SAUDI ARABIA - $1 Trillion Tourism Investment

Arno Froese

Saudi Arabia is set to spend over $1 trillion in tourism in the coming decade in a bid to attract 100 million visitors by 2030 and diversify its primarily oil-based economy.

The kingdom is pivoting from religious to leisure tourism, which it views as being a key sector in its Vision 2030 program that aims to modernize the country’s economy, according to a special report recently published by Entrepreneur Middle East in partnership with Lucidity Insights.

“Working [women] are entering the workforce at breakneck speed,” Masako Welch said. “Ten or 15 years ago, you had maybe 5% of the Saudi female population in the workforce and now it’s 34%. 

-www.jpost.com, 30 May 2022

Arno's Commentary

Saudi Arabia is on its way to modernization, not just because of the pressure the West exerts. The king of oil realizes the limited future of this precious resource, primarily due to the global push to switch to green energy. Tourism is an important revenue source for most countries of the world.

According to the World Tourism Barometer, an increase of 4% was registered internationally for 2021, but 72% below pre-pandemic levels. Travel.com lists the world’s top five most visited cities:

1. Bangkok, Thailand
2. Paris, France
3. London, UK
4. Dubai, UAE
5. Singapore

According to the UNWTO, international tourism saw a 182% increase from January to March 2022. During the first quarter of 2022, Europe welcomed almost four times as many international arrivals—that is, 280%—compared to 2021.

Travel and tourism generated $7.6 trillion (10.2% of global GDP) and 292 million jobs in 2016. That’s roughly one in every ten jobs in the global economy. DestinationInternational.org claims that the tourism industry “accounted for 6.6% of total global exports and almost 30% of total global service exports.” Many ask, is this possible? The answer: welcome to globalism. Today, it’s easier to travel virtually anywhere in the world than ever before in history. Thus, tourism is a significantly important industry and is expected to grow substantially.

Jeremiah pinpoints the desert area southeast of Israel with these words: “And all the kings of Arabia, and all the kings of the mingled people that dwell in the desert” (Jeremiah 25:24). Many scholars agree that the Biblical name is Dedan.

From Ezekiel 38, we take note that three nations are questioning or proudly protesting Gog and Magog, the enemy from the north that is prophesied to invade Israel. We read, “Sheba, and Dedan, and the merchants of Tarshish, with all the young lions thereof, shall say unto thee, Art thou come to take a spoil? hast thou gathered thy company to take a prey? to carry away silver and gold, to take away cattle and goods, to take a great spoil?” (verse 13).

While Saudi Arabia is an extremely Islamic country, it now sees more and more the absolute need to be part of the Roman world, popularly known as “the West.”

The prophet Daniel is told not to reveal the things he had written, “But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased” (Daniel 12:4). Travel and knowledge will increase.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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