Saudi Ministry of Finance funds a three-star hotel in Jizan

Saudi Ministry of Finance funds a three-star hotel in Jizan

Share:

Aerial shot of Jizan – Image via UNWTO.

Seventeen projects in health, education, and hospitality, were funded through loans signed by the Saudi Ministry of Finance. Loans amount to USD 201.5 million, reported Asharq Al-Awsat newspaper.

The total investment in these projects is USD 410.6 million. The projects include a hospitality project for a three-star hotel in Jizan.

Deputy Minister of Finance Dr. Hamad bin Suleiman al-Bazai emphasized that the private sector is one of the main pillars of the national economy and a strategic partner in development.

Bazai stressed that this move supports the participation of this vital sector in the comprehensive development plans in accordance with the objectives of Vision 2030.

Add to Favorites