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Riyadh is also witnessing massive-scale growth in tourism in both urban and rural areas.

Total private sector investment is expected to reach SR16 billion, representing 64 percent of total expenditures until 2020.

The SCTH initiatives include “The Custodian of the Two Holy Mosques Program of Kingdom’s Cultural Heritage Care,” the first phase of which includes 79 projects under the initiatives of the NTP 2020, proposed during the first quarter of 2017.

The SCTH will undertake rehabilitation and operation of 15 handicraft centers to raise their total to 17.

The new company’s establishment is consistent with the ambitions within Vision 2030 to increase the Kingdom’s cultural and entertainment offering, to create new employment opportunities, and to make use of the wealth of talent and energy among Saudi youth.

The company is planning to invest in a number of entertainment projects, which includes an entertainment complex that will be launched by 2019, and is expected to generate more than 22,000 local jobs and contribute SR8 billion ($2.133 billion) to the economy by 2030.

RIYADH: Saudi Arabia has been a unique travel destination for centuries, offering a wide range of tourism options to visitors, from religious tourism to visiting the historical wonders and seeing the Kingdom’s natural beauty.

While the two holy cities of Makkah and Madinah, with their rich Islamic history epitomizing religious tourism, the natural and heritage wonders are best visited in picturesque Abha, Al-Baha, Al-Turaif distirct in historic Diriyah, Riyadh, historic Jeddah, the mountain resorts of Taif, heritage rock arts in Hail and the majesty of ancient Nabatean tombs in Madain Saleh whereas the multicolored coral reefs of the Red Sea remained a well-kept secret.

An estimated 50 million visitors annually are also expected by that time.