KSA generates SR53.7bn in revenues from tourism

In this photo taken on April 16, 2015, a Saudi man walks at Riyadh National Museum in Riyadh, Saudi Arabia. (AP)
Updated 11 July 2016

KSA generates SR53.7bn in revenues from tourism

RIYADH: The Saudi Commission for Tourism and National Heritage (SCTNH) disclosed on Sunday that domestic and inbound foreign tourism revenues reached SR53.7 billion this year, according to its latest report.
Meanwhile, last year, outgoing Saudi tourists spent SR24.1 billion abroad, said the report.
The same report noted that local tourism increased by about six percent compared to 22 percent of Saudis who left to spend their holidays abroad last year. Despite this, local tourism grew by one percent overall, while inbound tourism increased by 5.6 percent over the year.
According to the source, SCTNH works to stimulate domestic tourism in various seasons, especially during the holidays, indicating that the number of tourists at home reached 15.4 million in 2015 with an annual growth rate of up to three percent, compared with 6.4 million departing tourists annually.
Further, local tourism expenses amounted to SR15.3 billion in 2015, while inbound tourism expenditure amounted to SR38.4 billion, even though the number of tourist arrivals did not exceed 7.5 million people.
The report found that inbound tourism expenditure is the highest spending group within the county's tourism sector at SR5,120 per capita, compared to SR3,020 per capita for the outbound tourism sector.


Mustafa Al-Mahdi, CEO of the Royal Commission for Jubail and Yanbu

Mustafa Al-Mahdi
Updated 9 min 41 sec ago

Mustafa Al-Mahdi, CEO of the Royal Commission for Jubail and Yanbu

Mustafa Al-Mahdi has been the CEO of the Royal Commission for Jubail and Yanbu since October 2018.
Al-Mahdi did his bachelor’s in electrical engineering at the King Abdul Aziz University in Jeddah in 1986. He continued doing different professional courses and certification programs from different countries around the world to keep himself abreast of the latest developments in his profession.
Al-Mahdi began his professional life at the Saudi Arabian Marketing and Refining Co, (SAMAREC). After a brief stint at SAMAREC, he joined the oil giant Saudi Aramco in 1993 as a coordinator at the Saudi Strategic Storage Division.
He climbed the corporate ladder at Aramco and served in key positions in different departments of the energy company.  In September 2013, he left Aramco as manager of the company’s Yanbu Refinery.
Subsequently, he freelanced as a business strategy consultant before his appointment as the chief executive officer at the Royal Commission for Jubail and Yanbu. He is also member of the board of directors at Marafiq.
On Monday, Indian Ambassador Dr. Ausaf Sayeed called on Al-Mahdi in Jubail. They discussed aspects of cooperation between Saudi Arabia and India. They reviewed ways to boost cooperation in the industrial sector.