The Saudi Tourism Investment Company (ASFAR) has signed an agreement with Alojaimi Holding to collaborate in developing a major urban resort in Hail, Arab News reported.
As a wholly owned company by the Public Investment Fund (PIF), ASFAR held the signing ceremony on the sidelines of events for the PIF and private sector.
The resort will span an area of 50,000 sq. meters and boast various facilities and services, a bazaar, as well as restaurants and cafes.
Commenting on the occasion, ASFAR CEO Fahad bin Mushayt stated that the destination will make a real difference in Hail’s tourism infrastructure.
In line with the Saudi Vision 2030, the resort will further diversify the economy and improve the region.
The CEO underscored that Hail represents one of the most promising destinations in the Kingdom and features multiple tourism potentials.
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