Prince Sultan praised the program. Prince Sultan bin Salman bin Abdulaziz, President of the Saudi Commission for Tourism and Antiquities, praised the great consensus between the Commission and the Ministry of Finance in developing and adopting the regulations governing the lending program for hotel and tourism projects, appreciating the support and cooperation of the Minister of Finance and officials at the Ministry in this program.
Prince Sultan bin Salman bin Abdulaziz, President of the Saudi Commission for Tourism and Antiquities, praised the recent meeting. <The Authority stressed the importance of this program in stimulating the private sector to inject more quality investments in the tourism and hotel fields, which contributes to increasing the services offered to meet the large demand for domestic tourism and ensures the diversity of tourism services offered in the Kingdom. This contributes to achieving the highest national goals of the Saudi Commission for Tourism and Antiquities, including achieving balanced and sustainable tourism development, raising the levels of tourism services and making their prices affordable for citizens in balance with the service provided.
It is noteworthy that the regulations governing the hotel and tourism project lending program include financing hotel and tourist accommodation projects and their ancillary elements such as villas, hotel suites, halls, conference centers, resorts, tourist lodges, heritage hotels, entertainment cities and new tourist destinations, which are established in less developed cities or governorates with tourist attractions with a population of less than one million according to the latest statistics of the General Statistics and Information Department, or in new tourist destinations.
Notably, the regulation governing the hotel and tourism project lending program includes financing hotel and tourist accommodation projects and their ancillary elements such as villas, hotel suites, halls and conference centers.
