Saudi Arabia announces first batch of hospitality investment projects worth $1.78bn

RIYADH: Saudi Arabia has approved 19 projects across five tourism destinations under its Hospitality Investment Enablers Program, which is expected to attract SR6.7 billion ($1.78 billion) in investment and create more than 17,000 jobs. The initiatives will be rolled out across five destinations, including Al-Baha, Al-Ahsa, Jeddah, Asir and the Eastern Province, with 19 companies, including BSF Capital, Sedal, Rikaz and Jenan among the participating firms. The undertaking, led by the Ministry of