Market Outlook•
Religious Tourism in Saudi: Harnessing Economic Dividends
Saudi Arabia has welcomed over 600 million visitors ever since the launch of Vision 2030. Religious tourism (Hajj and Umrah) continues to be a formidable force in the tourism drive and a vital source of the non-oil economy, playing a significant role in the Kingdom’s drive towards a diversified, diverse economy. In terms of value, the religious tourism market stands as the second-largest source of income after hydrocarbons, contributing $12 billion annually to Saudi Arabia’s economy, 20% of its non-oil […]
