Inside Saudi Arabia’s $800 Billion Travel Destination Transformation | Forbes

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Saudi Arabia is on a massive building spree-creating private islands, luxury hotels, theme parks, cruise ports, and even a desert ski resort. The question remains: If they build it, who will come?
It can be difficult to visualize the vastness of Saudi Arabia’s physical transformation. Some of the most notable ongoing projects-including Sindalah, a 7-star private island, and Trojena, an improbable desert ski resort-fall within NEOM, a $500-billion built-from-scratch region in northwest Saudi Arabia where the Kingdom is creating new cities, resorts and other developments. Bankrolled mainly by the Kingdom’s $700-billion Public Investment Fund (PIF), the idea for NEOM was born out of Vision 2030, Saudi Arabia’s grand plan to shake off its historic reliance on oil and diversify its economy, reinventing the country as a global tourism juggernaut.
Euromonitor predicts that international tourists will spend $38 billion in 2030. But the total economic impact for Saudi Arabia will be far greater after adding in domestic travelers’ expenditures and the ripple effect of one million new tourism jobs. The World Travel & Tourism Council projects that, by 2032, Saudi Arabia’s tourism sector could contribute nearly $169 billion to its GDP, representing 17.1% of the total Saudi economy.
00:00 Intro
00:24 New Cities, Resorts, and Hotels
02:05 Saudi Arabia’s Tourism Moonshot
03:09 Foreign Travelers in Saudi Arabia
04:39 Preparing For The Future
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Опубликовано:

4 июн 2024

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Комментарии : 479

@user-rs7km6ke9q 13 дней назад

نفتخر بالسعوديه 🇸🇦❤

@Mister_Rooster 3 месяца назад

Why does this whole segment feel empty like Suaid Arabia payed for it?

@DbdnSbxbzb 13 дней назад

الحمدالله ربيًً على النعم التي أنعمت بها. الارض المقدسه

@jamaljames2578 3 месяца назад

Always watching from Georgetown Guyana south America 🇬🇾🇬🇾🇬🇾

@darkmatter5424 3 месяца назад

This like Saudi Arabia policy makers waking up and suddenly wanting to be the next Dubai. 😅

@reemreem3674 3 месяца назад

So? the being developmen and you keep being envious 😅

@user-mq3kl1xo3w 2 месяца назад

You are envious

@noonwraith401 7 дней назад

Dmb fck.This was planned long ago.

@---dx4ut 2 дня назад

Who said we want to be Dubai? Who said development is restricted to a city? Dubai lacks of UAE’ identity unlike KSA cities. Our future is unique in all aspects.

@GlimpseGetaways 3 месяца назад

If you're planning a trip ask about complimentary hotel stays. Rather than have a vacant room they hotels will offer these complimentary stays in hopes you spend in other ways

@othosos 3 месяца назад

It's very obvious that Saudi Arabia knows something we don't. Oil economy is on it's way out and they are replacing it with tourism. This should be the bigger news here, What does the Saudi's know about the future of Oil?

@chrism.1131 3 месяца назад

With VR… We won't need to actually go there.

@AbdikarimMohamed-fh8jo 3 месяца назад

Go watch mbs views on future of oil

@Ruder6163 3 месяца назад

All the Arab Oil states in the have been trying to shift their economy for sometime now. The biggest success is Qatar and the UAE. Imam has done a decent job as well. They’ve know the dominance of fossil fuels come to an end. Saudi Arabia couldn’t shift their economy due to the extreme conservatism in the state. They’re doing a better job lifting that though.

@SamMloome 3 месяца назад

oil is going nowhere. maybe less daily output but just look at the EV reversal lately

@caleb9231 2 месяца назад

The earth makes more oil through chemical reactions than we use. Oil is not going anywhere.

@SirMatt1216 6 дней назад

I would be really glad to visit Saudi Arabia as it will be really near to me.Maybe I would visit it every 2-3 years if it turns out great!

