Tourism investment in hotels and rural resorts

  • 9:00 am
  • May 26, 2024

Believing in the direction of His Highness, the Crown Prince, to pay attention to the development and renaissance of Saudi tourism in accordance with the goals of Vision 2030 and in line with the establishment of the Asir Development Authority and the Al-Soudah Development Company Which aims to raise the quality of domestic tourism and develop and increase tourism projects in the southern region.

Praise be to God, a preliminary agreement has been reached with the Tourism Support Fund and the Asir Development Authority to invest and develop a site with an area of 400,000 acres, the first qualitative project in the Kingdom of Saudi Arabia and in the southern region, with annual investment returns estimated at… A total of 45 million riyals, with a total of 675 million riyals over a period of 15 years. Several agreements took place on the margins of the agreement. Meetings and meetings at the Asir Development Authority headquarters, as well as the Tourism Development Fund, and the developments of the deal will be announced in due course.