23 July 2020 | TDF in the News
CEO of Tourism Development Fund: the Fund Aims to Facilitate Investment in Tourism Sector
The CEO of the Tourism Development Fund, Qusai AI-Fakhri has revealed that the fund aims to stimulate and facilitate investment in the tourism sector, which is one of the most promising economic sectors in the Kingdom of Saudi Arabia.
Al-Fakhiri pointed out that the launch of the Tourism Development Fund reflects the vital importance of the tourism industry as a long-term engine of the Kingdom's economy, and provides tremendous opportunities for local and international investors to implement promising projects that will enhance and raise the level of the tourism experience in the Kingdom.
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.