The Vice President of the Saudi Commission for Tourism and National Heritage for Investment and Tourism Development, Dr. Hamad Al-Ssmail, confirmed that the maximum limit of the loan including buildings, equipment and furniture equivalent to 50% of the estimated cost approved by the Ministry of Finance for the entire project, not exceeding 100,000,000 riyals, and that the loan repayment begins after four years from the date of the loan contract, in ten annual installments, and Al-Ssmail pointed out that there is a higher committee formed by the Ministry of Finance and the General Authority for Tourism and National Heritage, working to review and study borrowing applications.

This came during a workshop on “Lending Rules for Hotel and Tourism Projects,” hosted by the Al-Ahsa Chamber yesterday. This came during a workshop on "Lending Rules for Hotel and Tourism Projects", hosted by Al-Ahsa Chamber yesterday, where the workshop emphasized that lending is for projects that are established in less developed cities or governorates with tourism attractions and a population of less than one million people according to the latest statistics of the Department of Statistics and Information, or in new tourist destinations.

Walid Al-Sma'il pointed out that the Ministry of Finance, with the participation of the General Authority for Tourism and National Heritage, is working on reviewing and considering loan applications.

Walid Al-Hussein, Director of the General Authority for Tourism in Al-Ahsa, pointed out that Al-Ahsa is witnessing a remarkable growth in applications for licenses related to the establishment and operation of tourism and hotel facilities, the volume of hotel investments in the province reached about 1.4 billion riyals, which is expected to add more than 1000 rooms in residential units and hotels of various categories within five years, according to our preliminary estimates.

Walid Al-Hussein, Director of the General Authority for Tourism in Al-Ahsa, said