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Saudi Tourism Development Fund signs funding deals to develop Jeddah projects
RIYAD: The Saudi Tourism Development Fund (TDF) has signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project in the resort town of Durrat Al-Arous in Jeddah, according to a statement sent by email.
Saudi Arabia’s Tourism Development Fund has signed two financing agreements with Dallah Al-Baraka Group and Dallah Real Estate Company, to develop a tourism project in the resort town of Durrat Al-Arous in Jeddah, according to a statement sent by email.
As part of the agreement, the tourism fund will provide funds for the development of “Durrat Lagoon”, which will be operated by the Indigo Hotel.
“The financing and support services provided by the Tourism Development Fund contribute significantly to improving the experiences of investors and the value of their projects, as well as strengthening the Kingdom’s ability to attract tourists from all over the world. ”, Mohiuddin Saleh Kamel, vice president of Dallah Al-Baraka Group, said.
The second agreement was signed with 17Sixty to provide a variety of recreational activities allowing visitors to the resort town of Durrat Al-Arous to safely explore the depths of the Red Sea.
“TDF is focused on providing innovative solutions that connect investors to the many opportunities in the Saudi tourism sector, contributing to the achievement of the goals of the National Tourism Strategy and to consolidating the Kingdom’s position as an attractive tourist destination. visitors from all over the world, ”said the CEO of the fund, Qusai Al-Fakhri.