Saudi Arabia: Tourism Development Fund to co-finance SR1.3bn project in Medina
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 wi...
Source: gulfnews.com