TDF powers Saudi Arabia's Vision for a global tourism hub

Saudi Arabia, with its rich history and diverse culture, is rapidly positioning itself as a premier global tourist destination.

In line with Saudi Vision 2030, the government has placed significant emphasis on boosting the tourism sector, leading to the establishment of the Tourism Development Fund (TDF) in 2020 by royal decree.

The TDF is designed to act as a strategic partner in the sector’s growth, supporting Saudi Arabia’s ambitions of becoming a global tourism powerhouse.

Operating under the National Development Fund, the TDF aims to attract foreign investors to key destinations in the Kingdom while providing support for large-scale projects.

By collaborating with both public and private sector financiers, the Fund strengthens the national tourism ecosystem and facilitates sustainable development.

One of the Kingdom's main tourism goals is to ensure that the sector contributes 10% of the national Gross Domestic Product (GDP) by 2030, while also creating around one million new jobs in various tourism-related industries.

With a focus on Saudi Vision 2030’s broader objectives, the Kingdom seeks to harness its rich heritage, stunning landscapes, and mega projects to offer captivating experiences.