Al Amoudi: Reforms Set Stage for Saudi Tourism Recovery

The transcript discusses the recovery of tourism and hospitality in Saudi Arabia, focusing on local initiatives and the impact of visa reforms on revenue. It highlights foreign investment opportunities, infrastructure development, and the opening of markets. The company is undergoing restructuring and debt management, with a focus on land development and master planning. The strategy for expansion includes consolidating current projects and exploring new opportunities in real estate, aiming for future growth and capturing market share in Saudi Arabia.

What is the expected annual number of pilgrims mentioned in the recovery plan?

• 10 million

• 20 million

• 40 million

• 30 million

How did the new visa policy impact Saudi Arabia's revenue?

• Remained the same

• Increased by 88%

• Increased by 20%

• Decreased by 50%

What is the role of the Mac authority in the context of foreign investment?

• To restrict foreign investment

• To oversee visa applications

• To act as a custodian for new laws

• To manage local tourism

What is the company's strategy regarding its role in development?

• Transition to a master developer

• Sell all land plots

• Remain a small developer

• Focus solely on foreign projects

What is the company's approach to handling its current financial challenges?

• Ignoring the challenges

• Increasing debt

• Selling all assets

• Implementing a restructuring plan

What is the company's focus in terms of project management?

• Outsourcing all projects

• Finishing current projects

• Starting new projects

• Abandoning all projects

What is the company's outlook on future growth opportunities?

• Pessimistic

• Neutral

• Uncertain

• Optimistic