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.
Expanding its roster of collaborators, the Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the Kingdom of Saudi Arabia.
The Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding (MoU) with the Radisson Hotel Group to develop hospitality and tourism projects across the Kingdom of Saudi Arabia. The first project under this memorandum is expected to be announced in H2 of 2023.
Saudi Arabia’s Tourism Development Fund (TDF) announces the signing of a memorandum of understanding (MoU) with MINOR Hotels, a hotel owner, operator, and investor. The MoU aims to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts, and urban hotels within the Kingdom. The first project under this partnership is expected to be announced in the second half of 2023.