About TDF
TDF is part of Saudi Arabia’s dynamic tourism ecosystem, working alongside the Ministry of Tourism and the Saudi Tourism Authority to transform the Kingdom’s tourism sector.
Together, they are reshaping the future of tourism in Saudi Arabia, unlocking cultural richness, economic opportunity, and sustainable development. Tourism serves as a catalyst for cultural and economic development, shaping a future for Saudi Arabia grounded in identity, opportunity, and sustainability. To harness the potential of this expanding sector, the Tourism Development Fund was established in June 2020 by Royal Order. Headquartered in Riyadh, Saudi Arabia, the Fund aims to provide local and international investors with access to high-potential tourism investment opportunities in key destinations across the Kingdom.
Vision
To become the financial catalyst for tourism sector development, contributing to the Kingdom’s social, economic, and environmental prosperity.
Mission
Bridge diverse investors’ ambitions by providing innovative and appealing financial and non-financial solutions through an investor-centric journey.
Core Values
- Prioritises customer focus, ensuring that its initiatives are people-centric and responsive to the needs of its stakeholders.
- Strives for innovation in exploring new funding avenues and investment opportunities.
- Committed to transparency, fostering trust and accountability in its dealings.
- Embodies excellence and integrity, by ensuring that its actions reflect its dedication to the highest standards of professionalism.
Strategic Objectives
The Fund’s strategy is built around six objectives that guide its efforts to drive sustainable tourism growth and unlock long-term value for the Kingdom
Asset Allocation
- Accelerate the development of key tourism destinations while ensuring balanced funding across the tourism value chain.
- Expand into new markets through proactive deal sourcing and destination planning.
Innovative Products and Services
- Deliver cutting-edge, digitally-enabled products and services that enhance customer experience.
- Foster a supportive ecosystem that empowers SMEs and drives sector-wide innovation.
Impactful Strategic Partnerships
- Maximise sector impact by forging strategic partnerships with lenders, investment funds, and regional authorities.
- Align efforts to unlock synergies and scale investment opportunities.
Financial Sustainability
- Achieve financial resilience by optimising operational efficiency, accelerating capital deployment, and laying the foundation for attracting diversified funding sources.
Operational Excellence
- Build a high-performing, digitally-driven, and customer-centric organisation.
- Streamline internal processes and enhance service delivery to support scalable growth.
ESG Integration
- Embed ESG principles into financial decision making.
- Support Saudi Arabia’s transition to a sustainable tourism economy through responsible and forward-looking practices.
The Fund operates under the umbrella of the National Development Fund (hereafter referred to as “NDF”), which serves as the overarching body for nine developmental funds and three banks in the Kingdom. NDF, along with the developmental funds and banks under its purview, are key players and contributors within the Kingdom's economic transformation by prioritising, facilitating and funding the growth of target areas within the private sector in line with the ambitions of the Saudi Vision 2030. TDF plays a key role in mobilising investment, bridging funding gaps, and accelerating the development of tourism assets in priority destinations. Backed by SAR 15 Bn in capital, the Fund connects investors to high-potential tourism opportunities and provides a range of direct funding, tourism empowerment programs and advisory services to fund and enable both large tourism projects and Small and Medium-sized Enterprises (SMEs) in the Kingdom.
Alignment with Travel & Tourism Development Index (TTDI) – T&T Policy and Enabling Conditions
TDF advances this sub-index by prioritising tourism through targeted capital funding and strategic partnerships. Its efforts to attract local and international investors also enhance financial openness, reinforcing Saudi Arabia’s global tourism competitiveness.
TDF is advancing a structured and sustainable tourism ecosystem aligned with national development goals through which it seeks to unlock value across the 12 sub-sectors it serves within the tourism industry and its value chain:
Accommodation
Hotels and alternative accommodations
Food & beverage
Establishments that provide culinary experiences
Retail
Souvenirs, handicrafts, and outlet shopping centres
Culture and entertainment
Music festivals and traditional art festivals
Sports and recreation
Football stadiums and sports events
Travel agencies and reservation
Online booking platforms, travel coordination and consulting
Transport equipment rental
Bicycle rental services, car leasing companies, and scooter rental stations
Road transportation
Taxi companies, ride hailing and sharing services, and bus transport services
Railway transportation
Commuter rail services
Water transportation
Ferry commuting companies and cruise voyages
Air transport
Airlines and airports
Other KSA-specific tourism
Unique Saudi tourism activities not covered by global standard
Since inception
- Total Project value
- SAR 33.5 Bn
- TDF Contribution
- SAR 8.4 Bn
- Total projects
- 2,340+
- Total FDI
- SAR 1.8 Bn
- Total Expected GDP Impact:
- SAR 7.64 Bn
- Total Potential Jobs Created:
- 77,504
- Total Anticipated Keys Added:
- 9,000+