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In January, Saudi Arabia's Public Investment Fund (PIF) issued a US dollar bond, sold Thiqah Business Services for $907 million, and acquired a 23% stake in Saudi Re. The fund also invested $200 million in the SPDR Saudi bond ETF to enhance the Kingdom's debt market. PIF's activities in 2025 included acquiring Niantic’s gaming division for $3.5 billion and reaffirming its commitment to Newcastle United FC. The tourism sector saw a surge in private investment, reaching SR14.2 billion, with 40% from foreign investors, as the Kingdom aims to generate $80 billion by 2030 to diversify its economy. PIF ranked as the second most active sovereign investor globally in February, committing $3 billion across 22 deals, reflecting its strategic shift towards long-term resilience in sectors like healthcare and electric vehicles.
Saudi Arabia's domestic tourism is booming, with a 45% increase in flight bookings during Eid Al-Fitr, driven by improved infrastructure and affordable travel options. The focus is shifting towards immersive cultural experiences and family-oriented activities, as the Kingdom aims to double its accommodation capacity by 2030. Emerging destinations are gaining popularity, highlighting the rich heritage and natural beauty of the region.
Saudi Arabia has welcomed 2.5 million sports tourists over the past four years, driven by 80 international events and a commitment to diversify its economy. The Saudi Arabian Grand Prix exemplifies this growth, generating $240 million and creating 20,000 jobs. With plans for 15 new stadiums and a focus on sustainability, the Kingdom aims to host the 2034 FIFA World Cup, enhancing its status as a global sports hub.
Saudi Arabia has attracted 2.5 million sports tourists over the past four years, driven by 80 international events, including the Saudi Arabian Grand Prix, which generated SR900 million in economic impact. The Kingdom aims to host the 2034 FIFA World Cup, enhancing its role in global sports tourism while investing in infrastructure and sustainability initiatives. With a target of 150 million annual visitors by 2030, Saudi Arabia is committed to transforming its economy and promoting diverse sports participation.
Saudi Arabia has attracted 2.5 million sports tourists over the past four years, bolstered by 80 international events, including the Saudi Arabian Grand Prix, which generated SR900 million in economic impact. The Kingdom aims to host the 2034 FIFA World Cup, investing in infrastructure and sustainability as part of its Vision 2030 goals, targeting 150 million annual visitors by the decade's end. With a focus on youth and women's sports, Saudi Arabia is positioning itself as a global sports tourism hub, enhancing its economic diversification efforts.
Ahmed Al Khateeb
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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