Saudi Arabia’s Minister of Municipalities and Housing Majed Al Hogail has issued a decision to cancel the fees for issuing a commercial activities license for hotels, hotel apartments, and residential resorts.
The decision is effective today, September 4, 2024, the Saudi Press Agency (SPA) reported.
The announcement underscores the Kingdom’s effort to boost its tourism industry and speed up the construction and development of new offerings for domestic and foreign visitors, in line with the objectives of the Kingdom’s Vision 2030.
The Ministries of Municipalities & Housing and Tourism have called on investors in the tourism sector to benefit from the decision by issuing or renewing commercial activities licenses for hotels, hotel apartments and residential resorts via the Balady platform.
In 2023, Saudi Arabia’s tourism spending reached SAR 135 billion, marking the highest expenditure by foreign visitors in the country’s history and representing a growth rate of 42.8% compared to 2022.
That same year, the Saudi Ministry of Tourism celebrated reaching 100 million tourists, achieving this target seven years ahead of the timeline set by Saudi Vision 2030.
