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.
The Future Investment Initiative (FII) Institute and the Saudi Tourism Development Fund have signed a strategic partnership agreement on the sidelines of PRIORITY, FII Institute’s latest event in New York. Under the agreement, both parties will work together in advancing projects and initiatives in line with the FII Institute’s core focus areas.
The Tourism Development Fund (TDF) signed a Memorandum of Understanding (MoU) with the Saudi Endeavor Network, the local representative of Endeavor International, with the aim of enhancing opportunities for cooperation between the two parties in supporting and empowering local and international entrepreneurs in the tourism sector. This will enable them to benefit from support programs, financing and investment solutions, and services provided by both parties.
The Tourism Development Fund (TDF) signed here today a memorandum of understanding (MoU) with Jahez company, which is specialized in providing delivery services for restaurants and cafés.