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Economy and Planning Minister Hosts Reception for Participants of Saudi-Portuguese Joint Committee Meeting

The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
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Economy and Planning Minister Hosts Reception for Participants of Saudi-Portuguese Joint Committee Meeting

The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA
The Saudi Minister of Economy and Planning hosted a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in Lisbon. SPA

The Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim, hosted on Monday a reception for representatives of government entities and private sector companies participating in the sixth session of the Saudi-Portuguese Joint Committee and the Saudi-Portuguese Investment Forum in the Portuguese capital, Lisbon.

The minister heads the Saudi delegation participating in the sixth session of the Saudi-Portuguese Joint Committee, which aims to strengthen economic relations, explore investment opportunities between the two countries, and enhance cooperation in various fields.

The Saudi Minister also visited the Park of Nations, a neighborhood in Lisbon that was constructed for the 1998 World Expo.

Furthermore, he discussed with Executive Secretary of the Community of Portuguese Language Countries (CPLP) Zacarias da Costa promoting relations between the Kingdom and Portugal.

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Saudi Tourism Ministry Announces 99% Growth in Tourism Hospitality Licenses

The Saudi Ministry of Tourism logo
The Saudi Ministry of Tourism logo
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Saudi Tourism Ministry Announces 99% Growth in Tourism Hospitality Licenses

The Saudi Ministry of Tourism logo
The Saudi Ministry of Tourism logo

The Ministry of Tourism announced that the number of tourism hospitality facilities licensed to operate across Saudi Arabia has increased to more than 3,950 by the end of the third quarter (Q3) of 2024, recording a growth rate of 99% compared to the same period last year.

The ministry said that the number of licensed rooms reached over 443,000 by the end of Q3 of 2024. This represents a growth rate of 107% compared to the same period of Q3 2023, where the number of rooms was more than 214,000. The number of licensed hospitality facilities in Q3 2023 was about 2,000.

The significant growth in the number of tourism hospitality licenses is the result of the efforts exerted by the Ministry to empower operators and investors in the hospitality sector to obtain licenses. This includes providing facilities with operating fees reduced by up to 22%.

In addition, the Ministry has contributed to a decision exempting hospitality facilities from municipal fees as part of the Ministry's keenness to ensure the upgrading of services provided by hospitality facilities to international and domestic tourists.

During its "Our Guests Are Our Priority" campaign, the Tourism Ministry invited all beneficiaries of hospitality facility services to submit their inquiries and comments about the services provided to them by contacting the unified tourism center at 930.