TOURISE Catalyses US$113 Bln In Global Tourism Investments At Inaugural Summit
KUALA LUMPUR, Nov 12 (Bernama) -- TOURISE, the global platform shaping a new horizon for tourism, announced that it has catalysed investment portfolios worth US$113 billion at its inaugural TOURISE Summit in Riyadh. (US$1=RM4.12)
The achievement reflects TOURISE’s mission to drive high-value investment opportunities by bringing together leaders from the public and private sectors across tourism, technology, investment and sustainability to chart a shared roadmap for the next 50 years of global tourism.
Minister of Tourism and TOURISE Chairman, Ahmed Al-Khateeb said the platform has been instrumental in connecting investors, policymakers and innovators to deliver tangible results.
“TOURISE has been the catalyst that brings investors, policymakers and innovators to the same table, turning vision into bankable partnerships and high-impact deals,” he said in a statement.
He added that the initiative is reshaping the traveller economy through the integration of artificial intelligence (AI), destination development and experience excellence, ensuring growth opportunities across the sector.
The announced portfolios cover the full spectrum of the visitor economy, including luxury retail, next-generation accommodation, large-scale destination projects, wellness and lifestyle offerings, talent development, and AI-driven platforms.
These investments aim to set new benchmarks for the global tourism sector by addressing future travel needs, enhancing the visitor experience, and driving innovation-led growth.
Among the international and local companies participating in the investment portfolios are Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix & Ocean Link, AlFozan Holding, Al Kathiri Holding, Alothaim and Knowledge Economic City.
The announced investments combine hard infrastructure with human capital to create new jobs, strengthen Saudi Arabia’s competitiveness as a global destination, and shape the next chapter of international tourism growth.
The announcement marks a significant step toward TOURISE’s founding goal of uniting decision-makers to forge transformative partnerships and redefine how the world travels, connects and grows.
-- BERNAMA