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.