@fakhriirwan7499 20 дней назад

ماشاءالله تبارك الله

@user-yl7ik8bt4k 14 дней назад

خطوه جيده بالتوفيق

@adamcheklat7387 3 месяца назад

5:06-5:14: I had that same thought as well.

@Hjw511 3 месяца назад

I'm lk glad we have countries with a massive, sandy canvas and a ton of oil to create whatever they want on it.

@JoshuahnJackstonburg 3 месяца назад

One thing that is sort-of interesting though - there seems to be no fear of sea-level rises amid spending countless billions on new beach cities, fake islands etc. No extra beach building either. The same has been and still is the case in UAE, Bahrain and Qatar. Come to think of it - all over the world where there is no tectonic plate (crustal) subduction or subsidence - this is the case.

@muazunais2378 3 месяца назад

There's already technology to fight that just dig the sea and beach it more

@JoshuahnJackstonburg 3 месяца назад

@@muazunais2378 Dig the sea!!??😂

@muazunais2378 3 месяца назад

@@JoshuahnJackstonburg seems like 1st world country education is far backwards lmao, the sea levels does increase but it's just couple of millimeters and centimeters an year but that can easily fought back by land reclamation that's what most countries do including the maldives.

@JoshuahnJackstonburg 3 месяца назад

@@muazunais2378 Yet they don't - so 1st world education is lying.

@muazunais2378 3 месяца назад

@@JoshuahnJackstonburg cuz still there isn't a need to reclaim land, when the need arrives the government will decide on that

@ronwalker3726 3 месяца назад

I was born there. Embrace petroleum or starvation- 'sand will cover this place. sand will cover you'- Frank Herbert

@adamsaciid4919 3 месяца назад

Nonsense 😂

@hussammoh3791 3 месяца назад

ungrateful

@user-hi9cl6vt4c 2 месяца назад

And water will flood ur country😂

@rioluna6058 2 месяца назад

Yes I know floods Will be a problem for my country.. Will try to Make artificial lakes... But right now we are in a drought... The last 9 months have been récord breaking temperatures this summes you Will feel it too. Things are starting to change... @@user-hi9cl6vt4c

@Brennanoliver775 3 месяца назад

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

@AaronZak-js 3 месяца назад

The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@MorganGarner-bk 3 месяца назад

It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.

@MorganGarner-bk 3 месяца назад

@@LucaHolloway- One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.

@hussammoh3791 3 месяца назад

Well done Saudi Arabia. Such a great vision a new market and will benefit everyone.

@NadaAwad-ge3lo 17 дней назад

رائعه

@user-vi8xp8rw2s 14 дней назад

Amazing

@collinsmbaka 3 месяца назад

the middle east is really having a moment. it's beautiful to watch. Africa, when will you wake up? 😢

@zm_headhunter 3 месяца назад

Why are you talking about Africa as a one unified country?

@user-rg9ox7zb1d 21 день назад

روعه للغايه

@abulkalamazad7871 20 дней назад

The new city Saudi Arabia scored beautiful nice excellent Project mission 2030

@sharafatbaba2026 18 дней назад

Mashallah beautiful ❤️

@morshedalam8705 15 дней назад

Wow❤

@user-pb4xl4eu7m 16 дней назад

Nice

@louayalareedy4513 14 дней назад

nice

@Imteaz22Ahmad 14 дней назад

Nice Video

@chuchu8215 3 месяца назад

Liquor is still banned.

@kayn6858 3 месяца назад

It will be legalised soon

@moonvenerable7897 3 месяца назад

good

@jerrynadler2883 3 месяца назад

yes. freedom= being able to get drunk and eating pork.

@righteousone1 3 месяца назад

@@jerrynadler2883 Also your exwife taking your home, money and children.

@MM-zo7q 3 месяца назад

@@righteousone1 Don't forget being eternally indebted to the State to get a degree.

