01Oct
Saudi Arabia's New Tourism Development Fund
The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the creation of a Tourism Development Fund ("Fund") with an initial capital of SAR 15 billion (approximately US$4 billion). The Goal: The National Transformation Program ("NTP") aims at, among other things, marketing Saudi Arabia as a tourist destination regionally and globally....
By:
Jones Day
Source Url: https://www.jdsupra.com/legalnews/saudi-arabia-s-new-tourism-development-37035/
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