Media Center
Check out how TDF is enabling private sector investments in tourism through the latest news, events, updates, and more.
24 May 2021 | TDF in the News
Saudi tourism fund signs deal to boost investments
Saudi Arabia's Tourism Development Fund (TDF) on Monday signed two agreements with the Arab National Bank (ANB) to increase the financing of tourism projects in the Kingdom.
One agreement includes the provision of joint financing mechanisms between the two parties to support tourism projects in the Kingdom. The other deal spells out mechanisms to provide TDF with financial guarantees to provide financing solutions to small and medium enterprises (SMEs) in the tourism sector.
Qusai Al-Fakhri, TDF chief executive officer, said the agreements will give a boost to the Kingdom’s tourism sector.
He said the initiative will help develop tourism agencies in major cities.
Al-Fakhri said Fund will continue forging partnerships with the banking sector to boost investments and help achieve the Kingdom’s goals for the tourism sector.
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.