Tourism minister says govt land offered to private sector to develop resorts, malls

The Saudi government offered land plots to the private sector to build resorts, malls and tourist attractions, Minister of Tourism Ahmed Al-Khatib said during a meeting of G20 tourism ministers.

“The Saudi Tourism Development Fund will support the market with about up to 500,000 key rooms by 2026,” Al-Khatib said.

Banks also joined the tourism development fund, with an allocated credit limit of up to SAR 150 billion to support the private sector, the minister said.