Saudi Arabia’s GDP to reach $1.86tr by 2030, Al-Falih predicts

RIYADH: Highlighting the investment potential of Saudi Arabia, Investment Minister Khalid Al-Falih on Sunday predicted the Kingdom’s gross domestic product to reach $1.86 trillion by 2030.

Speaking at an investment forum in Riyadh with Greek ministers, Al-Falih said the National Investment Strategy will launch direct investment opportunities worth $3.27 trillion until 2030. 

He also talked about the potential of the Kingdom’s tourism sector. 

“By 2030 the aim is to have 500,000 hotel keys, most of it will be new, and 100 million visits per year and, of course, that (also) covers religious tourism which is quite substantial as well as domestic tourism and international tourism,” said Al-Falih.

He noted the Kingdom expects the tourism sector to contribute between 10 and 15 percent to the overall GDP by 2030.