Riyadh – Mubasher: Saudi Arabia’s Tourism Development Fund signed two cooperation agreements with Riyadh Bank and Banque Saudi Fransi (BSF) to support and facilitate the financing of tourism projects in the kingdom.

The signing ceremony was attended by the Saudi Minister of Tourism, Ahmed Al Khateeb, according to a statement on Monday.

Earlier this day, Seera Group penned a memorandum of understanding (MoU) with the tourism fund to finance the development and construction of some 1,000-room hotels in various Saudi cities, including Riyadh, Jeddah, Al Baha, Abha, Taif, and Hail.