Arab News
Arab
News, Thu, Nov 13, 2025 | Jumada al-Awwal 22, 1447
TOURISE stimulates $113bn in investments at inaugural global summit in Riyadh
Saudi Arabia:
TOURISE stimulated $113 billion in investments to
boost the global tourism sector, accelerate its transformation, and ensure
sustainable growth.
The announcement was made on the first day of the
inaugural TOURISE Summit, launched on Nov. 11, in Riyadh under the patronage of
Crown Prince and Prime Minister Mohammed bin Salman and continuing until Nov. 13
at the King Abdulaziz International Conference Center with the participation of
leading decision-makers, innovators, and global visionaries from tourism and
related sectors.
The milestone reflects TOURISE’s vision to unlock
high-value deal flow by bringing together public- and private-sector leaders
across technology, investment, and sustainability to develop actionable
solutions that enable the tourism sector to meet future challenges and prosper
over the next five decades.
“TOURISE has played a pivotal role in bringing
investors, policymakers, and innovators under one umbrella, turning ambitious
visions into strategic partnerships and high-impact deals that push the tourism
sector to new horizons,” said Minister of Tourism and TOURISE Chairman Ahmed Al-Khateeb.
“Together, we will reshape the future of the
traveler economy — powered by AI, committed to destination excellence and
experience quality — to ensure sustainable growth and broaden opportunities
across the entire ecosystem,” he added.
Some of the international and local companies that
announced portfolios as part of the $113 billion include Melia Hotels, BWH
Hotels, GOCO Hospitality, and Cenomi, Radisson, as well as Earth Hotels, Delonix,
and Ocean Link. AlFozan Holding, Al Kathiri Holding, Al Othaim, and Knowledge
Economic City were also among the entities announcing their portfolios.
The investments will reinforce infrastructure
development and human-capital building, while deploying advanced technologies in
data, design, and hospitality — raising global standards, enhancing the visitor
experience, creating quality jobs, and delivering exceptional, purpose-driven
experiences across the Kingdom.
Together, these initiatives underscore the
Kingdom’s position as a leading global hub that combines cultural heritage with
innovation and world-class hospitality, strengthening competitiveness and making
Saudi Arabia a preferred travel destination worldwide.