Saudi Arabia’s Tourism Development Fund (TDF) has signed a tripartite agreement with global lifestyle hospitality company, Ennismore, and Al Rajhi Capital, one of the leading asset managers in Saudi Arabia.
The agreement aims to establish a hospitality investment fund with a capital of SAR1.5bn.
Through the agreement, TDF will enable investments to boost tourism in line with Saudi Arabia’s National Tourism Strategy, aiming to provide a variety of leisure facilities, and food and…