REUTERS NEXT-Saudi heritage site to offer investors projects worth $1.6 billion
By Yousef Saba
ABU DHABI (Reuters) -Saudi Arabia's AlUla cultural heritage site plans to offer projects worth 6 billion riyals ($1.6 billion) for private sector participation, a tourism chief said on Wednesday.
AlUla, which attracted 300,000 visitors last year, is mainly funded by the Saudi finance ministry and now hopes to draw in private funds, Phillip Jones, chief tourism officer of the Royal Commission for AlUla (RCU), said in an interview at the Reuters NEXT Gulf Summit in Abu Dhabi.