Thousands attend Saudi Arabia’s 11th Honey Festival

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Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha. (SPA)
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Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha. (SPA)
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Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha. (SPA)
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Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha. (SPA)
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Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha. (SPA)
Updated 22 July 2018

Thousands attend Saudi Arabia’s 11th Honey Festival

JEDDAH: Visitors flocked to Saudi Arabia’s 11th International Honey Festival in the southwestern region of Baha.
The attendees and participants praised the festival’s events and the variety of honey products featured at the exhibition.
The exhibition also attracted visitors from outside the region, who were interested in participating in the festival.
Visitors, quoted by the Saudi Press Agency (SPA), described how they enjoyed all the exhibitions included in the festival, praising the success they had witnessed and the festival’s various attracting events.
The festival has greatly contributed to boosting local tourism.
The festival aims to help beekeepers promote their products in a professional manner and is also financially rewarding.
It also offers vacationers an opportunity to purchase honey from authentic sellers.
The festival is considered the most prominent for honey producers and apiarists in the Middle East.
It also falls in line with the Kingdom’s Vision 2030, which aims to propel Saudi Arabia as a main producer of honey both regionally and internationally.
It also aims to develop the industry for nutritional and medicinal purposes.


Saudi VAT revenues hit SR46.7bn in a year: Finance minister

Updated 58 min 55 sec ago

Saudi VAT revenues hit SR46.7bn in a year: Finance minister

  • Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax
  • Said Kingdom was working to reach a consensual solution for tax challenges

RIYADH: Saudi VAT revenues have hit SR46.7 billion ($12.45 billion), a significant increase on estimates for the fiscal year, according to the Kingdom’s finance minister.

Mohammed Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax (GAZT) conference and exhibition.

“The commitment rate came at 90 percent, exceeding all the expectations of GAZT and some international organizations that ranged between 60 and 70 percent,” he said.

“The conference comes as the Kingdom is witnessing an economic and social transformation under the leadership of King Salman and Crown Prince Mohammed bin Salman to achieve a diverse economy and sustainable growth in line with the Kingdom’s 2030 vision.

“The Kingdom’s fiscal policy aims to achieve a balance between the state’s financial and economic objectives. It seeks to maintain financial sustainability for the medium and long terms, which stimulates economic growth rates. This generates from our recognition that fiscal policies are one of the most important drivers of growth in the non-oil sector,” he added.

“The digital economy is rapidly advancing. We hope that modern technologies such as artificial intelligence and blockchains will improve compliance with zakat and taxes, enrich the business sector, lower costs, promote tax transparency and develop e-commerce tax regulations.

“This conference will hopefully achieve a qualitative leap in the sectors of zakat and taxes by promoting cooperation and exchanging experiences.”

Al-Jadaan said that as the Kingdom prepared to host the next G20 summit, it was working to reach a consensual solution for tax challenges of the digital economy and contribute with other member states to stabilizing the global economy.