Tourism Community Initiative is a fund which aims to raise a total of $500 million in its five-year first phase

Ahmed Al Khateeb, Saudi Minister for Tourism.

Saudi Arabia has become the first country to pledge financial support to the Tourism Community Initiative, a fund which aims to raise a total of $500 million in its five-year first phase.

Saudi Arabia has committed the first $100 million and has joined the World Bank in inviting other countries to contribute to the global fund.

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