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SHARE Saudi Arabia’s Tourism Development Fund (TDF) will jointly finance a 1.3 billion Saudi riyals ($346 million) project in Madinah aimed at capitalising the tourism potential of the holy city. The fund signed an agreement on Thursday with Knowledge Economic City and Riyad Bank to finance the development of KEC Hub , a 68,000 square metre tourism complex in Madinah. “This agreement is one of several successful agreements with local banks aimed at providing investors with attractive financial solutions that encourage investments into this promising sector,” Qusai Al Fakhri, chief executive of TDF said in a statement. “It exemplifies our commitment to delivering on the National Tourism Strategy, increasing the GDP contribution of the tourism sector from 3 per cent to 10 per cent by 2030 and creating one million new jobs.” ....
Saudi Tourism Fund enlists Riyad Bank for 1.3 billion-riyal project gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Dubai: Saudi Arabia’s Tourism Development Fund (TDF) in cooperation with Riyadh Bank will finance 1.3 billion Saudi riyals ($346.7 million) project in Medina aimed at capitalising on the tourism potential of the holy city, state Saudi Press Agency (SPA) said. The fund signed an agreement with the Knowledge Economic City and Riyadh Bank to finance the development of the “Knowledge City Forum” project, a 68,000-square-metre tourism complex in Medina, making it among the biggest qualitative tourist projects in the holy city. The multi-purpose project will include a five-star hotel that will be operated by a renowned world trademark, in addition to several tourist and entertainment facilities, shopping malls, restaurants and coffee shops, which will enrich the experience of tourists in the area. ....
King Salman leads Saudi delegation to global summit on climate change April 22, 2021 Custodian of the Two Holy Mosques King Salman will lead Saudi Arabia’s delegation to Leaders Summit on Climate being hosted by US President Joe Biden. Saudi Gazette report RIYADH Custodian of the Two Holy Mosques King Salman will lead Saudi Arabia’s delegation to Leaders Summit on Climate being hosted by US President Joe Biden, the Saudi Press Agency reported early Thursday.
The two-day virtual summit will be launched on Thursday and will be attended by world leaders. The summit is an extension of global efforts to address the challenges of climate change and mitigate its effects. ....