Saudi government-owned tourism fund launches $80m program to finance sector’s SMEs

RIYADH: Saudi Arabia’s state-owned tourism fund launched a SR300-million ($80 million) program with Arab National Bank to provide funding to small and medium size businesses in the sectors.

Under the joint-financing program, the Fund and ANB will provide up to SR3 million to SMEs to support them and to boost the tourism sector.

Read More: Tourist businesses given $80m funding injection amid Saudi plans to grow sector