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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.
Under the first MoU, a project that will be the first of its kind will be established in Taif on a land plot of more than 165,000 square meters.
The project will comprise a resort and a five-star, 200-bed hotel, a group of restaurant brands, and entertainment zones.
Meanwhile, both parties under the second MoU will develop Al-Nawras Island on Jeddah Corniche to become a beachfront that features entertainment facilities, bay walk for visitors, restaurants, yachts club and a marina.
Other News
22 November 2021 | TDF in the News
His Excellency Al-Khateeb: Private sector investments in tourism already beginning to pay off
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).
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.