RIYADH: The Cabinet on Monday approved in principle the entry of the government, represented by the Public Investment Fund ( PIF ), as a partner in the development of heritage hotels across the kingdom.
In a session chaired by Crown Prince Salman bin Abdulaziz, deputy prime minister and minister of defense, the Cabinet also approved a measure requiring the kingdom's criminal courts to apply penalties prescribed in the Unified Customs Regulation (Law) of Gulf Cooperation Council Countries in cases related to drug and alcohol smuggling.
The actions taken by the Cabinet were outlined in a statement carried by the Saudi Press Agency (SPA), quoting Culture and Information Minister Abdulaziz bin Mohieddin Khoja.
Read more: http://www.zawya.com/story/Saudi_cabinet_OKs_states_role_in_development_of_heritage_hotels-ZAWYA20130212033054/
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