#Tourism Development Fund

Saudi Arabia visitors cross 100 million

Saudi Arabia visited by 100 million tourists in 2023

The kingdom aims to attract 150 million tourists by 2030, with 80 million domestic and 70 million international tourists

Saudi Arabia disburses $8bn

Saudi Arabia’s National Development Fund disburses over $8bn in financing

The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes

Minor Hotels signs agreement with Saudi's Tourism Development Fund (Image: Supplied by Minor Hotels)

Minor partners with Saudi’s Tourism Development Fund

Multiple properties from brands including Anantara, Avani, Tivoli and Oaks will open across different regions within the kingdom

Saudi Arabia’s Tourism Development Fund, Ennismore, Al Rajhi Capital establish hospitality investment fund

The tripartite agreement aims to establish a hospitality investment fund, with a capital of SAR1.5bn, to support the growth of the hospitality and tourism sectors in Saudi Arabia

Saudi’s Tourism Development Fund partners with Al Nahla Group to launch $80m destination

The project will feature upscale accommodation with more than 150 keys

Saudi’s Tourism Development Fund deploys Oracle Cloud to automate processes

The implementation is designed to drive automation and integration of TDF’s core functions including banking, finance, HR and procurement

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030