Saudi Arabia called on donor countries to participate in financing the first international fund dedicated to supporting the tourism sector. The Kingdom stressed that the Covid-19 pandemic had highlighted the importance of the sector as a key driver in advancing growth and recovery.
In a speech at the Spring Meetings of the International Monetary Fund and the World Bank Group, Saudi Minister of Tourism Ahmed Al-Khatib said that the Saudi government’s pledge to provide $100 million to establish the Tourism Support Fund, in cooperation with the World Bank, would contribute to help communities affected by the Covid-19 pandemic to overcome the devastating impact of the crisis.
