Tourism Ministry records SAR 22.8 bln surplus from travel payment balance in Q1

Logo of Ministry of Tourism

The Ministry of Tourism stated that the Kingdom achieved a SAR 22.8 billion surplus from the balance of travel payments in the first quarter of 2023.

 

In a statement, the ministry added that this was supported by a nearly 225% surge in inbound tourism revenues compared to the first quarter of 2022, bringing revenues to almost SAR 37 billion.

 

Outgoing tourism expenses amounted to SAR 14 billion in the three-month period, compared to SAR 12.9 billion a year earlier.

 

This reflects the efforts made by the Kingdom to enhance the tourism sector’s contribution to the national economic growth, the ministry said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request