Saudi Arabia has announced the cancellation of fees for commercial activity licenses for hotels, hotel apartments, and residential resorts. This move, reported by the state news agency SPA, is effective from September 4.
This decision is part of the Tourism Investment Enabler Program, launched in March, which aims to position Saudi Arabia as a global tourism leader. The initiative supports the kingdom’s Vision 2030, which seeks to transform Saudi Arabia into a top tourist destination.
SPA highlighted that this measure would attract more investments into the tourism sector, boosting its contribution to the country’s GDP. Vision 2030 focuses on modernizing Saudi Arabia and reducing its reliance on oil, with over $800 billion allocated to diversify the economy.