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Saudi tourism investments reached SAR 151bn in 2016 - SCTH

Saudi tourism investments reached SAR 151bn in 2016 - SCTH
Investments in Saudi Tourism set to reach SAR 175 billion in three years - (Photo Credit: SCTH Website)

Riyadh - Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) said that investments in the tourism sector exceeded SAR 151 billion, while tourist spending reached SAR 168.3 million by the end of last year.

A report issued by the SCTH on Wednesday indicated that in the next three years, the sector’s investments will grow to SAR 175.5 billion by 2020.

The volume of tourist spending reached more than SAR 168.3 million year-to-date, and is expected to exceed SAR 216 million in the year 2020, as shown by the report’s statistical indicators.