@ackeemsmith4637 3 месяца назад

Wait a second why does this sound like a advertisement

@Rebottersiszer 3 месяца назад

Thats quite a travel destination! GJ!

@user-wt9tb7en5l 17 дней назад

ماشاء الله تبارك الله

@gilkin6328 3 месяца назад

Under the Vision 2030 plan, Prince Mohammed has brought in several multibillion-dollar projects to put Saudi Arabia on the map for innovation, tech and youth-driven initiatives."We have big opportunities in front of us in different sectors and we have to exploit them to continue to grow and prosper," he said on the Liwan Al Mudaifer Show.

@omarmontes90 3 месяца назад

Estimates are far over valued. The natural reserves of oil are expected to run out in the next 5-10 years. If they are spending everything they have on these projects I don't think the country can be sustainable and some projects will be left underdeveloped like UAE. Also if everything is luxury who can afford to visit?

@Fahad-be6nx 7 дней назад

Saudi Arabia will benefit from oil for many decades, even if they do not depend on it like before

@user-xb6gf3py8u 16 дней назад

عظيم جدن رائعه للغايه

@pharmaNutshell. 11 дней назад

Saudi Arabia ❤ is one of the best places that you can ever imagine to visit❤️. Saudi Arabia you will meet kind and respectful people from all over the world 🌎 dealing with you with the full hospitality you can ever thought you’re gonna have❤️.

@DbdnSbxbzb 13 дней назад

تحول المملكه. بشكلً. كبير لما حباها الله عزوجل. من خيرات

@myelocake7 3 месяца назад

zero desire to visit countries were human rights are violated

@ahmedeisa4785 3 месяца назад

WEST?

@sak30 18 дней назад

Better avoid all countries then and live in your basement.

@user-ne5jm1ug6q 14 дней назад

ماشاء الله ❤️.

@user-sy7dv8od9b 15 дней назад

رائع

@dksharron 3 месяца назад

Saudi Arabia is like Phoenix without cold beer.

@DbdnSbxbzb 13 дней назад

في النهايه اقول. الحمدالله

@sosshoq8571 16 дней назад

Wooow this saudi arbia

@matthewdower5383 8 дней назад

There is no way they will get these numbers, not when a simple tourist visa costs $131 or more.

@Koeweit Месяц назад

Suddenly everybody in the comment section become experts in politics, economics, tourism and even geologists and want to teach the Saudi government how to do things better *SMH*

@anam.caballerowilson9421 3 месяца назад

❤Can't wait Great Secret History, Martian landscape

@chrisballUKtoNZ 6 дней назад

38 mil tourists spending 1k each by 2030 doesn't scream luxury 7 star to me

@htaf1664 18 дней назад

❤❤روعه

@sergejf3742 9 дней назад

What I do not understand is the long term ROI of such massive investments knowing that based on the World Bank climate projections for Saudi Arabia, the maximum daily temperature in the Summer could hit nearly 51 degrees Celsius taking into account a moderately bad pathway. Do planners expect tourists to stay indoors during their entire stay in the kingdom?

@jazzlondon1634 3 месяца назад

Saudi Arabia will be a tourist destination par excelence. The world will be surprized at what the Saudis are building now. It's a matter of time only. Wait and you will see. Best of luck and keep going. Greetings from an Algerian in London.

@nickg2561 3 месяца назад

Nothing there appeals to me. They should invest into industry and education instead of trying to impress outsiders

@aabdul4323 3 месяца назад

Well thats show how close minded you are I suggest you educate yourself

@samuelhoran7898 3 месяца назад

They're already doing all of that.

