Al-Marsad newspaper – SPA: The Tourism Development Fund announced today the launch of the tourism financing program, which is designed to provide the best distinctive solutions and soft financing products for small and micro enterprises, in order to enable them to take advantage of promising opportunities in various fields of tourism.
This came after the Fund signed at its headquarters in Riyadh a financing agreement with the Arab National Bank, as part of the Fund’s efforts to enhance tourism opportunities in the main destinations identified by the National Tourism Strategy, and to maximize the societal impact of tourism development projects in the Kingdom.
Under this agreement, the Tourism Development Fund and the Arab National Bank will work to develop a financing mechanism supported by the joint financing program with a value of up to 300 million riyals, while providing all the possibilities and the necessary advisory and financing support for micro and small enterprises, to take advantage of the promising opportunities in the tourism sector and contribute to supporting the output local and job opportunities.