Saudi Arabia's Tourism Development Fund (TDF) signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project at the Durrat Al-Arous resort in Jeddah, accordign to an emailed statement.
Saudi Arabia’s Tourism Development Fund signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project at the Durrat Al-Arous resort in Jeddah, accordign to an emailed statement.
Under the deal, the tourism fund provide funds for the development of “Durrat Lagoon,” which will be operated by Hotel Indigo.
“The financing and support services provided by the Tourism Development Fund contribute significantly to enhancing the experiences of investors and the value of their projects, as well as boosting the Kingdom’s ability to attract tourists from around the world,” Mohiuddin Saleh Kamel, vice chairman of Dallah Al-Baraka Group, said.
The second agreement was signed with 17Sixty to provide a variety of recreational activities enabling visitors of Durrat Al-Arous resort to safely explore the depths of the Red Sea.
“TDF is focused on providing innovative solutions that link investors to the abundant opportunities in the Saudi tourism sector, contributing to achieving the objectives of the National Tourism Strategy and consolidating the Kingdom’s position as a tourist destination that attracts visitors from all over the world,” the fund’s CEO, Qusai Al-Fakhri, said.
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.
The Tourism Development Fund (TDF) signed a Memorandum of Understanding (MoU) with the Saudi Endeavor Network, the local representative of Endeavor International, with the aim of enhancing opportunities for cooperation between the two parties in supporting and empowering local and international entrepreneurs in the tourism sector. This will enable them to benefit from support programs, financing and investment solutions, and services provided by both parties.
The Tourism Development Fund (TDF) signed here today a memorandum of understanding (MoU) with Jahez company, which is specialized in providing delivery services for restaurants and cafés.