Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry
Since the fall of global oil price in 2014, OPEC leader countries start reducing their dependence on oil income. Saudi Arabia, as the world's largest oil exporter, recognize the need to diversify its income away from oil revenue. Tourism industry in the country is identified as a priority area...
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| Format: | Article |
| Language: | English |
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IJECM
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/54545/ http://psasir.upm.edu.my/id/eprint/54545/1/Income%20diversification%20for%20future%20stable%20economy%20in%20Saudi%20Arabia.pdf |
| _version_ | 1848852574823776256 |
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| author | Abdul Aziz, Yuhanis Md Sidin, Samsinar Raja Yusof, Raja Nerina |
| author_facet | Abdul Aziz, Yuhanis Md Sidin, Samsinar Raja Yusof, Raja Nerina |
| author_sort | Abdul Aziz, Yuhanis |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Since the fall of global oil price in 2014, OPEC leader countries start reducing their dependence on oil income. Saudi Arabia, as the world's largest oil exporter, recognize the need to diversify its income away from oil revenue. Tourism industry in the country is identified as a priority area for government income. Thus, the new leaders in Saudi authorities have begun a project in developing this industry targeting domestic and international visitors. This project required new marketing implementations and modern promotion strategies. Therefore, this conceptual paper will highlight the expected future of tourism industry in Saudi Arabia and the opportunities for developers, operators and investors. In addition, the paper will provide implications for future research in different sectors; marketing strategies, services quality and tourist satisfaction. It will discuss the tourism industry development part of Saudi Arabia 2030 vision that announced on April 2016 and the significance of this market for the government. The paper will shed light on religious tourism destinations in the country as a part of tourism industry and common destination for international visitors. Finally, it will raise the expected issues that might challenge the government and business travel operators in developing this industry. |
| first_indexed | 2025-11-15T10:40:15Z |
| format | Article |
| id | upm-54545 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T10:40:15Z |
| publishDate | 2016 |
| publisher | IJECM |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-545452018-03-27T09:03:07Z http://psasir.upm.edu.my/id/eprint/54545/ Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry Abdul Aziz, Yuhanis Md Sidin, Samsinar Raja Yusof, Raja Nerina Since the fall of global oil price in 2014, OPEC leader countries start reducing their dependence on oil income. Saudi Arabia, as the world's largest oil exporter, recognize the need to diversify its income away from oil revenue. Tourism industry in the country is identified as a priority area for government income. Thus, the new leaders in Saudi authorities have begun a project in developing this industry targeting domestic and international visitors. This project required new marketing implementations and modern promotion strategies. Therefore, this conceptual paper will highlight the expected future of tourism industry in Saudi Arabia and the opportunities for developers, operators and investors. In addition, the paper will provide implications for future research in different sectors; marketing strategies, services quality and tourist satisfaction. It will discuss the tourism industry development part of Saudi Arabia 2030 vision that announced on April 2016 and the significance of this market for the government. The paper will shed light on religious tourism destinations in the country as a part of tourism industry and common destination for international visitors. Finally, it will raise the expected issues that might challenge the government and business travel operators in developing this industry. IJECM 2016-11 Article NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/54545/1/Income%20diversification%20for%20future%20stable%20economy%20in%20Saudi%20Arabia.pdf Abdul Aziz, Yuhanis and Md Sidin, Samsinar and Raja Yusof, Raja Nerina (2016) Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry. International Journal of Economics, Commerce and Management, 4 (11). pp. 173-189. ISSN 2348-0386 http://ijecm.co.uk/volume-iv-issue-11/ Tourism industry; Saudi Vision 2030; Income diversification; Saudi Arabia economy |
| spellingShingle | Tourism industry; Saudi Vision 2030; Income diversification; Saudi Arabia economy Abdul Aziz, Yuhanis Md Sidin, Samsinar Raja Yusof, Raja Nerina Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title | Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title_full | Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title_fullStr | Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title_full_unstemmed | Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title_short | Income diversification for future stable economy in Saudi Arabia: an overview of the tourism industry |
| title_sort | income diversification for future stable economy in saudi arabia: an overview of the tourism industry |
| topic | Tourism industry; Saudi Vision 2030; Income diversification; Saudi Arabia economy |
| url | http://psasir.upm.edu.my/id/eprint/54545/ http://psasir.upm.edu.my/id/eprint/54545/ http://psasir.upm.edu.my/id/eprint/54545/1/Income%20diversification%20for%20future%20stable%20economy%20in%20Saudi%20Arabia.pdf |