12 June ‎ 2022 | TDF in the News

Tourism Development Fund Launches "Tourism Finance Program"

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.

Other News

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09 November ‎ 2022 | TDF in the News
Tourism Development Fund, Project Management Institute Sign Agreement to Support Tourism Projects in Saudi Arabia

The Tourism Development Fund (TDF) signed today a cooperation agreement with the Project Management Institute in Saudi Arabia to develop educational programs and training courses for the Fund’s employees, clients, and contracting investors. The agreement aims to help upskill talents and nurture capabilities in the management of tourism projects, in line with the Saudi Vision 2030 objectives.

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27 October ‎ 2022 | TDF in the News
Tourism Development Fund Signs Financing Agreement with Dana Bay Tourism Company to Develop Mixed-use beach Resort Project in the Eastern Province

The Tourism Development Fund (TDF) signed a financing agreement with Dana Bay Tourism Company, to participate in financing a closed real estate fund worth SAR 644 million. The agreement aims to develop a mixed-use beach resort project that enjoys a unique location on the Eastern Province containing luxurious villas managed by IHG, represented by the InterContinental brand.

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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.