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

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12 December ‎ 2022 | TDF in the News
Saudi Tourism Development Fund’s Launches AWN Tourism and Hospitality Program to Unlock Growth in Small and Micro Tourism Businesses

The Tourism Development Fund (TDF) has launched the AWN Tourism and Hospitality program to support small and micro tourism businesses in the Kingdom of Saudi Arabia with the resources they need to realize their objectives and aspirations within the tourism industry.

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24 November ‎ 2022 | TDF in the News
Tourism Development Fund partners with Hilton to develop iconic leisure tourism destinations in the Kingdom

The Tourism Development Fund (TDF) and Hilton have signed a Memorandum of Understanding (MoU) to support the establishment of a strategic partnership with the objective of launching several leisure entertainment tourism destinations across the KSA.

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24 November ‎ 2022 | TDF in the News
Lifestyle Hospitality Fund - established by anchor investor TDF along with Ennismore and Al Rajhi Capital - has identified touristic sites to develop exiting projects across the kingdom

The Tourism Development Fund (TDF) which entered into a tripartite partnership with Ennismore, the fastest-growing lifestyle hospitality company in the world, and Al Rajhi Capital, one of the leading Asset Managers in Saudi Arabia, has identified multiple sites to develop exciting lifestyle developments across the Kingdom, including urban beachfront sites.