Saudi Arabia, country situated in Western Asia, covering the bulk of the Arabian Peninsula and largest nation in the Middle East, accelerates in the tourism sector encouraging and incentivizing international investors.
The Government of Riyadh has decided to abolish the tariffs concerning the issuance of licenses for commercial activities concerning hotels, hotel apartments and residential resorts in the Saudi kingdom.
This decision is an integral part of the initiative launched by the Arab country in March named Tourism Investment Enabler Programme which has as its primary objective to elevate and consolidate the country as a global tourism power in line with the plans of the Saudi Kingdom's Vision 2030.
This wide-ranging project involves the modernization of the Kingdom and the diversification of its economy and more than $800 billion has already been invested to achieve this essential goal.
Il Fatto Quotidiano, Italian daily newspaper owned by Editoriale Il Fatto S.p.A. and published in Rome reported that Saudi Arabia is also working on the issuance of new licenses for airlines that will be able to operate within the country.
Meanwhile, Saudia Airlines has recently concluded an agreement for the purchase of 105 new aircraft, part of a strategy to increase the passenger volume to 300 million and having already established direct connections to 170 destinations with a future goal of reaching 250.
Link - https://www.ttgitalia.com/notizie-estere/l-arabia-saudita-apre-alle-licenze-per-chi-investe-LO20952911
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