@chillout914 3 месяца назад

they already did they have good universties still industry yes they need to do more

@NadidLinchestein 3 месяца назад

They already have the best universities in the Middle East

@___Truth___ 3 месяца назад

The point of education is that future intelligencia can come up with ideas, tools, and technologies that would expand & multiply the productivity of a country, not that the point of education is to just host good universities

@user-mo9qx5cq9e 17 дней назад

رايع

@Trumppower 3 месяца назад

I think they are expecting more Guests from Israel lol

@AbdikarimMohamed-fh8jo 3 месяца назад

Israel and entire world

@zm_headhunter 3 месяца назад

I can go as far as saying that they are preparing to start a demographic change in the north and give the land to Israel

@rasplay5761 3 месяца назад

what was this glass wall in the desert?

@rayanalzahrani8756 3 месяца назад

The line

@LookingAround354 3 месяца назад

Are they building a bone saw museum too?

@zapfanzapfan 3 месяца назад

The MBS museum...

@ArabianQuirkSA 3 месяца назад

That’s hypocritical coming from you

@tropicalblum 3 месяца назад

I would love to go, but I do like my cocktails 🍸

@user-nh3ec3db3c 3 месяца назад

When its done , it will be avalible

@theindubitable 3 месяца назад

There will not be same laws applied as in rest of Saudi.

@hxhshow9 3 месяца назад

stay home then

@MM-zo7q 3 месяца назад

Kindly stay where you are

@cormaconeill6619 3 месяца назад

Lol...

@piegangxbankroll8970 3 месяца назад

Built for the rich by the rich sad

@tarekalmaamoun 16 дней назад

Nice country

@user-yh7ds6dv2f 16 дней назад

عظيم جدا

@DbdnSbxbzb 13 дней назад

الخدمات التي تقدمها المملكه. للشعب بل لكافة الوافدين اليها

@abdur_rahim_nil 19 дней назад

Good content ❤

@rt-a2005 3 месяца назад

Their grandfather and great grandfathers were camel riders and they will also eventually turn into camel riders.

@chrism.1131 3 месяца назад

But… They will be riding virtual camels.

@aabdul4323 3 месяца назад

Couldn’t be more proud 😍 🐪

@NadidLinchestein 3 месяца назад

Nah, we ride Rolls royce and you can stay homeless

@aabdul4323 3 месяца назад

@@NadidLinchestein Good for you, guess who controls your gasoline

@AbdikarimMohamed-fh8jo 3 месяца назад

Camel ridding is wrong now? We use to ride camel and horses and we are ready to embrace the future why don't you want us to devolope?

@muradelissaoui6390 3 месяца назад

Amazing! Just on time. I mean the dollar domination could come to an end. There is a great resistance of maintaining the actual system which lead to a huge gap in equity across the world. lack of development in countries where purchase of gasoline is almost impossible.

@jar1286 3 месяца назад

Soy español pero me gustaría ir a Arabia

@naar7192 3 месяца назад

Bienvenido!🎉🎉🎉

@DbdnSbxbzb 13 дней назад

رائعه المملكه العربيه السعوديه. بلاد الحرمين الشرفين

@Khanate1923 3 месяца назад

This will unfortunetly will not work

@rollericarus 3 месяца назад

That’s what they said abt Dubai…

@rollericarus 3 месяца назад

@@piegangxbankroll8970 right? Terrible. They don’t have anything that sets them apart like man made islands or beautiful high rise buildings. Could be a great city but they lack these essentials.

@NadidLinchestein 3 месяца назад

Well unfortunately for you, they're already one of the richest countries in the world. Turks crying left and right

@NadidLinchestein 3 месяца назад

@@piegangxbankroll8970 Yeah it's very good, if you can't afford then don't bark

@piegangxbankroll8970 3 месяца назад

@@NadidLinchestein you probably barking cause a dog

@jar1286 3 месяца назад

Quiero decir, un solo megaproyecto q valga 800 mil millones €???

@ebbeb9827 3 месяца назад

I swear a child running Saudi Arabia would be able to invest the oil money more wisely

@phoenix5054 3 месяца назад

A child is running Saudi.

@anthonyk423 3 месяца назад

I highly doubt Saudi Arabia gets a lot of tourist with the way the run the country and their religious police. Most people would rather go to the already established and more friendly UAE.

