Hospitality sector is booming with over SR 800 bn investment

The hospitality sector in the Kingdom is booming with investments surpassing SR 800 billion. The implementation of an expansion strategy and the upgrade of the sector’s projects helped achieve this. Another factor is a strong competition powered by an increased demand for high-quality services. The boom in the sector helped create many jobs for young Saudis.

The Jeddah Chamber of Commerce and Industry’s Hospitality Committee recently approved the launch of the Kingdom’s first “Best Restaurant and Coffee Shop Award” competition 2012 as part of the chamber’s role in developing and encouraging all activities of the sector of business.

Khaled bin Fahad Al-Harthi, chairman of the Hospitality Committee, said the industry is one of the most important in the world. It saw a massive growth as a result of increased international trade activities. This and the growth of the tourism industry and the improvement of hospitality services made the committee launch the contest to create more competition among restaurants and coffee shops and as an incentive for them to provide high-quality services.

Read more: http://www.arabnews.com/economy/hospitality-sector-booming-over-sr-800-bn-investment