FINANCIAL NEWS

Saudi- USD1.3b to be invested in tourism

08 May 2013

(MENAFN) The Saudi Commission for Tourism and Antiquities chairman, prince Sultan bin Salman has announced projects worth USD1.3 billion.

He added that a zero interest loan scheme is expected to attract investors.

An emphasis on strategic finance managing is needed in order to boost investor confidence, as banks place strict policies on obtaining finance.

It is worth noting that over USD1.4 billion dollars in infrastructure investments are needed in order to establish a basis for development projects.

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