Saudi Tourism Development Fund, Riyad Bank partner to launch SR2bn financing fund for tourism projects

Financing will be provided in the form of loans or guarantees to enable the development of projects in tourist destinations identified by the national tourism strategy. (SPA)
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Updated 29 April 2021

Saudi Tourism Development Fund, Riyad Bank partner to launch SR2bn financing fund for tourism projects

  • The new program is part of Saudi Arabia’s drive to strengthen partnerships between the government and private sectors

A special SR2 billion ($530 million) fund to help finance public and private sector involvement in Saudi tourism projects was launched in the Kingdom on Thursday.
The Saudi Tourism Development Fund, and Riyad Bank have linked up to establish the Tourism Partners program, the first initiative of its kind in the country allowing both sectors to participate according to specific performance indicators.
Aimed at developing quality tourism facilities and activities in the Kingdom, the program will have a financing value of up to SR2 billion to support the funding of tourism projects being implemented this year.
The new program is part of Saudi Arabia’s drive to strengthen partnerships between the government and private sectors through the Shareek initiative launched by Crown Prince Mohammed bin Salman.
The scheme is designed to open the door to a wider base of small, medium, and large private enterprises and assist them in seizing opportunities in the Saudi tourism industry.
Under the Tourism Partners program three financing options will be available to private sector establishments, valued at between SR1 million and more than SR100 million. Funding will be offered via direct financing from the fund and joint financing with private banks, including Riyad Bank.
In addition, the program will provide guarantees on credit facilities by up to 90 percent in order to enhance investor appetite for tourism projects and reduce investment obstacles in the sector.
CEO of the Tourism Development Fund, Qusai AI-Fakhri, said the launch of the program coincided with the fifth anniversary of Vision 2030 and the crown prince’s announcement of the Shareek initiative which aimed to strengthen partnerships with the private sector by supporting local companies and helping them invest SR5 trillion by the end of 2030.
This would increase the private sector’s contribution to the country’s gross domestic product and create hundreds of thousands of new jobs, he added.
He pointed out that Tourism Partners was the first program in the sector for which specific performance indicators have been set for the fund and Riyad Bank.
Financing will be provided in the form of loans or guarantees to enable the development of projects in tourist destinations identified by the national tourism strategy, including Riyadh, Jouf, Hail, Dammam, Alkhobar, Al-Ahsa, Jeddah, Madinah, Taif, Al-Baha, Asir, and AlUla.
AI-Fakhri noted that the program aimed to finance 36 accommodation projects, including hotels, resorts, hotel apartments, and rural inns, 46 schemes to serve modern living, such as shopping centers, restaurants, cafes, entertainment and commercial complexes, and promotional events, and 31 tourist experience and adventure projects.
“The primary role of the fund as an investor partner in the tourism sector is to find financing solutions to overcome obstacles that may prevent investors from entering into rewarding tourism projects,” he said.
He added that the program would allow investors to finance assets, working capital, supply chains, salaries, and bills.
Tareq Al-Sadhan, CEO of Riyad Bank, said that the bank’s financial, human, and digital capabilities, as well as its technical and digital services infrastructure, were among the strongest and most advanced in the Kingdom.
He noted that the bank’s work with the Tourism Development Fund had been a strategic partnership which helped to enhance the Kingdom’s competitiveness as an easy place to do business and contributed to strengthening its position as a destination for investment and business.
The Tourism Development Fund seeks to be a global model for government initiatives for tourism development.


King Salman appoints woman lawyer as deputy secretary of Saudi council of ministers

Updated 03 July 2022

King Salman appoints woman lawyer as deputy secretary of Saudi council of ministers

  • Shihana Alazzaz was one of first women licensed to practise law in Saudi Arabia
  • Alazzaz also served as General Counsel at the Kingdom's Public Investment Fund

RIYADH: Saudi Arabia's King Salman appointed Shihana Alazzaz as the Deputy Secretary of the Council of Ministers, in a royal decree announced on the Saudi Press Agency. 

