What is the Vision for High-Growth Industry? FII7

The discussion delves into Saudi Arabia's pivot towards tourism, despite its wealth from hydrocarbons, highlighting the sector's global significance and potential growth. Vision 2030 aims to boost tourism's contribution to GDP from 3% to 10% by 2030, attracting 100 million visitors. With over $800 billion in investments, Saudi Arabia leads globally in tourism development. Emphasizing sustainability, the country focuses on environmental conservation, social impact, and economic resilience in the sector. Initiatives like wellness centers and vocational training schools underscore Saudi Arabia's commitment to enhancing tourism sustainably. Saudi Arabia's progress in tourism development sets a benchmark for other nations, showcasing rapid growth within the industry.