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Riyadh, Saudi Arabia – In a major milestone, the World Journey & Tourism Council (WTTC) and the Ministry of Tourism of Saudi Arabia have introduced the extension of their partnership by means of the signing of a Memorandum of Understanding (MoU).
This historic settlement, follows final 12 months’s profitable International Summit in Riyadh and underscores the Kingdom’s dedication to additional improve its Journey & Tourism sector.
Saudi Arabia is committing a staggering $800 billion to unlock the total potential of its breathtaking landscapes and cultural treasures for travellers worldwide. This landmark settlement unites non-public and public sectors in a concerted effort to craft a sustainable blueprint for development.
The MoU, signed in the present day throughout the Kingdom’s World Tourism Day occasion in Riyadh, solidifies the collaboration between WTTC and Saudi Arabia, specializing in advancing key aims, together with the promotion of job creation, expertise growth, and world enterprise alternatives inside Journey & Tourism.
Via the signing of this MoU, WTTC and the Ministry of Tourism of Saudi Arabia embark on a brand new chapter of cooperation, uniting our experience to form a affluent future for the Journey & Tourism sector.
Collectively, we are able to proceed to create a strong synergy that can open doorways to countless alternatives, benefiting travellers, companies, and locations alike. Julia Simpson, WTTC President & CEO
Yesterday’s extension of our partnership with WTTC marks a major milestone in our journey in direction of a extra sustainable tourism sector. This collaboration highlights our dedication to fostering world enterprise alternatives and expertise growth while underlining the very important function of public-private partnerships in shaping the way forward for Journey & Tourism. Princess Haifa bint Mohammed Al Saud, Vice Minister of Tourism for Saudi Arabia
The partnership goals to raise tourism on each world and nationwide agendas whereas increasing abilities, innovation, entrepreneurship, funding, and the transition towards a extra sustainable and resilient Journey & Tourism sector.
Moreover, the collaboration will promote neighborhood empowerment and inclusion, in addition to work collectively on disaster preparedness, administration, and restoration, drawing from the precious classes discovered throughout the COVID-19 pandemic.
This extension of partnership signifies the dedication of The Ministry of Tourism of Saudi Arabia to proceed its strong assist for the Journey & Tourism sector, showcasing its dedication to a extra affluent and sustainable future.
About WTTC
The World Journey & Tourism Council (WTTC) represents the worldwide journey & tourism non-public sector. Members embody 200 CEOs, Chairs and Presidents of the world’s main journey & tourism corporations from all geographies protecting all industries. For greater than 30 years, WTTC has been dedicated to elevating the notice of governments and the general public of the financial and social significance of the journey & tourism sector.
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