@AbdikarimMohamed-fh8jo 3 месяца назад

Saudi recieved more visitors than uae I would like to go both saudi and uae

@Anonymous-wy5dc 3 месяца назад

This is incorrect, Saudi is booming with tourists.

@anthonyk423 3 месяца назад

@@AbdikarimMohamed-fh8jo that’s mostly because of Islam’s 2 holy sites in Mecca and Medina but Saudi Arabia doesn’t make anywhere near to what the UAE makes from tourism.

@anthonyk423 3 месяца назад

@@Anonymous-wy5dc it’s a big difference between tourist coming to visits it’s holy sites for religious reason and people coming to the country for vacation and to spend money.

@AbdikarimMohamed-fh8jo 3 месяца назад

@anthonyk423 so in 2023 17 million visited for Riyadh season not for realigious and also if 17 million visited for Riyadh season how much do you think after everything is established in 2030?

@AlexD5241 3 месяца назад

Hmm, looks cool but my concern is the demand, are there enough wealthy travelers in the world to populate these resorts? I think not, more and more, at least Americans, are sinking into poverty, lower and middle class people (85% of the population) can NOT afford to travel, so I think these tourism and resort investments will not get the return they're seeking.

@deserteffect1001 3 месяца назад

Ma man, you are actually falling for the media videos of that. The numbers and percentages tell a different story. Of course, not denying that there are financial issues in USA for example, for Americans, but there are millions of middle class and above, just in USA, without mentioning other countries in the world that also have big numbers.

@aqdalati 3 месяца назад

So KSA has money for this but have a completely privatised system for most social services. K

@user-vi8xp8rw2s 14 дней назад

I like it

@CapitalismInspired 3 месяца назад

The religious police were disbanded years ago and the rules for women has progressed dramatically. Women are not required to cover their heads - go around RIyadh, see it for yourself. Women are engaged in the work force, education and are Chairpersons of many of these large projects. Doctors, lawyers, bankers, financiers and the like - women abound. Go there - speak to people - hit the ground, and then talk. I am an Australian national and was blown away - where perception meets reality, understanding emerges.

@gilkin6328 3 месяца назад

“We want to live a normal life. A life in which our religion translates to tolerance, to our traditions of kindness,” he told international business leaders at a conference in Riyadh last year.

@alastaircv 3 месяца назад

Zero chance of me giving KSA one cent of my tourism spend anytime soon.

@mahmoudbouaziz3797 3 месяца назад

Oo please they need your money

@user-nf3zv6sp7k 3 месяца назад

You can't afford saudi 😂

@KRIPSYNODUTS 3 месяца назад

@@user-nf3zv6sp7k so far Saudi is so affordable, nothing great there so far and very boring place. Hope it changes in a decade as lot of them ready ready to make a profit (we missed that in Dubai but made good profit from Qatar before WC and hope to replicate the same from Saudi soon). Hope soon Saudi will be liberal like Dubai ,without that it’s just be like Qatar.

@jevonwilliams4579 3 месяца назад

Yeah real talk i dont like saudi arabia

@gustavoritter7321 3 месяца назад

I doubt you have any tbh

@mahmoudattia4852 21 день назад

Saudi Arabia will a worldwide destination soon with the varieties available from nature to religion

@EthanZoid 3 месяца назад

It’s like they never heard of climate change lol😂

@podfestt 3 месяца назад

Really 800 billion, correct it😂

@user-kv9wd6ie4f 20 дней назад

2:01

@brisildoahmeti5559 3 месяца назад

You build it , people will come .

@mathieudumoulin3383 3 месяца назад

Saoudi Arabia doesn’t want to rely on oil, but they bet on international tourism ? 😅

@keithframe3489 3 месяца назад

They're trying, but people are not convinced. they need to get rid of islam first.

@zapfanzapfan 3 месяца назад

I think they overestimate the number of millionaire travelers.

