Saudi Arabia Holding Co. CIO: Vision 2030 tourism target exceeded

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00:00Ali, it really is a huge focus, isn't it? And a key pillar, as we've been saying, of Vision 2030.

00:08Absolutely, absolutely. Tourism is game-changing for any developing nation.

00:13But if we break this down into some specific numbers for a second, right?

00:18The target within Vision 2030 was to drive 100 million tourists through Saudi Arabia by 2030.

00:26This target was achieved last year and then raised to 150 million.

00:31It's expected that Saudi Arabia may see up to 50 million international visitors by the year 2030.

00:38Now, what does that actually mean?

00:4150 million international visitors could generate anywhere from 70 to 100 billion in direct revenue.

00:47The total economic impact, some studies say, could be up to $150 billion.

00:52It would, at that point, fulfill 10% of the GDP.

00:57And it could employ, again, on estimates, anywhere upwards of one and a half to two million Saudis directly.

01:03So the economic impact is just enormous, enormous of such an industry, if you get it right.

01:09So, you see, I'll see the benefit.

01:10So, if you do do that, you're going to be able to present an industry, if you get it right.

01:11But of course, I'm going to be able to develop a national industry, if you do do that.

01:12What is your real estate in the world?

01:13Now, I'll be able to understand that.

01:13So, I'll be able to help you to other people, because you're going to have a lot of confidence in reality.

01:14And if you're going to give up an international technology, or you can say, note-and-of-world network,

01:18.

01:19So, if you're going to be able to invest in the area, you can say, note-of-world trade,

01:20a big mass-wise, but you can say that's not good enough of that.

01:21So, I'll be able to be able to get it.