Saudi aid agency KSRelief continues operations around the world

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KSRelief officials conducting an ocular inspection in the Muslim city of Marawi in the southern Philippines, which was devastated during a war with Daesh-linked extremists two years ago. (SPA)
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KSRelief delivered seven ambulances in Aden in Yemen last week. (SPA)
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A KSRelief official surveys the devastated Muslim city of Marawi in the southern Philippines, the scene of heavy fighting between government troops and Daesh-linked extremists two years ago. (SPA).
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KSRelief workers distributing relief aid at a village in Yemen last week. (SPA)
Updated 28 July 2019

Saudi aid agency KSRelief continues operations around the world

  • Since its inception, KSRelief has implemented 1,011 projects in 44 countries worth $3,439,139,000

RIYADH: The King Salman Humanitarian Aid and Relief Center (KSRelief) has held technical courses on the maintenance of mobile phones, plumbing and electrical wiring in Lahij governorate, Yemen, benefiting 70 trainees.

These courses are part of the livelihood improvement project to improve the skills of trainees before entering the labor market.

Yemeni Minister of Local Administration and Chairman of the Supreme Committee for Relief Abdul Raqeeb Fatah expressed thanks to King Salman and Crown Prince Mohammed bin Salman for the continuous efforts of the Kingdom in supporting the humanitarian work in his country and taking care of the needy and affected Yemeni people.

He was speaking at a meeting at the headquarters of KSrelief in Riyadh on the humanitarian needs of the Yemenis in the west coast, with the participation of the KSRelief, the Emirates Red Crescent and a number of the international humanitarian organizations.

The center delivered 50 tons of dates as a gift from Saudi Arabia to Comoros in the presence of Saudi Ambassador to Comoros Dr. Hamad Al-Hajri and a representative of the Saudi Ministry of Finance.

Al-Hajri affirmed the depth of the fraternal relations between the Kingdom and Comoros, pointing out that this annual gift comes within the framework of Saudi Arabia's interest in extending bridges of good relations between the two countries. 

Following a meeting with beneficiary families in Amman, a KSRelief team was reassured of the distribution process of dates at the Zaatari camp for Syrian refugees in Jordan.

During the visit, the team listened to the Syrian refugees benefiting from the distribution offered by KSrelief and expressing satisfaction with the quality of the services provided.

The Syrian refugees expressed their great thanks to Saudi Arabia, represented by KSRelief, for the aid they received which, they said, met their daily needs. 

In Senegal, a team of KSRelief handed over a 60-ton shipment of dates to the World Food Program (WFP) for distribution to needy people. Saudi Ambassador to Senegal Fahd bin Ali Al-Dosari signed a memorandum to deliver the date shipment to the Senegalese capital of Dakar.

The Kingdom’s foreign aid efforts have always been on the rise until they hit a record in the last few years, with the volume of Saudi aid, provided impartially to 81 countries, exceeding $86 billion between 1996 and 2018.

King Salman issued his directives on May 13, 2015 to establish the KSRelief to provide various humanitarian and relief programs. Since its inception, KSRelief has implemented 1,011 projects in 44 countries worth $3,439,139,000.

Saudi Tourism Development Fund signs $43bn deal for tourism projects

Updated 51 min ago

Saudi Tourism Development Fund signs $43bn deal for tourism projects

  • Fund to launch investment vehicles to develop tourism with private and investment banks
  • Saudi Arabia wants tourism sector to contribute 10% of GDP by 2030

RIYADH: Up to SR160 billion ($42.66 billion) of tourism projects will be financed in Saudi Arabia after a deal between the Kingdom’s Tourism Development Fund and local banks, the Saudi Press Agency reported.
The agreement was signed by the fund’s CEO Qusai Al-Fakhri, the CEO of Riyadh Bank Tareq Al-Sadhan, and the managing director and CEO of Banque Saudi Fransi, Rayan Fayez, in the presence of Saudi Minister of Tourism and chairman of the fund’s board of directors, Ahmad Al-Khateeb.
The deal is based on establishing financing programs to support and develop the tourism sector with a value of up to SR160 billion and aims to activate the programs agreed on with the two banks. 
“This agreement includes defining ways of cooperation between the fund and the participating banks by setting up mechanisms to support financing tourism projects in various regions of the Kingdom,” according to a statement.
It said the agreement was one of the fund’s efforts to encourage and stimulate investments in the tourism sector and support the private sector, including support for small and medium-sized enterprises (SMEs), by providing a number of financial products.
The fund was founded in June with an initial $4 billion investment and is part of plans to diversify the economy in the face of the coronavirus pandemic and low oil prices.
Al-Fakhri said: “This agreement constitutes an essential step toward supporting and developing tourism projects in the Kingdom.” 
He added that the fund’s role and commitment to supporting and developing the tourism sector continued by stimulating investment and building a solid relationship with banks and financial institutions, which would create distinct investment opportunities in the Kingdom.
The CEO of Riyadh Bank said the bank was proud to form this partnership with the fund, which would enhance the role of banks in supporting the private sector, including SMEs, and enable the development of tourism projects in the Kingdom.
“The tourism sector is one of the most important sectors that support the economy, and we are looking forward to starting an active participation with the fund to support quality projects, which will have an impact on finding promising investment opportunities in the Kingdom,” said Al-Sadhan.
Fayez said that the agreement accompanied the effective role of banks in achieving the objectives of the tourism sector, which was one of the most promising sectors for investment, and would be the beginning of an effective partnership with the fund that would contribute to creating investment opportunities in the Kingdom.
He also said that these agreements played an important role in creating pioneering tourism projects and destinations that, in turn, contributed to achieving the objectives of the National Tourism Strategy.
He added that the strategy aimed to increase the tourism sector’s contribution to the Kingdom’s gross domestic product from 3 to 10 percent, create a million new jobs and receive 100 million local and international visitors by 2030.