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.
It will also support the curation of the upcoming sixth edition of the FII forum, which will be held in Riyadh from October 25-27 under the theme of “Impact on Humanity: Enabling a New Global Order”.
Qusai al Fakhri, CEO of the Tourism Development Fund said, “Our partnership with the FII Institute will maximize collaboration as we jointly strive towards encouraging investment in the Kingdom. We look forward to exploring together how the face of tourism is changing and how we can work with global efforts to make tourism growth sustainable.”
The upcoming sixth edition of FII Institute’s flagship event will provide a platform to convene the world’s foremost CEOs, policymakers, investors, entrepreneurs, and young leaders. The event will include in-depth conversations about new pathways for global investment, analysis of critical industry trends, and unparalleled networking opportunities.
The Tourism Development Fund’s partnership with FII Institute is a testament to the Fund’s enthusiasm to contribute to the Institute’s work and its investment in the four key pillars Sustainability, Healthcare, Education, Artificial Intelligence and Robotics, on which the Institute was founded.
The signing ceremony took place in New York, USA, in the presence of TDF's Chief Business Officer, Wahdan Alkadi, and Richard Attias, CEO of the FII Institute.
Richard Attias, CEO of the FII Institute, added “We are delighted to welcome the latest FII Institute partner, the Tourism Development Fund, and recognize the important role that the partnership will play in the Institute’s continued efforts to make a positive impact on humanity. This year’s edition of FII will be even bigger and will address crucial global issues and challenges. With our partners by our side, we look forward to another successful event.”
The Tourism Development Fund was established to empower one of Saudi Arabia’s most rapidly growing industries. Aiming to facilitate local and international investors access to tourism investments across the Kingdom, the Fund’s efforts align with Saudi Arabia’s bold ambition to bolster the country’s reputation as a top tourist destination.
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.
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.