This agreement covers all kinds of touristic activities and preserves Saudi heritage.

The Saudi Commission for Tourism and Antiquities (SCTA) recently signed an agreement with Saudi Credit and Saving Bank (SCSB) to finance tourism and heritage sites across the Kingdom and contribute to the creation of a large number of jobs for Saudi youth.

The agreement was signed by Prince Sultan bin Salman, SCTA’s president, and Ibrahim bin Abdul Aziz Al-Henaishil, director general of SCSB, on the sidelines of the 4th National Urban Heritage Forum (NBHF), which concluded Thursday in Asir, an SCTA spokesman said.

Before signing the agreement, Prince Sultan expressed his appreciation of the role played by the SCSB in financing tourism and heritage projects and commended the special partnership between SCTA and the bank.

Prince Sultan referred also to the commitment between his organization and the banking entity in developing diverse tourism activities and projects.

“Supporting such projects will create a large number of jobs for Saudi youth as well as contribute to the development of domestic tourism throughout the Kingdom,” the SCTA official said.

Commenting on the recently signed agreement, Al-Henaishil stressed that it will further enhance cooperation between his bank and the tourism commission.

He described SCTA as one of SCSB’s most important partners.

“This agreement covers all kinds of touristic activities and preserves our heritage. It’s divided into several categories according to the volume of finance and targeted groups, starting with productive families, to small and medium enterprises ending with public projects that have developmental goals,” Al-Henaishil underlined.

He added that through this agreement, SCSB offers loans free of interest according to SCTA’s plans and vision and consistent with the bank’s regulations.

The funding may reach up to SR4 million, he pointed out.

The agreement complements the previously signed document between the two organizations and comes in line with the new finance plans created by SCSB, which require a sponsor authority for financing services,the official added.

 
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