Hospitality hit hard as tourists stay home

25 March 2021
Covid-19 had a devastating impact on the region’s hoteliers in 2020, with North Africa suffering the worst from the collapse in tourism
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MEED.com's April 2021 tourism report also includes:

Outlook is promising for regional hoteliers
Travel industry gears up promotion efforts
> Asir tourism push to buoy construction market
> Seven lets contract for Riyadh entertainment project 

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10 key Public Investment Fund projects
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1. Neom
The $500bn development is Saudi Arabia’s most ambitious project

2. The Red Sea Development Company
Construction work on the Red Sea Project is advancing

3. Qiddiya Investment Company
Work on the entertainment city is due to complete in 2030

4. Amaala
The luxury Red Sea tourist resort is being developed across three integrated sites

5. KAFD Development & Management Company
New elements are planned for King Abdullah Financial District

6. Roshn
Developer is working on nine residential community schemes 

7. Rua al-Madinah Holding Company
Projects planned to increase Medina’s capacity for pilgrims

8. Saudi Entertainment Venture (Seven)
Seven’s first entertainment destination launched in 2019

9. New Jeddah Downtown
Phase one is expected to be completed next year

10. Soudah Development Company
$3bn luxury tourism destination planned for southwest mountainous Asir region 


MEED's March 2021 Saudi Arabia special report includes:

Saudi Arabia plans for debt-driven growth
> Money centre stage in Saudi Arabia’s foreign policy
Saudi banks take stock amid tumultuous conditions
Aramco poised to advance key upstream plans
Tighter spending slows Saudi downstream
Saudi electricity reforms set to show results
Privatisation and PPPs dominate Saudi water
Riyadh readies for urbanisation drive
Saudi PPP projects progress in 2021

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