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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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Main Authors: Abdul Aziz, Yuhanis, Md Sidin, Samsinar, Raja Yusof, Raja Nerina
Format: Article
Language:English
Published: IJECM 2016
Online Access:http://psasir.upm.edu.my/id/eprint/54545/1/Income%20diversification%20for%20future%20stable%20economy%20in%20Saudi%20Arabia.pdf
http://psasir.upm.edu.my/id/eprint/54545/
http://ijecm.co.uk/volume-iv-issue-11/
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spelling my.upm.eprints.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/
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Article
author Abdul Aziz, Yuhanis
Md Sidin, Samsinar
Raja Yusof, Raja Nerina
spellingShingle 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
author_facet Abdul Aziz, Yuhanis
Md Sidin, Samsinar
Raja Yusof, Raja Nerina
author_sort Abdul Aziz, Yuhanis
title 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_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_sort income diversification for future stable economy in saudi arabia: an overview of the tourism industry
publisher IJECM
publishDate 2016
url http://psasir.upm.edu.my/id/eprint/54545/1/Income%20diversification%20for%20future%20stable%20economy%20in%20Saudi%20Arabia.pdf
http://psasir.upm.edu.my/id/eprint/54545/
http://ijecm.co.uk/volume-iv-issue-11/
_version_ 1643835658796531712
score 13.211869

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