PREVIEW / STTIM
STTIM courts investors
The annual Saudi Travel Tourism Investment Market highlights opportunities in Saudi Arabia’s growing tourism sector
The Saudi Travel & Tourism Investment Market (STTIM), now in its sixth year, has become a vital platform in bringing more regional and international inves- tors to the kingdom. This year’s event will be held from March 31 to April 4 at the Riyadh International Convention and Exhibition Center (RICEC). Hamad bin Abdulaziz Al Sheikh, Assistant Vice President of Marketing at the Saudi Commission for Tourism & Antiquities (SCTA), said the annual forum has wit- nessed consistent year-on-year growth since it was launched in 2008. In 2013, the event is set to achieve a 20
percent growth in terms of exhibitor partici- pation and floor space compared with 2012. Active marketing and promotional activ- ities are also expected to help boost trade visitor attendance. “Saudi Arabia is an attrac- tive tourist destination for a sizable number of international visitors. This makes invest- ment in tourism projects a lucrative busi- ness, particularly with the efforts led by the government,” said Al Sheikh.
32 /
A vibrant economy and a stable politi- STTIM AT A GLANCE
What: Saudi Travel Tourism Investment Market When: March 31 to April 4, 2013
Where: Riyadh International Convention & Exhibition Center Visit:
sttim.com.sa
cal scene have been fuelling an uptrend in Saudi Arabia’s travel and tourism indus- try. Revenues from the sector accounted for over seven percent of the kingdom’s non-oil GDP and almost 12 percent of the private sector GDP in 2011. In 2012, the industry’s total contribution to the Saudi economy represented 5.4 percent of the country’s overall GDP. In the coming years, the industry is
expected to play a more pivotal role in the Saudi government’s efforts to diversify its petroleum-based economy, attracting over 88 million visitors by 2020. In addition, the World Travel and Tourism Council (WTTC) anticipates the industry will gen- erate an income of more than SAR180.2 bil- lion (US$48 billion) by 2022. The expected growth has opened
up investment opportunities in various segments of the industry from hotel development and management to tourism services and destination promotions, added Al Sheikh.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100