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
British Prime Minister Keir Starmer will travel to Saudi Arabia and the United Arab Emirates next month, a source briefed on the plans said on Wednesday, as Britain seeks to deepen ties with the wealthy Gulf states.
Turkey's President Tayyip Erdogan opposes a U.S. decision to allow Ukraine to use long-range missiles to attack inside Russia, saying it would further enflame the conflict, according to a readout shared by his office on Wednesday.
U.S. envoy Amos Hochstein said he will travel to Israel on Wednesday to try to secure a ceasefire ending the war with Lebanon's Hezbollah group after declaring additional progress in talks in Beirut.
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