More than $294 million approved for Saudi tourism projects
Plans for 33 new tourism projects across the kingdom, including underdeveloped Saudi regions
The Saudi Commission of Tourism and National Heritage (SCTH) has announced plans to fund 33 new tourism projects across the kingdom, as part of a lending initiative to aid the sector in underdeveloped Saudi regions, according to Arab News online news outlet.
Reportedly, Abdul Majid bin Abdul Mohsen Al-Nasser, the SCTH’s director general of tourism investment, said that the initiative, in partnership with the Ministry of Finance, approved proposals for 33 projects at a cost of more than SR1,100 billion ($294 million).
Al-Nasser added that a joint committee formed by the SCTH and the ministry was also studying funding for six other projects worth an additional SR71 million.
The news outlet said that the funds will go towards developing a range of plans across the hospitality sector, including hotels, conference centres, infrastructure and tourist resorts.