During the meeting, the Authority’s efforts from July 1, 2024, to May 15, 2025, were reviewed. This review encompassed the mechanisms adopted by the board and the policies implemented to address overdue obligations from tourism development and investment companies. The meeting also discussed the facilitations granted for an 80% exemption from late payment penalties if payments were made within a specific period, and the positive impact these measures had on balancing revenues and surpluses and supporting tourism development.
The board also reviewed the quarterly follow-up report on
the implementation status of the authority's projects in the development
sectors for March 2025. The report covered 572 main projects, 505 limited
development projects, and 67 integrated development projects which include 1137
sub-projects.
The meeting also addressed the results of the board's debt repayment initiative, which targeted 209 companies, as well as efforts to modernize the Authority's organizational structure, and the project to issue the executive regulations concerning the rules and conditions for managing and utilizing land allocated to the authority.