07 November ‎ 2024 | TDF in the News

TDF Wraps Up World Travel Market 2024 with Landmark Achievements, Paving the Way for Saudi Arabia’s Global Tourism Leadership

The Tourism Development Fund (TDF) successfully concluded its participation in the World Travel Market 2024 in London, reinforcing Saudi Arabia’s position as a leading global tourism hub and highlighting the vast investment opportunities within the Kingdom's tourism sector. Over the course of the event, TDF engaged with top industry leaders, investors, and decision-makers from around the world to attract high-value foreign investments that align with the National Tourism Strategy and support Saudi Vision 2030.

As part of its presence within the Saudi Land pavilion, TDF showcased a diverse range of current and future projects aimed at enhancing the Kingdom’s tourism sector. The Fund emphasized its suite of innovative financing solutions and investment incentives. These efforts were crowned by the signing of a Memorandum of Understanding (MoU) with Dusit International, which focuses on developing luxury hospitality projects in key destinations across Saudi Arabia, offering guests unique and elevated tourism experiences.

Throughout the event, TDF representatives provided in-depth briefings on the Fund’s ongoing initiatives and achievements. They underscored TDF’s critical role in supporting tourism ventures and developing premier tourism destinations that align with Saudi Arabia's long-term vision. The team emphasized the significance of international collaborations, which are instrumental in building sustainable tourism sector that benefits both investors and visitors.

In addition to promoting Saudi Arabia as a premier destination for tourism investments, TDF highlighted the Kingdom’s development to strategic partnerships across various sectors, particularly in hospitality and leisure tourism. The Fund reiterated its commitment to backing high-impact projects that will help achieve the Saudi Vision 2030 target of increasing tourism's contribution to the national economy.

TDF’s participation in the World Travel Market 2024 is the culmination of its ongoing efforts to elevate Saudi Arabia as a top destination for tourism investment. It also reaffirms the Fund’s commitment to supporting sustainable projects that expand the tourism offerings and services available to both visitors and investors, in line with the Kingdom’s ambition to become a global tourism powerhouse.