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
12 December 2022 | TDF in the News
Saudi Tourism Development Fund’s Launches AWN Tourism and Hospitality Program to Unlock Growth in Small and Micro Tourism Businesses
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.
24 November 2022 | TDF in the News
Tourism Development Fund partners with Hilton to develop iconic leisure tourism destinations in the Kingdom
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24 November 2022 | TDF in the News
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