Saudi hosted the UNWTO, as Saudi- Spain strengthens global tourism
Buoyed by strong bilateral trade totaling $3.5 billion
annually, Saudi Arabia and Spain look to play a key role in strengthening
global tourism as both the countries continue to share strong business
relationships.
As Saudi Arabia hosted host the 116th Executive Council of
the UN World Tourism Organization, with around 180 participants worldwide.
The two countries announced a partnership last December
within the UN World Tourism Organization to revitalize and strengthen the
tourism sector after the pandemic.
“We are showing the world that collaboration and partnership
will help protect jobs and livelihoods across the world,” said Al-Khateeb. He
also added that Saudi Arabia has now become one of the world’s most compelling
places to invest.
The minister said the Saudi-Spanish Infrastructure Fund with
a capital of $1 billion will finance infrastructure projects in the Kingdom, in
addition to another fund worth $5 billion for private sector investments. “We
look to Spain with respect for what it has achieved domestically and
internationally, and that’s in the heart of our model of Vision 2030,” he
added. Al-Khateeb highlighted the state’s giga-projects which are currently
under development, including AlUla, The Red Sea, NEOM, Diriyah Gate and
Qiddiya.
Backed by its Vision 2030, Saudi Arabia has emerged as a key
player in the world to revive the tourism sector post-pandemic.
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