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) today announced the signing of a tripartite agreement with Ennismore, the world’s largest and fastest-growing lifestyle hospitality company, and Al Rajhi Capital, one of the leading Asset Managers in the Kingdom of Saudi Arabia. The agreement aims to establish a hospitality investment fund that will advance lifestyle hotels with a capital of SAR 1.5 billion, enhancing promising sector-leading opportunities in various tourist destinations within the Kingdom.
The Tourism Development Fund (TDF) today announced the signing of a Memorandum of Understanding (MoU) with Melia Hotels International, one of the world’s leading hotel groups in leisure segment. The MoU was signed at TDF’s headquarters in Riyadh by Qusai Al-Fakhri, CEO of the Tourism Development Fund, and Gabriel Escarrer, CEO and Vice Chairman of Melia Hotels International.