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His Excellency Al-Khateeb: Private sector investments in tourism already beginning to pay off
22 November 2021 | TDF in the News
His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of Directors of the Tourism Development Fund (TDF), today praised the Fund’s achievements since its establishment last year, which are contributing significantly to the progress of Saudi Arabia’s National Tourism Strategy (NTS).
His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of Directors of the Tourism Development Fund (TDF), today praised the Fund’s achievements since its establishment last year, which are contributing significantly to the progress of Saudi Arabia’s National Tourism Strategy (NTS).
TDF in the News
27 October 2021 | TDF in the News
Tourism Development Fund, Ennismore Sign MoU to Explore USD 400 Million Investment Fund
The Tourism Development Fund (TDF) and Ennismore today signed a Memorandum of Understanding (MoU) at the 5th Future Investment Initiative (FII) in Riyadh to explore the establishment of a USD 400 million (SAR 1.5 billion) fund that would bring Ennismore’s lifestyle brands to at least 12 destinations in Saudi Arabia.
28 September 2021 | TDF in the News
Saudi Tourism Development Fund signs financing agreements to develop Jeddah projects
Saudi Arabia's Tourism Development Fund (TDF) signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project at the Durrat Al-Arous resort in Jeddah, accordign to an emailed statement.
13 September 2021 | TDF in the News
TDF and Seera Group partner to develop the first sustainable tourism project in Al Baha
The Tourism Development Fund (TDF) and Seera Group today signed a financing agreement to establish and operate the Raghadan Tourist Resort, the first sustainable tourism project in the Al Baha region – one of the main investment destinations identified under Saudi Arabia’s National Tourism Strategy.
12 September 2021 | TDF in the News
KSA Tourism Development Fund to finance $133mln project in Baha
Saudi Arabia’s Tourism Development Fund will finance a resort in Baha, which is slated to be the biggest project in the history of the region at a cost of SR500 million ($133 million). Spread over an area of 50,000 sq. meters, the project will take five years for completion. implementation period is five years. Baha Gov. Prince Hussam bin Saudi Al-Saud will lay the cornerstone.
24 August 2021 | TDF in the News
GEA and Tourism Development Fund signed Memorandum of Understanding in Support of the Private Sector
Aiming to support the private sector in its entertainment and tourism efforts, the General Entertainment Authority (GEA) and the Tourism Development Fund have signed a memorandum of understanding (MoU) outlining their collaboration across several interrelated areas. The MoU aims to secure funding for targeted projects in the entertainment and tourism sectors to stimulate their growth in line with the goals of Saudi Vision 2030.
15 June 2021 | TDF in the News
A partnership between “Tourism Development” and “Extreme” to activate quality tourist destinations
The Saudi Tourism Development Fund signed an exclusive investment partnership agreement with Xtreme International to activate quality tourist destinations. The agreement aims to invest in developing and activating quality tourist destinations that include the various sectors targeted by the fund, including accommodation, adventure and entertainment activities, and organizing trips and experiences, directly or indirectly, in cooperation with local and international investors and operators.
14 June 2021 | TDF in the News
Tourism Development Fund Signs Financing Agreement for Hotel Project within Ajdan Waterfront
Saudi Arabia’s Tourism Development Fund recently signed a financing agreement with Ajdan Real Estate Development Company, for the construction of a five-star hotel as part of the Ajdan Waterfront project in Al Khobar. The project is the first to be supported by the Fund in the Eastern Province.
24 May 2021 | TDF in the News
Saudi tourism fund signs deal to boost investments
Saudi Arabia's Tourism Development Fund (TDF) on Monday signed two agreements with the Arab National Bank (ANB) to increase the financing of tourism projects in the Kingdom.
29 April 2021 | TDF in the News
Tourism Development Fund and Riyad Bank launch "Tourism Partners" program with a financing value of up to 2 billion riyals to support tourism projects
The Tourism Development Fund and Riyad Bank today launched the Tourism Partners program, the first of its kind involving the public and private sectors in accordance with specific performance indicators on both sides in order to enable the development of quality tourism facilities and activities across the Kingdom with a financing value of up to 2 billion riyals to support the financing of tourism projects to be worked on in 2021.
22 April 2021 | TDF in the News
Tourism Development Fund Signs Finance Agreement for Knowledge City Forum Project with more than SR1 Billion
Tourism Development Fund (TDF), in partnership with Riyad Bank, on Wednesday signed a finance agreement for the Knowledge City Forum with the Knowledge Economic City, as part of TDF’s efforts in boosting the development of qualitative tourist destinations in the Kingdom of Saudi Arabia. The project will be established over an area of 68,000 square meters with a total value of 1.303 billion riyals, making it among the biggest qualitative tourist projects in Al-Madina Al-Munawwarah. The multi-purpose project will include a five-star hotel that will be operated by a renowned world trademark, in addition to several tourist and entertainment facilities, shopping malls, restaurants and coffee shops, which will enrich the experience of tourists in the area.
28 October 2020 | TDF in the News
Tourism Fund, Fakieh Group sign MoUs to set up 2 projects in Taif, Jeddah
The Tourism Development Fund (TDF) signed two memorandums of understanding (MoUs) with Fakieh Group to establish two mega tourism projects in Taif and Jeddah. The signing ceremony was held at the fund's headquarters in Riyadh.
28 September 2020 | TDF in the News
Saudi Tourism Development Fund signs $43bn deal for tourism projects
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.
23 July 2020 | TDF in the News
CEO of Tourism Development Fund: the Fund Aims to Facilitate Investment in Tourism Sector
The CEO of the Tourism Development Fund, Qusai AI-Fakhri has revealed that the fund aims to stimulate and facilitate investment in the tourism sector, which is one of the most promising economic sectors in the Kingdom of Saudi Arabia.
16 June 2020 | TDF in the News
Saudi Arabia's New Tourism Development Fund
Saudi Arabia's Vision2030 is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors, including tourism. Under Vision2030, the NTP, a coordinating unit involving 24 Saudi government entities, aims to develop the government capacity and capabilities required to establish the necessary legal and physical infrastructure to achieve Vision2030's goals.