SACM - United Kingdom
Permanent URI for this collectionhttps://drepo.sdl.edu.sa/handle/20.500.14154/9667
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Item Restricted THE METAVERSE’S POTENTIAL TO REVITALISE HERITAGE TOURISM IN SAUDI ARABIA(Bournemouth University, 2024) Basri, Abdullah; Buhalis, DimitriosThis study aimed to assess the viability of the metaverse to revamp heritage tourism in Saudi Arabia. This aim was met through the fulfilment of five main objectives, including determining the impact of metaverse on heritage tourism in Saudi Arabia; evaluating its social and economic effects on heritage tourism and local communities; assessing its economic implications on tourism, revenue generation, and employment opportunities; identifying the main obstacles posed by metaverse tourism; and identifying the challenges and opportunities associated with metaverse tourism in a global context. A mixed-methods research methodology was adopted to synthesise in-depth evidence about the likelihood of metaverse revitalising heritage tourism in Saudi Arabia. Qualitative and quantitative data were collected and integrated from a sample of 57 participants, comprised of technology experts, heritage site managers, and tourists. Primary data was collected using semi structured interviews and structured questionnaires, and secondary data was obtained from statistical sites and reports on the economic viability of the metaverse. The findings demonstrate the critical role of the metaverse in revitalising heritage tourism in Saudi Arabia. A clear majority of participants believed that the metaverse is an effective tool for revolutionising heritage tourism and that it is easier to visit virtual heritage sites on the metaverse than physical sites. Responses associated the metaverse with the potential to democratise access to heritage sites and grow the tourism sector overall, which is in line with the secondary data and financial projections. Concerns about the technology’s low rate of adoption and its potential to disrupt the traditional tourism economy were also raised. Nevertheless, the results of the study revealed that with careful planning, metaverse technology has the potential to revolutionise Saudi Arabian heritage tourism. Keywords: Metaverse, heritage, tourism revitalising, tourism, virtual, economic, social, opportunities, challenges, tourists, inclusivity.58 0Item Restricted Regulating Bitcoin in Saudi Arabia: the challenge of central bank digital currency(Saudi Digital Library, 2022-09-25) Tawfiq, Aghnar; Miglionico, AndreaIn light of the world's rapidly changing environment, particularly the advent of the digital world and the digital economy, as well as the fast growth of the Internet and electronic engagement, this speed was apparent with the advent of virtual (or digital) currencies, the earliest and most renowned of which was Bitcoin, which expanded extensively and was dealt with by significant corporations. Then came the question of generating electronic currencies that are linked to central banks all over the world, but it is noteworthy that these currencies have not yet received proper regulation. The research is divided as follows: The first chapter provided a summary of past studies on the issue, as well as an introduction to the research, its aims, and methodology. The notions of blockchain and digital currencies, in addition to the common relationship between them, were then defined. The second chapter included a description of Bitcoin and also the positions of several nations, especially Saudi Arabia. Then a comparison of Bitcoin regulation in the United States and Europe. The third chapter also included the benefits and drawbacks of Bitcoin as well as the pros and cons of its regulation in Saudi Arabia; a definition of the central bank's digital currency; and a proposal for a new currency called RiyalCoin for its creation and regulation in Saudi Arabia, with its impact on the Saudi Vision 2030; and finally, the conclusion, results, and recommendations in the final chapter. The descriptive and analytical methodologies were utilised to clarify the problematic aspects of the study.34 0