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Saudi Arabia Showcases Strategic Tourism at IHIF Asia

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Saudi Arabia is rapidly establishing itself as a global leader in tourism, with the Kingdom’s remarkable achievements in 2023 setting a new benchmark for the industry. This progress was on full display at the IHIF Asia International Hospitality Investment Forum in Hong Kong, where the Saudi Ministry of Tourism highlighted the vast potential for international investors to capitalize on the Kingdom’s rapidly expanding and diverse tourism sector.

Saudi Arabia’s strategic location at the crossroads of three continents and its strong economic ties with Asia underscore its potential as a global tourism hub. In 2023, the Kingdom welcomed over 20.9 million tourists from Asia, who collectively spent $25.7 billion. This significant influx highlights the increasing confidence Asian markets have in Saudi Arabia’s tourism potential and the lucrative opportunities it presents for investors. The Kingdom’s appeal to Asian travelers is further evidenced by the substantial growth in tourism receipts, reflecting the strong demand for Saudi Arabia as a diverse and culturally rich destination.

To capitalize on this momentum, the Kingdom has introduced the Tourism Investment Enablers Program (TIEP), with the Hospitality Investment Enablers (HIE) initiative serving as a cornerstone. HIE is designed to significantly boost accommodation capacity in key tourism areas, driving private investments up to $ 11 billion and increasing the annual GDP by $4.3 billion by 2030. The initiative also aims to create 120,000 new jobs, supporting Saudi Arabia’s broader economic diversification goals. Key incentives include corporate tax exemptions, VAT reductions, and access to government-owned land under favorable terms, making it easier and more cost-effective for investors to enter the market.

A highlight of Saudi Arabia’s participation at IHIF Asia was the panel discussion titled “Invest, Enable, Prosper: Empowering Tourism Destinations.” This fireside chat, led by Mr. Tareq Al-Shaghrood, General Manager of Investment Planning & Attraction at the Saudi Ministry of Tourism, explored the Kingdom’s strategic approach to developing a world-class, diverse tourism ecosystem. “Saudi Arabia’s commitment to creating a wide array of tourism experiences—from cultural heritage and adventure tourism to luxury and eco-tourism—is underpinned by a robust framework of incentives and support for investors. Our vision is to enable and empower those who join us in this transformative journey, ensuring prosperity for all stakeholders,” Al-Shaghrood stated.

Saudi Arabia’s international tourism performance in 2023 was impressive, ranking 14th globally in international arrivals—an improvement of 11 positions since 2019. The Kingdom also ranked 12th globally in international tourism receipts, moving up 15 positions compared to 2019. According to the UN Tourism Barometer (May 2024), Saudi Arabia ranked first among the best-performing large tourism destinations in terms of the growth rate of international arrivals and tourism receipts compared to pre-pandemic levels.

As Saudi Arabia continues its ascent as a leading tourism destination, the Kingdom invites investors worldwide to seize the opportunity to be part of this extraordinary transformation. With its robust infrastructure, strategic location, and unwavering commitment to sustainable growth, Saudi Arabia offers unmatched prospects for those looking to invest in a rapidly evolving and highly rewarding market.

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UAE approves paid leave for employees with communicable diseases under draft law

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Employees in the UAE who are diagnosed with a communicable disease, suspected of being infected, or identified as close contacts during an epidemic or pandemic could soon receive paid leave without it affecting their annual leave entitlement, under amendments approved by the Federal National Council (FNC).

The amendments form part of a draft federal law on combating communicable diseases, which was approved by the FNC during its session on Wednesday.

What the amendments mean

Under the proposed changes, employers will be required to prevent an employee from attending the workplace if they:

  • Are infected with a communicable disease.
  • Are suspected of having a communicable disease.
  • Have been identified as a close contact during an epidemic or pandemic.

The measure applies if the employee’s presence is likely to pose a health risk to others in the workplace.

Paid leave without affecting annual leave

The amendments also protect employees’ leave entitlements.

If an employee is required to stay away from work for health reasons under the law, the period of absence:

  • Will not be deducted from statutory leave entitlements.
  • Will be fully paid, with the employee continuing to receive their wage or gross salary.

To qualify, the employee must provide a certificate issued by the competent health authority.

FNC approves amendments

The amendments were approved during an FNC session attended by Minister of Health and Prevention Ahmed bin Ali Al Sayegh.

According to the FNC, the draft law was first submitted to the Council in March following approval by the Council of Ministers.

The President of the FNC referred the proposed amendments to the Health and Environmental Affairs Committee, which reviewed the changes during a meeting on July 6.

After examining the proposals and their role in strengthening the implementation of the law, the committee endorsed the amendments before they were approved by the Council.

If the draft law completes the legislative process and comes into force, it will strengthen workplace health protections while ensuring employees do not lose pay or annual leave when required to isolate because of communicable diseases.

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How to pay UAE immigration fines and visa fees in easy instalments

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Paying for UAE visa, residency and identity services has become more flexible, with the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) introducing a new instalment payment option through Tabby.

The new feature allows customers to split the cost of eligible ICP services into monthly instalments, making it easier to manage payments for applications such as visas, Emirates ID and other government services.

What’s new?

Alongside its existing Easy Payment service, which is offered in partnership with 10 national banks, ICP has added Tabby as a payment option on its electronic payment platform.

Eligible customers can pay service fees in instalments over three, six or 12 months for transactions worth up to Dh20,000, subject to Tabby’s credit assessment.

How it works

When completing an application through ICP’s digital platform, customers simply need to:

  • Proceed to the payment page.
  • Select their preferred payment option, Tabby or Easy Payment.
  • Complete the payment process based on the available instalment plan.

Approval for instalment payments depends on the customer’s credit eligibility.

Improving customer experience

ICP said the initiative is part of its ongoing efforts to improve customer experience by offering more convenient and flexible financial solutions.

By expanding payment options, the authority aims to make government services more accessible while giving citizens and residents greater flexibility in managing service-related expenses.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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