Alazzaz was one of the first women licensed to practise law in Saudi Arabia. She was also the General Counsel at Public Investment Fund. 

The royal decree also listed a few a other appointments, including:

- His Highness Prince Abdul Rahman bin Muhammad bin Abdulaziz Al Muqrin is appointed as an advisor at the Royal Court with the rank of Minister.

- Bandar bin Obaid bin Hammoud Al-Rasheed appointed as Secretary to His Highness the Crown Prince, with the rank of Minister. 

- Ahmed bin Sufyan Al-Hassan, as Assistant to the Minister of Transport and Services

- Abdulaziz bin Hamad bin Saleh Al-Rumaih, as Deputy Minister of Health for Planning and Development

- Khalid bin Walid Al-Zaher, Deputy Governor of the Central Bank of Saudi Arabia


Saudi medical team saves life of Iranian Hajj pilgrim in Makkah

Iranian pilgrim Hussain Qasmi Jalmrazy is shown recovering at the emergency room of Makkah's King Abdullah Medical City.
Updated 03 July 2022

Saudi medical team saves life of Iranian Hajj pilgrim in Makkah

  • The medical team offered to perform an open heart operation, but the patient refused this medical procedure

MAKKAH: A specialized team from Makkah’s King Abdullah Medical City has successfully performed an emergency cardiac catheterization procedure to save the life of an Iranian pilgrim on Saturday, the Saudi Ministry of Health said.

In a statement carried by the Saudi Press Agency early Sunday, the ministry said that the Hajj pilgrim was taken to the hospital's emergency department when he complained of severe chest pain while he was on his way to the Grand Mosque in Makkah to perform prayers.

A digital copy of the Iranian pilgrim's Hajj tag, shared on social media by Ekhbariyah TV.

The patient was identified in his Hajj tag as Hussain Qasmi Jalmrazy, from Isfahan in central Iran.

Specialists performed an urgent diagnostic catheterization after examination results "showed the presence of blockage of more than two arteries in the heart," according to the Health Ministry.

The medical team offered to perform an open heart operation, but the patient refused this medical procedure. It was then decided to insert stents instead in the damaged arteries, enabling the patient to recover and continue his pilgrimage, the statement said.

King Abdullah Medical City, with full the support from the Saudi government, offers specialized health care for all Hajj and Umrah pilgrims.

A million Muslims from around the world will perform the Hajj this year, up from only 60,000 vaccinated pilgrims in 2021 and a symbolic 1,000 pilgrims in 2020 at the height of the COVID-19 pandemic. 


Saudi ministry releases Hajj e-guides in 14 languages

Updated 02 July 2022

Saudi ministry releases Hajj e-guides in 14 languages

  • Interactive e-manuals pave the way for ‘perfect Hajj journey’

JEDDAH: The Ministry of Hajj and Umrah, in collaboration with the General Authority for Awqaf, has launched 13 detailed e-manuals offering advice to pilgrims from around the world on a variety of topics.

The guides have been released in 14 languages: Arabic, English, French, Spanish, Turkish, Russian, Persian, Urdu, Bengali, Indonesian, Malay, Hausa, Amharic and Sinhalese.

A ministry video shared on Twitter explains various features of the e-manuals and how the guides function.

“These guiding e-manuals are interactive, and include Shariah and Islamic law, procedural, organizational and health directives which pilgrims will need during their Hajj journey,” the ministry said.

“All you have to do is visit the guide website, pick the language, browse the guide you need, then you can listen or watch the available materials and download it as well.”

The video collected hundreds of thousands of views, with a number of officials commenting on the initiative.
 
Minister of Hajj and Umrah Tawfiq Al-Rabiah shared the video on his official Twitter account and wrote: “For a perfect Hajj journey, here are Hajj guides.”

