News dalla rete ITA

4 Ottobre 2021

Arabia Saudita

SAUDI'S PIF TO INVEST $7BN IN ASIR TOURISM

Saudi Arabia’s sovereign wealth vehicle, Public Investment Fund (PIF), plans to invest up to $7bn into the Asir province as part of recently announced plans to grow the south-western region. Asir Development Authority’s (Asda) strategy director, Sultan Zomaia, told local TV channel Asharq the PIF will launch six projects worth $7bn in the province. Zomaia reportedly said in addition to PIF’s contribution, about $2.8bn is expected from the government, and another $4.2bn  in private sector investments, as part of the $14bn plan. Crown Prince Mohammed bin Salman announced the $14bn strategy to grow tourism in the Asir region last week. The crown prince said the strategy seeks to attract 10 million domestic and international visitors to Asir by 2030. The strategy was launched following collaboration between Saudi Arabia’s Development Authorities Support Office (Daso), Asda and the US-headquartered Boston Consulting Group, according to an Arabic-language report by state news agency SPA. Asir has an area of more than 81,000 square kilometres and has two airports, including an international facility in Abha and a domestic hub in Bisha. The kingdom’s supervisory committee for privatisation in the transport sector has approved the appointment of consultants and budgets to study a new Abha International airport programme, aimed at growing passenger numbers to 10 million a year, across a total area of 125,000 square metres. First phase plans for the project include 10 travel gates, 14 bridges for medium-sized aircraft, six aircraft stands, 20 check-in counters and spaces for customs, inspection and baggage control, the state news agency’s report added. (ICE RIYADH)


Fonte notizia: Meed