TOURISE Summit Ignites Unprecedented $113 Billion Investment in Global Tourism
TOURISE, the innovative global tourism platform, has announced a groundbreaking achievement of $113 billion in catalyzed investment portfolios at its debut summit in Riyadh, Saudi Arabia. This monumental funding commitment was unveiled on November 11, 2024, under the auspices of Crown Prince Mohammed bin Salman.
The investments traverse a wide range of sectors including:
- Luxury retail
- Next-generation hotel accommodation
- Integrated developments
- Wellness destinations
- AI-powered tourism platforms
- Talent development
Major companies participating include Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, along with several Saudi firms such as AlFozan Holding and Knowledge Economic City.
Saudi Tourism Minister Ahmed Al-Khateeb emphasized that TOURISE brings together “investors, policymakers, and innovators to the same table, turning vision into bankable partnerships.” The investments are projected to unlock new value across the tourism ecosystem, simultaneously creating jobs and enhancing global competitiveness.
Source: Travel Daily News