In a TV interview, Hisham Saeed, assistant undersecretary of the Ministry of Hajj and Umrah for Hajj and Umrah Services, said that the guides’ detailed explanatory infographics and images will give pilgrims an alternative to audio or written materials.

Each catalog is supported by text, images and illustrations, in addition to a set of educational videos and audio materials.
 
Topics include Hajj rituals, as well as Ihram, Mina, Muzdalifah, Arafat Day, Jamarat, Umrah, health awareness, the Grand Mosque, the Prophet’s Mosque and its services, and city landmarks of Makkah and Madinah.

The guides are compatible with all phone operating systems, IOS and Android, and can be reached by visiting guide.haj.gov.sa

The Ministry of Hajj and Umrah seeks to serve pilgrims in a way that enables them to perform their Hajj rituals in the most ideal way possible. The ministry aims to facilitate the journey of pilgrims and enrich their spiritual and Hajj experiences.

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Saudi Hajj ministry announces alternative flights, facilities for pilgrims from UK, Europe and US

Updated 02 July 2022

Saudi Hajj ministry announces alternative flights, facilities for pilgrims from UK, Europe and US

  • Move comes after people faced technical issues while applying for Hajj via the electronic portal
  • Additional seats were added on flights after people reported limited capacities on flights

RIYADH: The Ministry of Hajj and Umrah in Saudi Arabia announced on Wednesday that it will secure alternative flights and provide additional seats for pilgrims coming from Britain, the US, and Europe. 

In cooperation with relevant authorities, visas will also be “issued immediately to the pilgrims entering the Kingdom as part of the efforts”. 

This comes after people faced technical issues while applying for hajj via a new electronic portal called Motawif and had several issues including no access to the limited seats on flights. 

The statement was also confirmed by a ministry spokesperson who spoke exclusively to Katie Jensen, presenter of Frankly Speaking — the weekly political talkshow produced by Arab News.

The technical issues experienced by some pilgrims with the new Motawif online portal are “solvable and being dealt with”, according to the official spokesperson and deputy minister of Hajj & Umrah Services Hesham A. Saeed.

“I am assuring you now that everybody chooses a program, including the air ticket, now it is solvable, they have the air ticket and everything is done now,” he said. 

“(The pilgrims) still have time, the Hajj season still has not started, we still have ten more days to start the Hajj season and all their difficulties, we are solving it now and it is already solved by Motawif company and everything now, Inshallah, is going very fine and smooth,” added Saeed during the interview which will air in full on Sunday July 3 via www.arabnews.com/FranklySpeaking


Grand Mosque ready to receive worshipers on first Friday of Dhu Al-Hijjah – presidency

Updated 01 July 2022

Grand Mosque ready to receive worshipers on first Friday of Dhu Al-Hijjah – presidency

  • Cleaning and sterilization operations have been intensified
  • 600 employees have been enlisted at the mosque to receive visitors

RIYADH: The Grand Mosque in Makkah is fully prepared to receive pilgrims and worshipers on Friday, the General Presidency for the Affairs of the Two Holy Mosques has said.

This Friday will one of the busiest during the year as many pilgrims have already arrived in Makkah ahead of Hajj which will start on the 8th of Dhu Al-Hijjah (July 7).

The presidency has enlisted 400 employees to receive worshipers and pilgrims, direct them to the mataf and various other prayer spaces, and regulate entry and exit to and from the Grand Mosque.

Cleaning and sterilization operations have also been intensified and there has been an increase in Zamzam water being distributed to visitors.

Around 4,000 employees clean the Grand Mosque ten times a day using 13,000 liters of disinfectants.

There are 25,000 Zamzam containers dotted around the mosque, 20 smart carts holding 80 litres of water are in operation, and 516 drinking fountains are available.

600 employees have been enlisted at the doors of the mosque to receive visitors and direct them to the correct areas, organize entry and exit, and support security personnel in diverting and directing worshipers when prayer areas get filled up.

100 employees are on hand to help pilgrims perform tawaf and other rituals in accordance with the correct manner, the presidency added.