“Tourism”: a new regulation of hotel licenses and a program for...

The investment advisor at the Ministry of Tourism, Abdul Majeed Al-Nasser, revealed that within days a new regulation for hotel licenses will be introduced in general to take opinions on it, pointing out that the Tourism Development Fund is launching a new program for financing small and medium enterprises, provided that it is available to benefit from its financing products in the first quarter of 2021. Noting that the fund has a special board of directors, which is responsible for approving financing operations that may exceed 50%.Al-Nasser said, during the meeting held by the Asharqia Chamber of Commerce and Industry, finally, represented by the Qatif Business Council, remotely, about the national strategy for tourism, mechanisms for private sector cooperation in the ministry’s projects, and the most prominent available and future investment opportunities, and the meeting was moderated by the Vice President of the Qatif Business Council in the Asharqia Chamber Hisham Al-Saif: “The ministry aims, by 2030, to contribute 10% to the gross domestic product, to reach about 100 million visitors, provide nearly 1.6 million job opportunities, support the local private sector, and attract foreign direct investment.”

He added, “The national tourism strategy will advance the tourism industry in its various vocabulary and develop it as a basic tributary of the national economy and a future source that enhances revenues.”

He pointed out that agricultural tourism is one of the most important tourist vocabulary, and that it is now subject to a study from all branches of the ministry, and Qatif Governorate will have an active and fundamental role in the agricultural tourism system in the Kingdom.

Al-Nasser explained that the 2030 tourism road map is based on two main phases, the first continuing until 2022 before the launch of the mega projects, and it comes under the title Discover Saudi Arabia, and the second phase starts from 2022 to 2030, and bears the title Live the Saudi Experience.

He pointed out that the tourist sites were divided into 24 prominent sites, 38 sites of great potential and 500 complementary sites, which are additional sites of tourist importance and complete the tourism experience after visiting the prominent sites and sites with great potential.

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