• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Middle EastFortune Global Forum

Saudi Arabia wants to become a tourist hot spot and is building 300,000 new hotel rooms to get there

Angelica Ang
By
Angelica Ang
Angelica Ang
Writer
Down Arrow Button Icon
Angelica Ang
By
Angelica Ang
Angelica Ang
Writer
Down Arrow Button Icon
October 30, 2025, 12:25 PM ET
H.E. Ahmed Al Khateeb, Minister of Tourism of the Kingdom of Saudi Arabia, speaking at the Fortune Global Forum on  Oct. 26.
H.E. Ahmed Al Khateeb, Minister of Tourism of the Kingdom of Saudi Arabia, speaking at the Fortune Global Forum on Oct. 26. Iman Al-dabbagh for Fortune
Add Fortune on Google for similar content.

After years of relying heavily on its oil and gas industries, Saudi Arabia now wants to become a tourist destination. The Middle Eastern country, which had a GDP of $1.4 trillion in 2024, opened its doors to international leisure tourists in 2019, after years of only allowing travel for business, religious or family purposes.

Recommended Video

“We are unlocking the value of this great country. We have a lot to offer to the world,” Saudi Arabia’s first tourism minister H.E. Ahmed Al Khateeb said at the Fortune Global Forum in Riyadh. “We want travelers to come and experience the Saudi hospitality, enjoy our coffee and food, and learn about Arabian culture.”

Al Khateeb pitched tourism as a way “to open new jobs—for youth, for women—and to diversify our economy and make it more sustainable.”

Saudi Arabia outlined its development goals in a government program called Saudi Vision 2030. Announced in 2016, the policy seeks to diversify Saudi Arabia’s economy, society and culture, in line with the vision from Crown Prince Mohammed bin Salman. 

The country reported a record 116 million tourists in 2024, up from 80 million in 2019. Saudi Arabia now hopes to attract 150 million visitors annually by 2030. Al Khateeb noted that around half of the country’s visitors come for religious purposes—like those completing the hajj pilgrimage—and said he expected the proportion to drop further. 

Saudi Arabia also plans to host large-scale events like the 2029 Asian Winter Games, the 2034 FIFA World Cup. The country will also host the United Nations Tourism General Assembly for the first time later this year. 

Al Khateeb noted that the country needed “additional airplanes and air carriers,” and so established Riyadh Air in 2023. The minister added that the gulf nation is also building new airports, such as the King Salman International Airport, which will serve commuters flying into Riyadh and add over 300,000 new hotel rooms by 2030.

Delta Air Lines is launching non-stop flights between Atlanta, Ga., and Riyadh beginning October 2026, in what will be the first-ever direct flights between the U.S. and Saudi Arabia. “It’ll start slow, but I believe it’s going to gain popularity,” Delta CEO Ed Bastian said on Monday at the Global Forum. 

On Oct. 26, Riyadh Air also started its first-ever daily flights between Riyadh and London, though seats are currently limited to employees and select guests. 

Despite the massive buildout, Al Khateeb assured the crowd that protecting the natural environment remains a foremost concern of Saudi Arabia’s government.

“Sustainability is very important for any country. Therefore, we have been preserving all our destinations, whether the mountains in the south or the beautiful islands in the Red Sea,” he said.

The minister cited the country’s 2021 launch of the Sustainable Tourism Global Center—a multi-country initiative to accelerate the tourism industry’s transition to net-zero emissions—as an example of its commitment to green development.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Angelica Ang
By Angelica AngWriter

Angelica Ang is a Singapore-based journalist who covers the Asia-Pacific region.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Middle East

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Middle East

Gulf bond markets extend their rally despite uncertain outlook
NewslettersFortune Gulf Brief
Gulf bond markets extend their rally despite uncertain outlook
By Melissa HancockJune 30, 2026
9 hours ago
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
Middle EastBonds
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
By Melissa HancockJune 30, 2026
9 hours ago
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
PoliticsIran
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
23 hours ago
Photo: Kevin Warsh
EconomyMarkets
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
1 day ago
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
EnergyOil
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
By Jason MaJune 28, 2026
2 days ago
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
PoliticsIran
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
2 days ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
21 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago
Current price of oil as of June 29, 2026
Personal Finance
Current price of oil as of June 29, 2026
By Joseph HostetlerJune 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.