Saudi Arabia’s Tourism Development Fund (TDF) has signed an agreement with Spain’s Melia Hotels International in order to develop new tourism concepts in the Kingdom.
TDF and Melia Hotels International will bring new tourism concepts focused on leisure, F&B, and entertainment to three key destinations under the National Tourism Strategy, Riyadh, Jeddah, and the Eastern Province.
The MoU is in line with the Fund’s focus on diversifying investments within the Kingdom by launching hotel projects in compliance with the highest international industry standards.
According to the statement, “By enhancing the tourism and entertainment offerings within these areas earmarked for development, TDF contributes towards the objectives of the National Tourism Strategy while improving the quality of life for residents and tourists alike.”
HE Qusai Al-Fakhri CEO – TDF
“The MoU with Melia Hotels International is an extension of our ongoing efforts to drive tourism development in the Kingdom in line with both the objectives of Saudi Vision 2030 and the National Tourism Strategy. Here at TDF, we always strive for sector growth and prosperity through MoUs and partnerships that will provide outstanding experiences and services, ultimately enhancing the Kingdom’s overall tourism value proposition. This latest collaboration with Melia Hotels International is a step towards the Kingdom’s transformation into a leading tourism destination globally.”
“Saudi Arabia’s natural and geographic diversity offers promising opportunities to develop high-quality hospitality projects. In that respect, we are pleased to establish this MoU with the Tourism Development Fund and look forward to playing a role in the achievement of the ambitious objectives of Saudi Vision 2030,” commented Mr. Gabriel Escarrer, CEO and Vice Chairman of Melia Hotels International.
