Saudi Tourism Development Fund allocates $266m to back 50 projects, reveals minister 

Kingdom’s Minister of Tourism Ahmed bin Aqil Al-Khatib. (AN Photo/File)

RIYADH: The Saudi Tourism Development Fund has allocated SR1 billion ($266 million) to back up to 50 medium and small projects the Kingdom’s Minister of Tourism Ahmed bin Aqil Al-Khatib has announced.

He revealed this during the ministry’s second virtual monthly meeting held to review the progress made in this key sector, Al Arabiya reported.

Al-Khatib also discussed the ministry’s efforts to further elevate the tourism sector’s role in the Kingdom.

He revealed that the ministry encourages and motivates small project owners to submit significant feasibility studies in order to obtain the necessary support. This will help them provide highly efficient tourism services. READ MORE.