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.
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.
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.
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.