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Saudi Tourism & Entertainment Boom to Fuel Real Estate Growth

The future of tourism and entertainment in Saudi Arabia looks promising, especially with the large-scale projects currently underway, such as the 'Riyadh Art' and 'Riyadh Plaza' projects, which aim to boost tourism and attract more visitors. This will positively impact the real estate market. The increased demand for accommodation and tourism services is expected to lead to a higher need for real estate projects, both residential and commercial.


Furthermore, improving public facilities and infrastructure, including developing transportation networks, airports, and roads, will make Saudi cities more attractive to both investors and residents. As a result, the real estate market in Riyadh is expected to witness significant growth, driven by the increase in tourism and entertainment activities.


The positive impact is not limited to Riyadh alone, but will extend to other cities in the kingdom, such as Jeddah, the Eastern Province, Qassim, and Tabuk. With the boost in tourism and entertainment in Riyadh, these cities are likely to see an increase in domestic tourism.


For example, Jeddah,is a major gateway for coastal tourism in the kingdom and is likely to benefit from the increase in tourism in Riyadh by attracting visitors who want to explore the city's stunning beaches and diverse cultural and historical landmarks.


The Eastern Province, on the other hand, is brimming with attractive tourism projects, such as beaches, resorts, and islands, which strengthen its position as an independent tourist destination. Meanwhile, the Qassim and Tabuk regions are expected to see an increase in domestic tourism thanks to improvements in transportation and public facilities, in addition to the large-scale projects in the region, such as the NEOM project, which will attract visitors to Tabuk and its surroundings."

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