Up to $2.7 billion to be raised by Saudi Red Sea tourism project | Saudi Arabia news | NewsRme

Описание: As per the statement of the CEO of Amaala and the Red Sea Development Company (TRSDC), Saudi Arabia has taken the plan to raise up to $2.67 billion or 10 billion riyals for Amaala in the next year. Amaala is one of the tourism projects of Saudi Arabia on its Red Sea coast.

In order to diversify and create more scopes of economy by increasing new sectors for the national financial assistance, such as tourism, a resort is being built on the North West coast of Saudi Arabia along with the Red Sea Project. This resort has been named Amaala, which along with the Red sea project are utilizing renewable energy marking themselves as green projects.

A large loan was raised for the Red Sea project that took place in the early times of the year. And for the Amaala project, the planned 'green' financing will be followed.

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