Saudi Arabia announces record-high spending by inbound visitors in 2023 - Capital Business
Connect with us

Hi, what are you looking for?

Kenyans in the diaspora continue to make significant contributions to the socio-economic development of the country through the remittances

World

Saudi Arabia announces record-high spending by inbound visitors in 2023

Published

RIYADH, March 30 (Xinhua) — The Saudi Tourism Ministry announced on Saturday that the kingdom witnessed a record-high spending by inbound visitors in 2023, totaling 135 billion Saudi Riyals (36 billion U.S. dollars).

Click here to connect with us on WhatsApp

In a post on the social media platform X, the ministry said the figure marked a notable increase of 42.8 percent compared to 2022, when inbound visitors spent 94.5 billion Saudi Riyals.

Meanwhile, the spending of the kingdom’s outbound visitors rose to 86.9 billion Saudi Riyals in 2023, up from the 59.7 billion Saudi Riyals in 2022.

The ministry reported a tourism balance surplus of approximately 48 billion Saudi Riyals for 2023, surpassing the 34.9 billion Saudi Riyals recorded in 2022. 

Visited 3 times, 1 visit(s) today
In this article:, ,

More on Capital Business

Lifestyle

One of Nigeria’s richest men set to be buried in Saudi Arabia

JUNE 30 – One of Nigeria’s wealthiest businessmen, Aminu Dantata, is set to be buried in Saudi Arabia after he died on Saturday in...

June 30, 2025

Lifestyle

Trump heads to Saudi Arabia eyeing more investment in US

MAY 12 – With US President Donald Trump due to visit Gulf states this week, a key focus will be securing significant new investment...

May 12, 2025

Kenya

Saudi Arabia, Canada, China top visa destinations for Kenyans: VFS Global

NAIROBI, Kenya Sept 17 – Visa applications processed by VFS Global in the country have now reached 80 percent of the total requests done in...

September 17, 2024

World

Saudi Arabia’s FDI net inflows grow by 5.6 pct in Q1

RIYADH, June 30 (Xinhua) — Saudi Arabia announced Sunday that foreign direct investment (FDI) net inflows grew by 5.6 percent in the first quarter...

July 1, 2024

World

Saudi Arabia to sell 0.64% Aramco stake worth over $10bn

RIYADH, May 30 (Xinhua) — The Saudi Arabian government on Thursday announced that it would sell a new stake in state oil giant Aramco...

May 31, 2024

Energy

Saudi Arabia announces major increase in reserves of gas, condensate

RIYADH, Feb. 25 (Xinhua) — Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud announced Sunday that a significant additional amount of gas and...

February 26, 2024

Health

Kenyan nurses in Saudi Arabia to earn over Sh150,000 monthly

NAIROBI, Kenya, Jan 28 – Kenyan nurses deployed to work in Saudi Arabia will be paid a minimum of Sh150,000 in monthly salary following...

January 28, 2024

Kenya

Saudi Arabia is an important partner in energy and trade

NAIROBI, Kenya, Nov 11 – William Ruto has called for enhanced collaboration between Saudi Arabia and Africa in the development and sustainable exploitation of...

November 11, 2023