Saudi Arabia’s opens up and begins to issue tourist visas for the first time.
Host Mustafa Alrawi, assistant editor in chief, and future editor Kelsey Warner speak to The National's Ashleigh Stewart, who is in Saudi Arabia as the kingdom launches its tourism industry.
People from 49 countries are able to obtain a 90-day, multiple entry tourist visa for the kingdom. Tourism is a key component of Saudi Arabia’s Vision 2030 programme with expectations to boost international and domestic visits to 100 million a year by 2030.
This will mean an increase of the tourism sector‘s contribution towards gross domestic product to 10 per cent in that time, up from 3 per cent today. This includes major new developments – being termed as ‘giga’ projects: Neom, the Red Sea Project, Qiddiyah, Amaala and Ad Diriyah. This comes as the kingdom’s non-oil gross domestic product grew 2.9 per cent year-on-year, higher than 2.1 per cent rate of expansion achieved in the first quarter of 2019, according to the latest data released by the General Authority for Statistics.
The pick up in non-oil economic growth was the strongest since the fourth quarter of 2015, when Riyadh started putting fiscal consolidation measures in place to counter a three-year oil price slump that began in the middle of 2014.
In this episode
- Introduction (0m 29s)
- Interview with Ashleigh Stewart in Saudi Arabia (3m 31s)
- Mustafa and Kelsey in-studio discussion (17m 54s)
- Headlines (31m 01s)
UAE currency: the story behind the money in your pockets
Defined benefit and defined contribution schemes explained
Defined Benefit Plan (DB)
A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.
Defined Contribution Plan (DC)
A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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