Saudi Arabia announces record-high spending by inbound visitors in 2023

The ministry reported a tourism balance surplus of approximately 48 billion Saudi Riyals for 2023, surpassing the 34.9 billion Saudi Riyals recorded in 2022.  

1 min read
Photo taken on Nov. 6, 2021 shows a view of the winter wonderland in Riyadh, Saudi Arabia. (Xinhua/Wang Haizhou)

The Saudi Tourism Ministry announced on Saturday that the kingdom witnessed a record-high spending by inbound visitors in 2023, totaling 135 billion Saudi Riyals (36 billion U.S. dollars).

In a post on the social media platform X, the ministry said the figure marked a notable increase of 42.8 percent compared to 2022, when inbound visitors spent 94.5 billion Saudi Riyals.

Meanwhile, the spending of the kingdom’s outbound visitors rose to 86.9 billion Saudi Riyals in 2023, up from the 59.7 billion Saudi Riyals in 2022.

The ministry reported a tourism balance surplus of approximately 48 billion Saudi Riyals for 2023, surpassing the 34.9 billion Saudi Riyals recorded in 2022.  

Xinhua News Agency

Founded in 1931, Xinhua News Agency is one of the largest news organizations in the world, with over 10,000 employees across the globe. As the main source of news and information for China, Xinhua plays a key role in shaping the country's media landscape and communicating its perspectives to the world. The agency produces a wide range of content, including text news articles, photos, videos, and social media posts, in both Chinese and English, and its reports are widely used by media organizations around the world. Xinhua also operates several international bureaus, including in key capitals like Washington, D.C., Moscow, and London, to provide in-depth coverage of global events.

Leave a Reply

Your email address will not be published.

Latest from Blog