RIYADH — The Tourism Development Fund (TDF) signed Monday a framework cooperation agreement with Playa Hotels & Resorts, a company tasked with setting up integrated resorts on the shores of the Arabian Gulf and the Red Sea in the Kingdom.
The agreement was signed at the headquarters of the Tourism Development Fund in Riyadh, in the presence of TDF CEO Qusai Al-Fakhri and the Chairman and CEO of Playa Hotels and Resorts Bruce Wardinski.
The TDF, as per the agreement, aims to provide tourists with a quality experience by introducing “Playa Hotels and Resorts” as a new and innovative concept, which will contribute to enhancing the distinctive tourism experience and create local job opportunities.
The Fund will also explore, through the agreement, the financing opportunities available to support private sector investments, including foreign direct investments represented by Playa’s share as a contributor to the projects, in line with its keenness to diversify tourism…