Saudi Arabia Cancels Hotel License Fees to Boost Tourism Industry
The initiative is expected to encourage investment in the tourism sector, boosting its contribution to the country’s GDP.
Sep 05,2024
The Kingdom of Saudi Arabia announced the cancellation of fees for commercial activity licenses for hotels, hotel apartments and residential resorts. The decision, effective September 4th, is part of the Tourism Investment Enabler Program, launched in March, which aims to position the kingdom as a global tourism hub.
The initiative is expected to encourage investment in the tourism sector, boosting its contribution to the country’s GDP.
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