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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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