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 September 2022 | TDF in the News
Tourism Development Fund is Strategic Partner for FII Institute
The Future Investment Initiative (FII) Institute and the Saudi Tourism Development Fund have signed a strategic partnership agreement on the sidelines of PRIORITY, FII Institute’s latest event in New York. Under the agreement, both parties will work together in advancing projects and initiatives in line with the FII Institute’s core focus areas.
21 September 2022 | TDF in the News
TDF Signs MoU with Saudi Endeavor Network to Support Entrepreneurs in Tourism Sector
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30 August 2022 | TDF in the News
TDF Signs MoU with Jahez Company to Provide Credit Facilities to Jahez’s Clients to Enhance Restaurants and Cafés Sector’s Activities in Tourist Destinations
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