100,000 hotel rooms to be developed within Vision portfolio: PIF Governor

The Public Investment Fund's (PIF) Governor Yasir Al Rumayyan said that the economic ecosystems within the Vision portfolio represent a natural progression for the sectors the fund has worked to launch and develop over the past years.

During the government press conference to showcase the fund’s 2026–2030 strategy, he explained that the tourism, travel, and leisure ecosystem focuses on promoting tourism in the Kingdom by developing strategic assets that generate returns, in addition to facilitating air access to the Kingdom and leveraging the hosting of global events to attract tourists.

The ecosystem will help develop more than 100,000 hotel rooms and implement more than 70 tourism experiences across various regions of the Kingdom, as part of efforts to support the tourism sector and promote the Kingdom as a global tourism destination. This is in addition to reaching an estimated capacity of 96 million passengers through King Salman International Airport, he added.

Al Rumayyan further stated that the tourism, travel, and leisure ecosystem focuses on developing strategic assets that generate economic returns, as well as developing three stadiums ready to host the World Cup 2034.

This ecosystem includes companies such as Red Sea Global, Al Qiddiya, Savvy Games Group, Sports Investment Co., Expo 2030 Riyadh, King Salman International Airport, and Riyadh Air.