-Turaif district. The event — which featured the participation of the Council of Economic and Development Affairs, of which the crown prince is president, and the Saudi Commission for Tourism and National Heritage — explored the aims and direction of the tourism sector in the Saudi Arabia in view of the aspirations of the Kingdom’s Vision 2030.

It covered three main topics: an overview of the tourism industry, globally and locally; the aspirations of the tourism sector in the Kingdom; and the partners that can help develop the sector. The workshop looked at global growth prospects for tourism, the economic, social and cultural returns, and the role of the tourism sector in creating investment opportunities.

It also included an analysis of opportunities tourism offers Saudi Arabia, including the enhancement of the Kingdom’s position globally in the sector, and considered the elements that contribute to a successful tourism industry. The opportunities and possibilities for national tourism were also discussed.


SAMI and French Naval sign MoU

Updated 7 min 4 sec ago
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SAMI and French Naval sign MoU

  • SAMI is expected to create 5,000 new jobs
  • Saudi plans to nationalize 50% of its military spending for Vision 2030

DUBAI: State-owned Saudi Arabian Military Industries (SAMI) and France’s Naval Group signed a memorandum of understanding Sunday, said Al-Arabiya.

Reuters said Paris and Riyadh agreed to manufacture warships, frigates, and submarines in Saudi, Al-Arabiya added.

The parties also agreed to produce and develop naval systems.

The Saudi 2030 Vision is highly reliant on the contribution of SAMI to the GDP. According to the vision, the plan is to nationalize 50% of the military spending, and increase the contribution of the private sector to the GDP by 40-65%.

Public Investment Fund of Saudi Arabia expects SAMI to contribute almost $240 million to the national GDP by 2020, and to create 5,000 new jobs.

SAMI is set to become one of the top 25 manufacturers in the military industry globally, combining latest technologies and best expertise to produce military equipment according to international standards and aid the development of the Saudi army.

The company’s strategy is based on implementing best practices from extensive studies in the industry, and collaborating with national and international partners.

SAMI designed their areas of operation to increase profitability and nationalization of the industry.