Tourism Development Fund was established by Royal Decree in June 2020 to empower one of the Kingdom’s most rapidly growing industries. With USD 4 Bn in capital, TDF aims to facilitate local and international investors’ access to high-potential tourism investments across key destinations in the Kingdom.
Anchored by the National Tourism Strategy, the development of Saudi’s tourism sector is driven by a bold ambition to bolster Saudi’s reputation as a top tourism destination in the world. With unwavering government support, the National Tourism Strategy is the cornerstone to achieving the aspirations of the tourism sector in Saudi Arabia.
TDF role in supporting Vision 2030
The Tourism value proposition of KSA will capitalize on four key strengths to attract tourists
Building a thriving sector takes more than just capital. The National Tourism Strategy is driven by a strong ecosystem that was created to fulfil its objectives and reshape the Kingdom’s tourism landscape. Positioned at the center of this ecosystem, TDF drives tourism growth by attracting private sector investments and forging partnerships to ensure investors get a unique support system
Contribute to achieving National Tourism Strategy’s objectives by unlocking opportunities in the tourism value chain for private sector investors, while focusing on long-term sustainability
To enable investors driving the development of KSA’s tourism sector
At TDF we adhere to our core values that we believe are essential for success
Our four overarching objectives
Saudi Arabia presents some of the world’s best tourism investment opportunities. But, in a country that opened its doors to tourists in 2019 and is ripe for development, TDF aims to facilitate investor access to the massive opportunities in tourism.
TDF delivers its value proposition as follows:
Developing financial products that suit the needs of SMEs and large institutions
Making the tourism investment more attractive to both lenders and investors, maximizing the impact on the sector
Support investors by providing access to the entire tourism ecosystem (financial support from TDF, licenses and facilitation, promotion and activation from the Tourism Authority)
Establishing partnerships with public and private lenders to unlock investment potential
The National Development Fund approved the appointment of five visionary leaders to TDF’s board, bringing a wealth of tourism and investment expertise
An experienced management team to lead on success of the Fund.