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Saudi PIF sets up new tourism investment company Asfar

Saudi Arabia’s sovereign wealth fund PIF (The Public Investment Fund) today (July 27) announced the establishment of the Saudi Tourism Investment Company (Asfar) to support the growth of the country’s tourism sector. 

The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist hotspots, retail, and food and beverage offerings in cities across Saudi Arabia, in addition to investing in the local tourism value chain, reported SPA

Link: http://www.ttnonline.com/ArticleTA/411765/TTN  

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