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Tourism investment in the kingdom of Saudi Arabia between reality and hope in the vision of 2030 - a statistical study

Author: 
Ezdinisihem, Jawahar Ateeq Abdullah Al-Otaibi and Asrar Khalaf Mnawer Almutairi
Subject Area: 
Social Sciences and Humanities
Abstract: 

Tourism is one of the most important sectors of investment which contribute to raising the gross national product, so developed countries seek to develop this sector. The study aims clarifying the vision of 2030 and highlighting the tourism investment of the Kingdom because of its geographic position and cultural, natural and Islamic resources. It also highlights the most important aspects of tourism investment in the Kingdom, including the services facilities offered to encourage investors as well as employment opportunities, and other activities with an integrated plan to maintain safety, and other aspects that enable tourism investment. The Kingdom of Saudi Arabia is one of the countries that seek developing tourism because of its components. As a result of this endeavor, 2030 was reached to develop and improve the current tourism in the Kingdom and also investment tourism projects linking the two countries of Egypt and Jordan which will contribute creating development and a positive result for three countries. The study confirms the positive effects of tourism investment on national income on the three countries (Saudi Arabia, Egypt and Jordan) between the period (2007-2018). The study also confirmed the positive impact of tourism investments development as a result of the increase in the number of tourists. The study emphasizes the importance of activating tourism projects, including the Neom project, which links together the three countries studied. The study recommended the importance of spreading tourism awareness about the advantages of tourism in the Kingdom, the importance of knowledge to feasibility study to avoid risks in projects, and providing qualified staff related to tourism guidance to guide tourists and expatriates. The study recommends also the management and improvement of services to facilitate services to investors encouraging them to the investment.

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