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Saudi Tourism Development Fund, banks sign deal for up to $42.7 bln of projects

RIYADH, Sept 28 (Reuters) - Saudi Arabia’s Tourism Development Fund on Monday signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($42.66 billion) of tourism projects in the kingdom, state news agency SPA reported.

$1 = 3.7506 riyals Reporting by Aziz EL Yaakoubi and Marwa Rashad; Editing by Andrew Heavens

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