Saudi Arabia’s Hospitality Boom: A $38 Billion Investment Opportunity

How Vision 2030 is Reshaping the Kingdom’s Hospitality and Tourism Sector

Saudi Arabia is undergoing a transformational shift as part of Vision 2030, positioning itself as one of the world’s fastest-growing tourism and hospitality markets. With a 109 million visitor in 2023—a 67% increase from 2019—the Kingdom is now among the top 15 global tourist destinations.

This rapid growth has created an urgent need for new hotel developments, with an estimated 320,000 additional hotel rooms required by 2030 to support Saudi Arabia’s ambitious tourism targets. With a $38 billion investment required to build these hotels, the hospitality sector presents a major opportunity for branded hotels, developers and private credit investors looking to capitalize on one of the most dynamic markets globally.

Key Insights from the Report

Our latest Ezdaher Market Snapshot Report provides a detailed analysis of Saudi Arabia’s evolving hospitality landscape, offering data-driven insights into where the biggest investment opportunities lie.

Here are some of the most compelling findings:

  • Saudi Arabia’s economy surpassed $1 trillion in GDP in 2023, ranking among the top 20 economies globally.
  • 109 million visitors in 2023, with a target of 150 million tourists by 2030—including 70 million international arrivals.
  • $800 billion in planned tourism investments, with $80 billion required from private funding.
  • Saudi Arabia is the 3rd largest hotel construction market globally, with 50,000+ rooms currently under development.
  • Vision 2030’s Giga-Projects, including Diriyah Gate, the Red Sea Project, and Qiddiya, are reshaping Saudi’s hospitality landscape.

Why This Matters for Investors

Saudi Arabia’s hospitality sector is growing at an unprecedented pace, with large-scale infrastructure projects driving demand for new hotels, resorts, and lifestyle accommodations.

However, despite ongoing developments, the current pipeline falls far short of projected demand, leaving significant gaps in the market. This presents a major opportunity for investors and financial institutions to support new projects through private credit and structured financing models.

As the Kingdom continues expanding its tourism and business travel ecosystem, the window for early investment is narrowing. Private capital will be critical in meeting the growing accommodation demand, offering high-growth potential for those entering the market now.

Download the Full Report

For a deeper look into Saudi Arabia’s hotel expansion, investment trends, and private credit opportunities, download the full report and explore the data behind this rapidly growing market.

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UPCOMING LAUNCH

With significant private sector in investment required to meet Saudi Arabia’s ambitious tourism targets, access to structured and Sharia-compliant financing will be crucial in bridging the hospitality funding gap. Ezdaher, set to launch soon, is positioned to support this evolving landscape by providing tailored financial solutions for developers and investors looking to capitalize on the Kingdom’s tourism boom. As the demand for hotels continues to outpace supply, innovative funding models like those offered by Ezdaher will be key to driving sustainable growth in the sector.