His Excellency Mr. Ahmed Al Khateeb
Assistant Minister for Tourism
The regulation for disposal of municipal real estate has included a set of amendments that aim at providing a suitable legislative environment for investments. Such a step gives more flexibility for investors in tourism fields, whether they are owners of small-, medium- or big-sized enterprises. The regulation also covers seasonal investments and major investment projects. It is no doubt that diversifying investment of these lands that attract investors serves and enhances the investment in the tourism sector and helps achieve a better investment revenues, encourages attracting highly qualified investors and stimulates major companies to enter the market, which increases the level of offered services.