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Saudi Arabia Vision 2030 discussed in French-Saudi Investment Forum

Saudi Minister of Investment Engineer Khalid bin Abdulaziz Al-Falih

The Ministry of Investment of Saudi Arabia (MISA) is hosting a senior delegation in France, led by His Excellency Khalid Al-Falih, Minister of Investment for Saudi Arabia, as part of the The Ministry of Investment of Saudi Arabia (MISA) is hosting a senior delegation in France, led by His Excellency Khalid Al-Falih, Minister of Investment for Saudi Arabia, as part of the French-Saudi Investment Forum, held in Paris on June 19, as well as other investment focused events.

The forum was opened with remarks from Olivier Becht, Minister for Foreign Trade, Attractiveness and French Nationals Abroad and His Excellency Khalid Al-Falih, Saudi Minister of Investment.

“In 2026, we will be celebrating 100 years of diplomatic relationship between France and Saudi Arabia. Many of Saudi Arabia’s achievements in Vision 2030 will have the fingerprints of French-Saudi partnerships.” said His Excellency Khalid Al-Falih
"Let’s intensify our joint work and develop new joint projects serving both France 2030 and Saudi Vision 2030,” aded Olivier Becht

The first of panel discussion covered opportunities in Kingdom and potential for collaboration between Saudi Arabia and France in tourism and culture, with speakers including Fahd Hamidaddin, CEO, Saudi Tourism Authority; Jerry Inzerillo, CEO, Diriyah Gate Development Authority; Michaël Fribourg, Chairman and CEO, Chargeurs; Fahad AlObailan, AlMosafer part of Seera Group; and Agnes Roquefort, Chief Development Officer, Accor.

Ahmed Al Khateeb, Saudi Arabia Minister of Tourism

“We want to go to 100 million tourists by 2030 and compete with France,” shared H.E Ahmed Al Khateeb, Minister of Tourism

The Minister continued: “I enjoy talking about the capital of tourism Paris. It’s a city more than 90 million people visited in 2019. We want to reach to the France level of GDP contribution. The opportunity is massive.”

In January 2023, the World Travel & Tourism Council (WTTC) declared Paris the world’s most powerful city destination. WTTC analysed key indicators such as travel and tourism’s contribution to GDP, employment and traveller spend – thus putting the city of lights on top.

Burgeoning Saudi Arabia is yet to boast such figures, but has seen immense success since 2019. In the first quarter of this year, the Kingdom had 7.8 million international tourists.

According to the World Tourism Organization (WTO) index, Saudi Arabia secured the 13th position globally among the leading countries in terms of international tourist arrivals in 2022. This marked a significant improvement from its previous ranking of 25th in 2019.

WTO reported that the Kingdom welcomed a total of 16.6 million international tourists in 2022 for various travel purposes.

Making reference to these figures, H.E Al Khateeb said the country is eyeing 30 million international visits this year and by 70 million by 2030.

Saudi Arabia’s admiration for France’s tourism sector isn’t just about the numbers, it’s also about its breadth of offerings.

The Minister said: “Travel and tourism doesn’t only grow economies, it also connects people. When you walk the streets of beautiful Paris, you see many people from different nations, you gather, you socialise."

“Saudi Arabia has everything: Culture, UNESCO sites, we have the beautiful Red Sea coast, we have mountains.”

Following his session at the French-Saudi Investment Forum, H.E Al Khateeb wrote on social media:

“France, with its iconic landmarks, world-class museums, and culinary delights, has welcomed millions of visitors seeking to immerse themselves in its artistic and cultural heritage. Similarly, Saudi Arabia’s breathtaking landscapes, ancient archaeological sites, and warm hospitality have begun to captivate the imaginations of adventurous travellers from around the globe.”



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