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Tourism Development Fund
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How TDF’s programs are driving impact across the tourism value chain

TDF’s offerings are not just financial, they are transformational. By strategically deploying capital across key value chain segments, TDF is helping shape a more inclusive, sustainable, and vibrant tourism landscape.

Each segment plays a distinct role in unlocking economic value, empowering communities, and enhancing the visitor experience, collectively advancing the goals of Vision 2030 and alignment with UN SDGs.

Alignment with TTDI

TDF contributes to the infrastructure sub-index by expanding hotel room availability across the Kingdom. Its contributions in hospitality projects directly support the growth of tourist service infrastructure, enhancing Saudi Arabia’s capacity to accommodate rising visitor demand.

  • Accommodation

    Remains the dominant sector, with SAR 16.25 Bn of total project value, TDF has deployed SAR 1.88 Bn in 60 projects with the following expected impacts:

    • GDP Impact of SAR 2.64 Bn
    • 22,351 Jobs created
    • 9,113 Keys
  • Retail

    Entered on unlocking commercial potential around key destinations, the Fund has deployed SAR 1.12 Bn across 12 mixed-use projects valued at SAR 12.97 Bn, generating an expected SAR 3.88 Bn in GDP impact and creating 42,189 potential jobs. These contributions enhance visitor experiences and stimulate local economies by supporting vibrant retail environments that cater to both tourism and community needs. With Saudi Arabia’s retail market projected to grow at a CAGR of 4.8%, TDF’s developments help bridge gaps in metropolitan cities, where demand for regional malls remains unmet. By enabling high-return assets such as super-regional malls delivering EBITDA margins of up to 69%, the Fund contributes to diversifying the tourism offering, attracting private investment, and reinforcing Saudi Arabia’s position as a competitive retail and leisure destination.

  • Food & Beverage

    While moderate in scale, the Fund’s deployment of SAR 290 Mn across 10 F&B projects valued at SAR 1.25 Bn demonstrates efficient outcomes, generating an expected SAR 543.7 Mn in GDP impact and creating 5,415 potential jobs. These contributions directly enhance the tourism experience and support other segments by fostering vibrant, engaging environments that encourage spending, repeat visits, and diversified visitor profiles. Positioned within a fast-growing F&B tourism market (CAGR 19.9%),* TDF’s contributions align with Saudi Arabia’s commitment to meet the rising demand and expanding the national food service in the MENA market.

  • Sports & Recreation

    With SAR 1 Bn representing the total project value, TDF has deployed SAR 93 Mn in 32 projects with an expected GDP impact of SAR 205 Mn and 2,866 potential jobs created. These projects may be smaller in financial scale, but they offer high social and cultural returns by supporting jobs, engaging communities, and preserving national identity. They enhance the depth and authenticity of the broader tourism offering, especially for regional and local tourism.

  • Transportation

    With a total project value of SAR 849 Mn, TDF deployed SAR 160 Mn, resulting in an expected GDP impact of SAR 150.64 Mn and the potential creation of 2,294 jobs. This segment ties everything together. Its contributions to access and connectivity will enable smoother travel across destinations and strengthen the links between accommodation, attractions, and communities. It amplifies the impact of every other sector by making tourism more inclusive and accessible.

Together, these sectors form a cohesive tourism ecosystem. Each one supports and enhances the other, creating an economy that is balanced, resilient, and built for long-term impact.

TDF is not just funding projects, its shaping an integrated and inclusive tourism landscape that accelerates the Kingdom’s transformation in line with Vision 2030.

* Food Travel Monitor

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