Boom in hotel investment

Updated 14 November 2012

Boom in hotel investment

JEDDAH: Makkah region, which attracts more than 10 million pilgrims annually, has the largest number of hotels in the Kingdom, a report said yesterday.
Total investment in hotels and furnished apartments in the country would reach SR 97.5 billion by 2020, it added. About 54.8 percent of hotels in the Kingdom are in the Makkah region, followed by Madinah (16.7%) and Eastern Province (9.5%). Two-star hotels account for 68.2% of the total, followed by three star (18.8%), five star (8.3%) and four star (4.6%).
The report was released by Muhammad Al-Amri, executive director of the SCTA in the Makkah region on the occasion of Hotel Show Saudi Arabia 2012, which will be held in Jeddah on Nov. 17-19.


Saudi Arabia among top 10 in UN’s e-commerce index

Updated 09 December 2019

Saudi Arabia among top 10 in UN’s e-commerce index

  • The index ranked the Kingdom 49th in the global ranking

RIYADH: The UN e-commerce index ranked Saudi Arabia among the top 10 countries in the e-commerce sector. 

The index, issued by the UN Conference on Trade and Development, ranked the Kingdom 49th in the global ranking, rising three places in the general index.

The report indicated that the improvement achieved by the Kingdom came from two criteria: The proportion of Internet use — which has risen to 93 percent — and the rising postal reliability standard.

Saudi Minister of Communications and Information Technology Abdullah bin Amer Al-Sawaha said that this achievement came as a result of unlimited support from the leadership.

He added that the ministry works with partners to develop the Kingdom’s digital capabilities to invest in the growth of future projects in order to achieve the Kingdom’s Vision 2030 reform plans.