Saudi Tourism Growth Reaches New Heights as Investors Converge on Riyadh
RIYADH — The Future Hospitality Summit opened in Riyadh on Monday under the theme “Where Opportunity Meets Capital,” drawing more than 150 speakers and industry leaders to discuss investment and development across the region’s booming tourism sector.
The three‑day event, held at the Mandarin Oriental Al Faisaliah, comes as Saudi Arabia undergoes one of the world’s most significant tourism transformations under Vision 2030. Mahmoud Abdullhadi, deputy minister of tourism destinations enablement, said the Kingdom is “creating new destinations, attracting investment and welcoming visitors from around the globe.”
Opening remarks were delivered by Prince Turki Al‑Faisal, followed by a keynote from Abdullhadi titled “Shaping the Next Chapter of Saudi Tourism.” The agenda covers investment, real estate, wellness, technology, food and beverage, guest experiences, and talent development.
Investor participation has grown substantially. Following the 2025 edition, which generated more than $1.6 billion in business opportunities, this year’s summit has attracted an estimated $4.99 trillion in assets under management from confirmed investors. Major participants include Al Rajhi Capital, Red Sea Global, Majid Al Futtaim Development, New Murabba, and SEDCO Capital.
Organizers say the strong investor presence reinforces the summit’s role as a key meeting point for capital providers and project developers. The event runs until June 24, with sessions designed to examine the most pressing issues and opportunities shaping Saudi Arabia’s expanding hospitality ecosystem.
Also Read:
Trump Says Apple and Intel Will Partner on US Chip Design and Manufacturing
Strait of Hormuz Uncertainty Keeps Oil Prices in Check Despite Peace Talks
