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Tourism Development Fund

Our Presence

The Fund’s approach is firmly aligned with the National Tourism Strategy, which has identified 15 high-potential destinations across the Kingdom, each offering unique opportunities for sustainable tourism investment.

To unlock this potential, TDF outlines each destination’s distinct value proposition, sector-specific investment opportunities, and existing market gaps. This structured, data-driven approach enables it to guide investors with clarity and confidence, ensuring that its presence contributes meaningfully to the Kingdom’s tourism transformation.

Map of Saudi Arabia marking TDF's headquarters in Riyadh and 15 destinations: Al Jouf, Tabuk, Hail, Al Qassim, Dammam, Al Ulah, Madinah, Al Ahsa, Jeddah, Riyadh, Taif, Al Bahah, Aseer, Najran and Jizan

Capital deployed since inception

Metropolitan Hubs
SAR 1,792 Mn
High-potential Regions
SAR 1,517 Mn
Emerging Regions
SAR 444 Mn

Case Study

A restored white heritage building with wooden balconies in Madinah

Al Mughaisala - Reviving Heritage and Empowering Communities in the Heart of Madinah

Expected launch date: Q1 2025

The Al Mughaisala neighbourhood project in Madinah is a shining example of how cultural preservation and community development can go hand in hand. Supported by a non-profit endowment, this initiative is deeply aligned with Saudi Arabia’s National Tourism Strategy and Vision 2030 goals, aiming to enhance quality of life, preserve heritage, and create inclusive economic opportunities. Through a blend of historical restoration, cultural tourism, and luxury rural experiences, Al Mughaisala is being transformed into a vibrant, multi-dimensional destination that celebrates Madinah’s identity while empowering its people. TDF’s impact in the neighbourhood is substantial, with over SAR 15 Mn in total funding (direct and indirect), the development of 7,000 m² of public spaces, more than 15 tourism experiences in development, and the restoration of 23+ historic properties. The project is expected to generate 125+ direct and indirect jobs, reinforcing its role in sustainable community upliftment and cultural revitalisation.

Impact AreaInitiatives
Cultural RestorationRestoration of 23+ old properties and historic buildings to preserve Madinah’s architectural legacy.
Community EmpowermentFocused on the most vulnerable groups, the project provides vocational training, volunteer opportunities, and skill development for youth, designers, and engineers.
Cultural Tourism DistrictA revitalised historic district offering hospitality, F&B, culture and arts, and co-working spaces for pilgrims, locals, and heritage tourists.
Nature & Luxury TourismA luxury destination atop Jabal Ayr, offering panoramic views, fine dining, hiking trails, and cultural performances.
Rural Farm ExperienceAl Belad resort offers residential villas, spa, and gym experiences in a tranquil palm-lined setting, targeting high-income domestic tourists and executives.
Whitewashed buildings among palm treesA stone house front with green shuttered windows
Men in white thobes and red shemaghs performing a traditional dance

Case Study

An Earth Hotels lounge with globe lamps and patterned seating

Earth Hotel Riyadh – A Blueprint for Sustainable Urban Hospitality

Expected launch date: Q1 2027

Earth Hotel Riyadh is a pioneering hospitality project redefining urban living through sustainability, innovation, and cultural integration. Located in the heart of Riyadh, this 85-key hotel is designed to serve both short- and long-stay guests, particularly targeting tech-savvy, young corporate travellers. With a project value of SAR 117.13 Mn and a ticket size of SAR 63 Mn, Earth Hotel is a flagship development under the Earth KSA brand. It aims to achieve Mostadam green building certification and set new benchmarks in eco-conscious hospitality. The project is thoughtfully aligned with a range of national priorities, reinforcing its role as a model for integrated development. It advances the National Tourism Strategy, supports the Fund’s sustainability goals, and contributes to job creation and nationalisation in line with the Human Capability Development Program and the Ministry of Human Resources and Social Development. It also fosters SME growth and local business enablement through collaboration with Monsha’at, promotes sustainable urban development in coordination with the Ministry of Municipal and Rural Affairs and Housing and urban planning authorities, and strengthens cultural identity and heritage in partnership with the Ministry of Culture and the Saudi Heritage Commission.

Impact AreaInitiatives
Green BuildingsUtilises modular sustainable construction techniques, resulting in up to 70% faster build times and 40% less material waste while using natural materials to minimise landscape disruption.
Waste & Circular EconomyProject implements a zero-waste management system through comprehensive recycling, composting, and upcycling practices, including advanced wastewater reuse technologies.
Plastic & Paper ReductionAs the first plastic- and paper-free hotel of its kind in the Kingdom, the project significantly reduces its environmental footprint and sets a new standard for sustainable hospitality.
Guest Well-beingEco-friendly amenities such as organic toiletries, chemical-free cleaning products, and sustainable linens are thoughtfully provided to enhance guest well-being while promoting environmental responsibility.
Empowering Local BusinessesThe project’s sustainable food and beverage program emphasises locally sourced, organic, and seasonal ingredients, supporting nearby farms while significantly reducing its carbon footprint.
Nationalisation & CultureThe project emphasises community engagement through employment opportunities for local residents, inclusion of SMEs, and cultural programming that celebrates Saudi heritage.
Education & AwarenessGuests are invited to explore sustainability through an on-site education hub that offers immersive workshops on wildlife conservation, sustainable fashion, and responsible tourism.

Case Study

Earth-toned resort buildings behind tall palm trees

Basiqat Resort by Mantis – A Model for Sustainable Desert Tourism

Expected launch date: Q4 2026

Basiqat Resort by Mantis is a fully integrated tourism destination located in the Al-Uyaynah region of Riyadh. Spanning 28,182 square meters, the resort blends hospitality, dining, retail, and entertainment into a single eco-conscious experience. With a total project value of SAR 570 Mn, the development is a flagship example of sustainable tourism investment in Saudi Arabia. TDF has committed SAR 100 Mn to support the realisation of this vision.

Operated by Mantis, a globally recognised hotel group specialising in conservation-focused eco-lodges and curated escapes, Basiqat Resort brings over two decades of sustainable tourism expertise to Saudi Arabia. Since 2000, Mantis has led eco-tourism and adventure travel with a strong commitment to environmental and community stewardship.

The resort will offer 218 keys, delivering a luxurious yet eco-conscious experiences. Each unit is designed to reflect the natural beauty of Al-Uyaynah and meet high sustainability standards.

Basiqat Resort aligns with TDF’s mission to develop tourism destinations that protect natural heritage, empower local communities, and support Vision 2030.

Basiqat Resort is being developed in alignment with the Mostadam Certification, Saudi Arabia’s green building rating system. The resort incorporates a wide range of sustainability elements, including:

Impact AreaInitiatives
Clean EnergyIntegration of renewable energy sources to power resort operations.
Green BuildingsEnvironmentally responsible design and construction practices.
Water ManagementEfficient water use systems and recycling technologies.
Waste Recycling & Circular EconomyImplementation of waste segregation and recycling programs.
Clean TransportElectric mobility options and supporting infrastructure.
Energy EfficiencySmart systems to optimise energy consumption across the resort.