KSA Eliminates Hotel Licensing Fees to Boost Tourism

Saudi Arabia has announced the elimination of fees for issuing 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 to position the kingdom as a leading global tourist destination.^[1]  

This move aligns with Saudi Arabia's Vision 2030, which aims to diversify the economy and reduce reliance on oil revenues. The initiative is expected to attract more investment into the tourism sector, increasing its contribution to the country's gross domestic product.

Vision 2030 includes over $800 billion in investments to modernize the Gulf state and promote economic diversification.