Alqanoni

Development of Tourism Destinations Regulations [En]

Art. Seven
Status 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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