COLLIERS INTERNATIONAL REPORTS THAT BY 2024, THE NUMBER OF SAUDI VISITORS WILL REACH 21 MILLION. THIS IS EXPECTED TO LEAD TO MAJOR CHANGES, INCLUDING IN THE LABOR MARKET.
LAST YEAR, 15.5 MILLION PEOPLE VISITED SAUDI. BY 2024, IT WILL GROW 38 PERCENT TO 21.3 MILLION. THIS IS MAINLY DUE TO THE INCREASE IN TOURIST ARRIVALS FROM GCC COUNTRIES. THE SCENIC LANDSCAPES OF THE COUNTRY AND THE VARIED OFFERINGS OF TOURISTS TO DIFFERENT REGIONS ATTRACT TOURISTS TO THE COUNTRY.
IN ADDITION, THE GLOBAL HOTEL INDUSTRY HAS HIGH EXPECTATIONS IN SAUDI. SOME INTERNATIONAL AND LOCAL COMPANIES HAVE ALREADY BEGUN EXPANDING THEIR BUSINESS IN SAUDI. THE COUNTRY EXPECTS 100 MILLION DOMESTIC AND INTERNATIONAL VISITORS BY 2030. IT IS EXPECTED TO CREATE ONE MILLION NEW JOBS AND INCREASE THE CONTRIBUTION TO NATIONAL GDP FROM 3 PERCENT TO 10 PERCENT.
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