In 2023, the global cruise tourism industry was valued at approximately $6.8 billion. It is projected to grow at a compound annual growth rate (CAGR) of 12.3 per cent from 2024 to 2033, reaching an estimated $21.7 billion
The new measures align with the Kingdom’s Vision 2030 goals to diversify the economy and expand its tourism sector, as reported by the Saudi Press Agency
Announced by GCC Secretary-General Jassem Al Budaiwi on Wednesday, the new visa is part of ongoing efforts to promote greater integration and cooperation among the countries
Globally, the sector’s contribution to the economy is expected to hit $11.7 trillion, accounting for 10.3 per cent of the world’s GDP, and supporting around 371 million jobs
Officially launched by the Minister of Tourism, Ahmed Al-Khateeb, TOURISE seeks to unite leaders from public and private sectors across tourism, technology, investment, and sustainability