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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
22 November 2021 | TDF in the News
His Excellency Al-Khateeb: Private sector investments in tourism already beginning to pay off
His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of Directors of the Tourism Development Fund (TDF), today praised the Fund’s achievements since its establishment last year, which are contributing significantly to the progress of Saudi Arabia’s National Tourism Strategy (NTS).
27 October 2021 | TDF in the News
Tourism Development Fund, Ennismore Sign MoU to Explore USD 400 Million Investment Fund
The Tourism Development Fund (TDF) and Ennismore today signed a Memorandum of Understanding (MoU) at the 5th Future Investment Initiative (FII) in Riyadh to explore the establishment of a USD 400 million (SAR 1.5 billion) fund that would bring Ennismore’s lifestyle brands to at least 12 destinations in Saudi Arabia.
28 September 2021 | TDF in the News
Saudi Tourism Development Fund signs financing agreements to develop Jeddah projects
Saudi Arabia's Tourism Development Fund (TDF) signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project at the Durrat Al-Arous resort in Jeddah, accordign to an emailed statement.