Saudi Arabia invests US$1,000 billion in tourism

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6 October 2022 à 14h04

Updated on 21 October 2022 à 21h45

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2 minutes

Publication: 6 October 2022 à 14h04, Updated on 21 October 2022 à 21h45

Reading time: 2 minutes

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Publication

6 October 2022 à 14h04

Updated on 21 October 2022 à 21h45

Reading time

2 minutes

Publication: 6 October 2022 à 14h04, Updated on 21 October 2022 à 21h45

Reading time: 2 minutes

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At the end of August 2022, Lagardère Travel Retail (Relay and Aelia Duty Free stores, turnover of €1.7 billion in H1 2022 down by 15% compared to H1 2019) won the concession for the Prince Mohammed Bin Abdul Aziz international airport in Medina from December 2022. The travel retail specialist, which returned to profit in the first half of the year with a €26-million margin, will be the sole operator of the Kingdom’s four international airports. 

In order to lower reliance on oil reven

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