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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.
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.