2007 News Story

Arab Tourism Bank to be established

The Arab Tourism Organization and Siraj Capital Group signed an agreement in Jeddah yesterday to establish the Arab Tourism Bank. The new bank, which will have a capital of $2 billion, is expected to contribute to the development of the tourism sector in Arab countries.

Secretary-General of the Supreme Tourism Commission Prince Sultan bin Salman and the Lebanese Minister of Tourism Joseph Sirkeis witnessed the signing of the agreement.