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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Tripartite Agreement to Encourage Tourism Investment

Visitors at Qasr al-Farid tomb at the Madain Saleh antiquities site in Al-Ula, Saudi Arabia (Reuters)

The Saudi Ministries of Tourism and Environment and the Tourism Development Fund signed a memorandum of understanding (MoU) to enhance cooperation and encourage investment in the tourism sector in the Kingdom in line with the objectives of the national tourism strategy to contribute to achieving the goals of Vision 2030.

The agreement included a set of objectives, including enhancing cooperation to support and develop the tourism sector in the Kingdom, finding a mechanism for joint coordination, and facilitating procedures regarding tourism projects and activities that fall under the supervision of the Ministry of Environment, Water, and Agriculture.

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