Investments in Asir jump from 500 million to 35 billion riyals

The Authority targets SAR 50 billion investments until 2030, with the Public Investment Fund contributing 34 billion to make Asir a year-round tourist destination.
Aseer Region - Investments in Aseer Region

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Hashim Al-Dabbagh, CEO of the Asir Development Authority revealed that investments in Asir region jumped to 35 billion riyals currently, compared to less than 500 million riyals 4 years ago, stressing the progress of making Asir a tourist destination all year round.

Dabbagh revealed in press statements that the volume of investments in the region has increased to 35 billion riyals currently, compared to less than 500 million riyals 4 years ago, stressing the progress of making Asir a tourist destination all year round. <In press statements, Al-Dabbagh explained that the size of investments targeted in the development of the Asir region is 50 billion riyals, including the Public Investment Fund with 34 billion riyals, the private sector with 6 billion riyals, while government spending is 10 billion riyals by 2030. Al-Dabbagh pointed out that the focus in the region's development strategy is to make Asir a global destination throughout the year, as achieving this contributes to reducing prices in terms of increasing the supply of events and hotels and improving services, noting that the second edition of the Asir Investment Forum will be organized next December.

The second edition of the Asir Investment Forum will be held in December.