Saudi Arabia launches investment fund in the field of culture, tourism and sports
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Saudi Arabia launches investment fund in the field of culture, tourism and sports

News  
01-18-2023
 

Saudi Crown Prince Mohammed bin Salman has announced the launch of an investment fund under his auspices to support national culture, tourism and sports.

According to the Saudi SPA news agency, the fund's goal is to create a sustainable infrastructure that will increase the share of the tourism industry in the national GDP from 3% to 10% and ensure the influx of 100 million tourists to the country by 2030.

By attracting foreign investment, the Saudi authorities expect to build 35 unique tourist, cultural, entertainment and sports facilities in the country within two decades.

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