Royal Commission for AlUla and World Bank sign sustainable regeneration agreement – The National
- Date: 22-Nov-2022
- Source: The National
- Sector:Financial Services
- Country:Saudi Arabia
Royal Commission for AlUla and World Bank sign sustainable regeneration agreement – The National
The Royal Commission for AlUla (RCU) and the World Bank have signed a new long-term strategic partnership to support and enable the sustainable regeneration of the kingdom's Unesco-listed region to benefit the economy and community.
Under the one-year renewable partnership, the RCU and specialists from the World Bank will identify and develop heritage and tourism-focused small and medium enterprise operations and spur the area's transformation into a tourism and investment centre.
“Ensuring the sustainability of RCU’s AlUla project is essential to its long-term success and the county’s transformation into a business, investment, and tourism focal point for the region,” said Moataz Kurdi, chief county operations officer of the RCU.