Economy

Revolutionary Agreement in Historic Jeddah Boosts Local Workforce Security!

Saudis to Receive Training for Hospitality Jobs in Historic Jeddah

Riyadh: In a groundbreaking agreement between the Ministry of Tourism and Al-Balad Development Co., Saudis will now have access to training and support to secure hospitality jobs in the historic city of Jeddah.

Boosting Collaboration for Knowledge Exchange

The memorandum of understanding between the two entities aims to enhance collaboration and leverage resources to empower local talent in the hotel, heritage tourism, and tour guiding industries.

Preserving Heritage in Al-Balad Area

Al-Balad Development Co., a wholly-owned company of the Public Investment Fund, is the master developer and asset manager for Jeddah’s Al-Balad area. This 2.5 sq. km site along the Red Sea coast recently celebrated its 10th anniversary on the UNESCO World Heritage List.

Unlocking Tourism Potential in Saudi Arabia

Saudi Arabia is committed to unlocking its tourism potential and becoming a premier global destination by promoting investment, cultural heritage, and innovation in the hospitality sector.

Empowering National Talents for Tourism Sector

The Kingdom aims to attract over 150 million visitors by 2030, create 1.6 million tourism jobs, and increase the sector’s contribution to the GDP to over 10 percent. The MoU was signed by key officials, including Minister of Tourism Ahmed Al-Khateeb.

Delivering Unique Hotel Experiences in Historic Jeddah

Through its Al-Balad Hospitality arm, the company plans to offer over 1,800 hotel units in the area, providing visitors with unique experiences that blend authenticity and history with modern comforts in the heart of Historic Jeddah.

Revitalizing Jeddah’s Historic District

The Jeddah Historic District, once a fishing village and Silk Road trading hub, now boasts over 600 historic buildings with a rich cultural heritage. The Ministry of Culture oversees the program to revitalize the area and establish it as a cultural and heritage destination.