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.



Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
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Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA

The Saudi Ministry of Economy and Planning and the Ministry of Economy, Industry and Investment of Comoros have signed a memorandum of understanding (MoU) to establish a framework for enhancing and diversifying economic cooperation based on mutual interest.
The MoU, signed by the Saudi Minister of Economy and Planning Faisal Alibrahim and Minister of Economy, Industry, and Investment of the Comoros Moustoifa H. Mohamed, outlines key objectives aimed at strengthening economic ties between the two countries.

It underscores the exchange of knowledge to boost economic collaboration, fostering communication and cooperation between government entities and the private sector.
The MoU also seeks to facilitate visits, communications, and events that promote interaction between individuals, officials, and economic institutions. Furthermore, it highlights the importance of supporting the participation of small and medium-sized enterprises (SMEs) in bilateral economic activities.