Tourism Minister Ahmed Al-Khateeb said Saudi Arabia licensed more than 475,000 hotel rooms in 2024, up 69% from 2023, strengthening its regional and global tourism position.
Speaking at the Future Real Estate Forum 2025, he said tourism supports other sectors, including real estate, by raising property values and accelerating urban development, according to the ministry’s LinkedIn account.
New tourism hospitality licenses increased by 89%, with more than 4,400 issued in 2024.
The Tourism Development Fund financed over 2,100 projects across Saudi destinations, with investments exceeding SAR33 billion.
The ministry also conducted more than 50,000 inspections last year to ensure quality and international service standards.
