Saudi Tourism Development Fund approves tourism projects worth $400m

Saudi Arabia’s Tourism Development Fund approved six strategic tourism projects worth SR1.5 billion ($400 million) in the first quarter of 2022, Argaam has reported.

On its official Twitter account, the fund stated that it launched three main programs, in cooperation with the Small and Medium Enterprises Loan Guarantee Program.

The fund also concluded partnerships and agreements with the Ministry of Culture, the Cultural Development Fund, Radisson Blu and Deutsche Hospitality.