Saudi Public Investment Fund's (PIF) tourism, travel, and entertainment ecosystem aims to capitalise on the growing Saudi tourism industry by developing strategic assets that generate reliable returns, improving air‑connectivity and leveraging world‑class events to attract visitors.
Saudi Arabia's Public Investment Fund (PIF) has approved its 2026-2030 strategy which focuses on transforming PIF’s portfolio of 13 strategic sectors into six integrated economic ecosystems, strengthening the linkages among them and creating a broader spectrum of partnership and investment opportunities for the private sector.
Emirates and Wesgro have signed a Memorandum of Understanding (MoU) to drive inbound tourism and boost visitors to Cape Town and the Western Cape, on the sidelines of Africa’s World Travel Market (WTM).
Travel & Tourism remained the fastest-growing sector in 2025, with WTTC data showing a record $11.6 trillion GDP contribution, 9.8% of the global economy, growing 4.1% and significantly outpacing global economic growth of 2.8%.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
The Maldives will host the World Creator Summit and World Creator Awards 2026, powered by Creatoll, from 20–25 September, bringing global creators, platforms, publishers, and tourism stakeholders together to highlight creator-led storytelling’s growing impact on travel.
GCC Secretary-General Jasem Albudaiwi said rising regional tensions are a major test for member states’ stability and vital sectors, warning tourism could fall by 8–19 million visitors, risking $13–$32 billion in losses.
The Saudi Tourism Authority (STA) and Expo 2030 Riyadh signed a strategic Memorandum of Understanding (MoU) aimed at enhancing joint cooperation in promoting Saudi tourism and attracting visitors to Expo 2030 Riyadh.
The Spring Rose Season in the Wilayat of Al Jabal Al Akhdar, A’Dakhiliyah Governorate, is witnessing growing visitor turnout, reaffirming its status as one of the most prominent tourist seasons in Oman.
Saudi Arabia reported strong domestic tourism growth in Q1 2026, with 28.9 million tourists, up 16% year-on-year, and spending reaching SAR34.7 billion ($9 billion), an 8% increase, highlighting sustained demand supporting the tourism sector.
