Saudi Arabia has become a major global player in tourism, with the sector now contributing approximately 5% of the kingdom’s GDP and accounting for nearly 5% of total employment, said Ahmed Al-Khateeb, Minister of Tourism of the Kingdom of Saudi Arabia.
A tsunami is hitting the labour market as AI is quickly reshaping economies; while some roles grow, others will disappear, warned Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
Saudi Arabia's Ministry of Economy and Planning has announced plans to launch an AI-enabled matchmaking partnership network, SUSTAIN, mainly designed to strengthen cross-sector collaboration and accelerate the delivery of sustainable development initiatives in the kingdom.
Saudi Arabia is participating in the World Economic Forum (WEF) Annual Meeting 2026, which opens today in Davos, Switzerland, through the “Saudi House” pavilion initiative with an expanded programme – the largest since the launch of the initiative.
US President Donald Trump’s appearance at Davos this week could have almost immediate and lasting economic consequences for the global economy, warns Nigel Green, CEO of deVere Group, as tensions over Greenland move toward a decisive phase.
