Shaza Hotels Bets Big on Saudi Arabia's Tourism Boom with Four New Projects

• Shaza Hotels signed four new hotel projects in Saudi Arabia at Tourise 2025. • The projects are located in Riyadh, Jeddah, AlUla, and Abha. • The new hotels will consist of a mix of luxury and upscale properties. • The projects are expected to be completed in the coming years. • Saudi Arabia aims to attract 100 million tourists by 2030 as part of Vision 2030. • Tourise 2025 is a major tourism industry event held in Riyadh. • Shaza Hotels has a long-standing presence in the Middle East.

• For Travelers: Increased accommodation options in Saudi Arabia, potentially leading to more competitive pricing and diverse choices. Easier access to previously less developed regions like AlUla and Abha. • Travel Restrictions/Requirements: Currently, Saudi Arabia has a relatively open visa policy for many nationalities, making it easier for tourists to visit. However, it's always advisable to check the latest visa requirements based on your nationality. • Safety Considerations: Saudi Arabia is generally considered a safe country for tourists. However, it's always wise to be aware of local customs and laws and to take standard safety precautions. • Market Reactions: The announcement has been positively received by the travel industry, signaling confidence in Saudi Arabia's tourism potential and potentially attracting further investment.

Saudi Arabia's Vision 2030 is a comprehensive plan to transform the country's economy and society. A key pillar of this vision is the development of the tourism sector. Historically, Saudi Arabia's tourism has been limited due to religious and cultural factors. However, recent reforms have opened up the country to tourism, with the government investing heavily in infrastructure, attractions, and marketing. This includes projects like NEOM, a futuristic city, and the development of historical sites.