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
18 May 2023 | TDF in the News
Saudi Tourism Development Fund Collaborates with Hyatt to Develop Hospitality Focused Destinations in Saudi Arabia
Expanding its roster of collaborators, the Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the Kingdom of Saudi Arabia.
17 May 2023 | TDF in the News
TDF Announces Partnership with Radisson Hotel Group to Develop Several Hotels and Resorts Across Saudi Arabia
The Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding (MoU) with the Radisson Hotel Group to develop hospitality and tourism projects across the Kingdom of Saudi Arabia. The first project under this memorandum is expected to be announced in H2 of 2023.
16 May 2023 | TDF in the News
Saudi Tourism Development Fund Announces Future Partnership with MINOR Hotels to Develop Multiple Hospitality Projects across KSA
Saudi Arabia’s Tourism Development Fund (TDF) announces the signing of a memorandum of understanding (MoU) with MINOR Hotels, a hotel owner, operator, and investor. The MoU aims to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts, and urban hotels within the Kingdom. The first project under this partnership is expected to be announced in the second half of 2023.