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FINANCIAL NEWS
Turkey, Arab world to boost mutual tourism investments
14 Jul 2011
(MENAFN) The Arab Tourism Organization’s (ATO) president, Bandar Al-Fhaid, said that in order to increase tourism between Turkey and the Arab countries, the ATO and Turkey signed a memorandum of understanding (MOU), reported Arab News.
Al-Fahid added that Turkish investors would be offered attractive incentives to encourage cooperation between the two parties; moreover, the Turkish side increased its efforts to boost its tourism investments in the Arab World.
He also said that Turkey was an important investment destination for Saudi Arabia in all sectors, mainly tourism; the country offered Saudi investors a wide range of incentives.
It is worth noting that Turkish businessmen are considered key investors in the Saudi tourism industry in several sectors like hotels, resorts and training facilities.
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