Saudi Arabia decided on Wednesday to cancel fees for issuing commercial activity licenses for hotels, hotel apartments and residential resorts in the kingdom, state news agency SPA reported.
The Ritz-Carlton, Jeddah © Mena Today
Saudi Arabia decided on Wednesday to cancel fees for issuing commercial activity licenses for hotels, hotel apartments and residential resorts in the kingdom, state news agency SPA reported.
The decision, effective Sept. 4, is part of the Tourism Investment Enabler Program that Saudi Arabia launched in March, aimed at making the kingdom a global tourism powerhouse.
"This decision comes in line with the goals of the Kingdom's Vision 2030 to make Saudi one of the most prominent tourist destinations in the world", SPA said.
SPA added that the initiative would encourage investors to put more money into the tourism sector, which would increase the industry's contribution to gross domestic product.
Saudi's Vision 2030 plans to modernise the Gulf Arab state and reduce its dependence on oil export revenues with over $800 billion invested to diversify the economy.
By Jana Choukeir
Iranian and U.S. delegations wrapped up a fifth round of talks in Rome on Friday and signs of some limited progress emerged in the negotiations aimed at resolving a decades-long dispute over Tehran's nuclear ambitions.
Syrian Kurdish parties will send a delegation to Damascus soon for talks over their region's political future, a leading Kurdish politician said, as they seek to advance their goal of regional autonomy despite opposition from the Islamist rulers.
Turkey's authorities should present credible evidence of corruption against Istanbul's jailed mayor or immediately release him, U.S. Senator Adam Schiff said on Thursday as he urged his colleagues to back a resolution calling out President Tayyip Erdogan over what he called democratic backsliding.
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