@javierjp8549 3 месяца назад

@KashifAli-ws4qm 14 дней назад

Innovation and technology is prerequisite to ensure secure economic future of the major nations which saudi lacks

@kaa478 3 месяца назад

A city for esports and gaming....

@user-rg9ox7zb1d 21 день назад

تقدم افضل

@sharonlee7111 3 месяца назад

All of that construction and they don't have sewers😮

@user-nf3zv6sp7k 3 месяца назад

Like Detroit? 😂

@chuckscott-cy7iq 3 месяца назад

They use women as sewers : )

@nashemee2573 3 месяца назад

@@chuckscott-cy7iq this is not the western baby where woman starting OF etc 😂😂😂😂

@AbdikarimMohamed-fh8jo 3 месяца назад

Why need sewer when you can have burj khalifa

@chuckscott-cy7iq 3 месяца назад

@@nashemee2573 All wn are the same : )

@roberths7282 10 дней назад

Without alcohol most people won’t want to visit

@paul2081ok 3 месяца назад

I’m impressed with S.A. Airports because they have cafes that serves genuine Middle East Cuisine Not expensive!

@linuskarlsson9449 3 месяца назад

So, when are they opening Jurassic Park??

@sojournbythomsevilla 3 месяца назад

Very sustainable duh

@MrkillerMoon 17 дней назад

Not gonna lie but this interesting

@timschondorfer3814 3 месяца назад

"Allegations of human rights abuses" You should be ashamed, Forbes. Bet the saudis paid really well for that hard hitting piece of journalism

@KRIPSYNODUTS 3 месяца назад

Time for democracy in Saudi Arabia, let them build all these projects first.

@dreambuilds3104 3 месяца назад

Lol

@JoshuahnJackstonburg 3 месяца назад

Hahaha 😂

@AbdikarimMohamed-fh8jo 3 месяца назад

So you will destroy it and blame islamist

@KRIPSYNODUTS 3 месяца назад

@@AbdikarimMohamed-fh8jo the common people will do it, who wants to live under a king like old times. Kingdom must go and it will, they only can delay it for few more decades.

@AbdikarimMohamed-fh8jo 3 месяца назад

@@KRIPSYNODUTS thank you but all Saudis support the kingdom and i hope it stays like that forever and we don't want American democracy which courses death and destraction

@patriots101 3 месяца назад

But there's no Aman Hotel

@48162342 3 месяца назад

Some places no one with a functioning brain would go to include: Russia, Israel, North Korea, Saudi Arabia and Florida.

@TheAllstar420 3 месяца назад

'Who will come?' - Not me, I won't have anything to do with that backwards part of the world.

@veronicafranco5539 2 месяца назад

I don't think you could afford it anyway 😢.

@sak30 18 дней назад

Who wants to see you anyway?

@YorktownUSA 3 месяца назад

Not giving this oppressive country a dime on tourism until they lossen up a bit.

@adamsaciid4919 3 месяца назад

Doyou think the Fake human rights in usa😮bro wake up this is saudi arabia

@AbdikarimMohamed-fh8jo 3 месяца назад

24 million visited and 100 million will visit in the future so joke on you

@zm_headhunter 3 месяца назад

I'm neutral and I would like to know what do you mean by loosen it up ?

@greendsnow 3 месяца назад

Thanks for the ad but I don't support terrorism.

@ahmedeisa4785 3 месяца назад

WEST?????

@sak30 18 дней назад

All you can afford is your doghouse.

@seasong7655 3 месяца назад

You could find the generic luxury hotels and car centric city design everywhere. There's literally no reason to travel there. If you want to attract tourism you need have a culture first

@zm_headhunter 3 месяца назад

I consider myself to be neutral, but I wonder what do you mean by culture?

@deserteffect1001 3 месяца назад

And they do have a very rich culture and it is embedded in almost every city of the kingdom. Go to Najd or Dirriya where the kingdom started almost 300 years ago.