Saudi Arabia is gearing up for a major expansion in its hospitality sector by developing 315,000 hotel rooms by 2030, swelling to become larger than Dubai’s current 140,000 keys, according to global property consultancy Knight Frank.
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More than USD1 trillion worth of real estate and infrastructure projects, including 315,000 hotel keys, are under development or in the pipeline in the Kingdom of Saudi Arabia, underpinning the ambition set out in the country’s Vision 2030 strategy, according to industry experts speaking ahead of the upcoming Future Hospitality Summit (FHS) Saudi Arabia, taking place at the Al Faisaliah Hotel in Riyadh, 7-9 May 2023.
RIYADH: More than $1 trillion worth of real estate and infrastructure projects, including 315,000 hotel rooms, are under development or in the pipeline in Saudi Arabia, according to industry experts speaking ahead of the upcoming Future Hospitality Summit Saudi Arabia to be held in Riyadh from May 7 to 9. The number of hotel keys is likely to almost double to around 200,000 in