Rising Tourism in Saudi Arabia: Implications for Real Estate Investment
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Daye, Ali S.
Over the last few years, the Kingdom of Saudi Arabia (KSA) has pursued a more aggressive approach towards economic diversification in order to plan for the future of its youth as nearly 60 percent of the country’s 3 million citizens are under the age of 30 (KSA-General Authority for Statics, 2017). Saudi Arabia traditionally has relied heavily on the public sector to absorb many of the educated Saudi nationals. However, the country is now looking to the private sector to create more jobs for its burgeoning population and has enacted policies that ease doing business in the country and make it more accessible to the outside world.
Cornell Real Estate Review
Volume & Issue:
Saudi Arabia; Tourism; Real Estate; Investment; Islam; Hospitality
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