09 November ‎ 2022 | TDF in the News

Tourism Development Fund, Project Management Institute Sign Agreement to Support Tourism Projects in Saudi Arabia

The Tourism Development Fund (TDF) signed today a cooperation agreement with the Project Management Institute in Saudi Arabia to develop educational programs and training courses for the Fund’s employees, clients, and contracting investors. The agreement aims to help upskill talents and nurture capabilities in the management of tourism projects, in line with the Saudi Vision 2030 objectives.

The agreement was signed at the headquarters of the Tourism Development Fund in Riyadh, in the presence of TDF's CEO Qusai Abdullah Al-Fakhri and the president of Project Management Institute, Kingdom of Saudi Arabia Badr Burshaid. The agreement outlines several shared missions, in which both parties will work together to define an action plan and a cooperation mechanism to share knowledge and expertise related to the best practices, tools and regulations of project management. Both parties will also cooperate in organizing workshops and training courses to develop and improve performance, as well as achieve tangible results on the ground.

Commenting on the agreement, Qusai Abdullah Al-Fakhri, TDF's CEO said: "The Fund is committed through this agreement to supporting and empowering its employees, clients and contracting investors, as well as developing capabilities to manage tourism projects according to the best international practices. This in turn allows human talents to offer disruptive solutions to challenges, turning them into opportunities and achievements. The agreement is vital to fulfilling the Fund’s objectives to develop and prepare human resources for the promising future of the tourism industry in Saudi Arabia, enhancing its competitiveness in line with the tourism sector’s growth goals."

Badr Burshaid, the president of Project Management Institute, Kingdom of Saudi Arabia, said: "The agreement with the Tourism Development Fund is part of a series of agreements with several sectors and organizations, confirming the Institute’s commitment to providing training courses that are aligned with our vision to be the leading institution in the field of project management in the Kingdom. Our aim is to promote and enrich leadership skills: we are committed to equipping individuals with the necessary capabilities to offer value to stakeholders through the successful execution of projects. The training and development process is based on our innovative project management methodology. The Institute highly values the excellent performance of its trainees and is committed to providing a professional community of project managers, as part of the Kingdom’s development and implementation of Saudi Vision 2030."

The agreement reflects both parties’ commitment to aligning their efforts and bolstering cooperation to enhance the efficiency of the Fund’s employees and clients, and to share knowledge in the field of project management. It also helps create an integrated ecosystem that will develop professional project management policies and procedures, enhancing the efficient and speedy execution of projects, to the benefit of both parties.

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