Finance Program, which is designed to provide the best solutions and soft financing products for small and micro enterprises, to enable them to benefit from promising opportunities in various fields of tourism.
The announcement was made after the Fund signed, at its headquarters in Riyadh, a financing agreement with the Arab National Bank, as part of the Fund's efforts to enhance tourism opportunities in the main destinations identified by the National Tourism Strategy and to maximize the societal impact of tourism development projects in the Kingdom.
The agreement, which was signed by TDF CEO, Qusai Abdullah Al-Fakhri, and the Managing Director and CEO of the Arab National Bank, Obaid Abdullah Al-Rasheed, was also attended by several officials from both sides.
Al-Fakhri highlighted the signing of this agreement with the Arab National Bank and the launch of the tourism financing program, expressing optimism for the important role that the program will play in achieving the objectives of the Fund by supporting micro and small enterprises and entrepreneurs in the field of tourism.
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.
The Tourism Development Fund (TDF) and Hilton have signed a Memorandum of Understanding (MoU) to support the establishment of a strategic partnership with the objective of launching several leisure entertainment tourism destinations across the KSA.
The Tourism Development Fund (TDF) which entered into a tripartite partnership with Ennismore, the fastest-growing lifestyle hospitality company in the world, and Al Rajhi Capital, one of the leading Asset Managers in Saudi Arabia, has identified multiple sites to develop exciting lifestyle developments across the Kingdom, including urban beachfront sites.