Development of Tourism Destinations Regulations [En]
Art. SevenStatus unknownSaudi ArabiaRegulation
Issued by Ministry of Tourism (mt.gov.sa)
The Ministry shall, in coordination with the relevant agencies,
issue “Rules for investment of tourist destinations” and
provision of the necessary facilities for this purpose, subject to
the following:
Determine the appropriate area for and duration of
investment, pursuant to the objectives of the National
Tourism Strategy and the approved tourism use in the
tourist
destination;
Develop a mechanism for addressing investors’ requests
related to the tourist destination; and
Set incentives for investors in accordance with the relevant
laws and statutes.
The Ministry shall refer the proposal to the committee
stipulated in Article Four of these Regulations, in the event of
its formation, to take its opinion thereon, in order to submit
the same to the Minister.
The Ministry shall provide the supervising and competent
authorities – as the case may be – with the “Rules for investment
of tourist destinations”, upon approval thereof by the Minister,
to act in accordance therewith.
The Ministry shall propose any amendments to the investment
mechanisms, controls, conditions and classifications approved
by the supervisory or competent authorities – as the case may
be – pertaining to the tourist destination.
The Ministry shall collaborate with the competent and
supervising authorities to provide the Ministry with all
investment opportunities in tourist destinations through the
investment platforms specified by the Ministry.
The Ministry shall collaborate with the competent and
supervising authorities to provide the Ministry with data
related to tourist destination investment, including the type
of investment project, the size of investment, investors’ data,
areas of development resulting from investment, and the like.
a.
b.
c.
Regulations of Tourist Destinations
Article Eight These Regulations shall be published in the Official Gazette and
shall enter into force as of the effective date of the Law.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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