Saudi Arabia has suspended municipal fees for issuing licenses for hotels, hotel apartments, and residential resorts in an effort to enhance its rapidly growing tourism sector. The move aims to encourage more investment, reduce costs for investors, and promote Saudi Arabia as a competitive global tourist destination.

A Step Toward Enhancing the Tourism Sector

The Saudi government has taken a significant step to promote the tourism sector by waiving municipal service fees for issuing licenses for hotels, hotel apartments, and residential resorts. This strategic move is expected to foster investment opportunities and improve competitiveness in the industry.

Minister of Tourism's Acknowledgment

Minister of Tourism Ahmed Al-Khateeb expressed gratitude to King Salman and Crown Prince Mohammed bin Salman for their ongoing support of the tourism sector. He emphasized that this decision is part of a broader effort to create an attractive environment for investors in Saudi Arabia’s growing tourism landscape.

Facilitating Investment and Removing Barriers

Al-Khateeb further highlighted that waiving these fees is aimed at removing obstacles that hinder investment in the tourism sector, allowing investors to take full advantage of the increasing opportunities in hospitality and related industries.

Part of the Investment Enablers Program

This new decision is a key initiative under the Investment Enablers Program, launched by the Ministry of Tourism earlier this year. The program is designed to ease the cost burden for investors, enhance the competitiveness of Saudi Arabia as a tourist destination, and set high international standards in the tourism sector.