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Saudi Arabia to Allocate $100 Million for 1st Global Tourism Fund


Thursday, 27 May, 2021 - 10:15
Saudi Arabia hosts the first global summit with wide international participation to discuss the recovery of the tourism sector internationally (Asharq Al-Awsat).
Riyadh - Fatehelrahman Yousif
In partnership with the World Bank, Saudi Arabia made a pledge of USD100 million for the establishment of a global fund to support tourism, as the first international fund of its kind to stimulate the sector’s post-pandemic growth.
The announcement came during a summit launched on Wednesday in Riyadh with the participation of tourism ministers and relevant international organizations, to discuss ways to reshape the future of tourism that has collapsed with the outbreak of the COVID-19 pandemic. ....

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With Improving COVID Numbers, MENA Region Attempts to Draw Visitors From Abroad


With Improving COVID Numbers, MENA Region Attempts to Draw Visitors From Abroad
Tara Kavaler
Saudi Arabia reportedly close to allowing foreign visitors, contributes $100 million to bolster global tourism
As Israel opened up its borders to small groups of inoculated visitors from abroad for the first time since 2020, Saudi Arabia is reportedly close to renewing its tourist visa program for overseas visitors.
The reported decision comes on the heels of Riyadh’s announcement May 26 that it would contribute $100 million to a novel International Fund for Comprehensive Tourism with the World Bank, to help support the beleaguered industry worldwide as it tries to recover from the financial toll of the pandemic. That same day, the UN World Tourism Organization opened its first bureau outside of Spain in the Saudi Arabian capital. ....

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