Saudi Tourism Development Fund Partnerships Exceed $11 Billion

The Saudi Tourism Development Fund (TDF) has signed new partnerships with government and private entities with a financial impact exceeding SAR 4 billion (approximately $1.07 billion).

Total TDF partnerships have now exceeded SAR 41 billion ($11 billion), demonstrating the kingdom's commitment to developing its tourism infrastructure and attractions.

The fund, established by Royal Order in June 2020, aims to empower one of Saudi Arabia's most rapidly growing industries. Key investment areas include:

• Hotel and resort development
• Tourism infrastructure projects
• Cultural and heritage site development
• Adventure and eco-tourism facilities

These investments are part of Vision 2030's goal to attract 150 million visitors annually by 2030.