Saudi Press

Saudi Arabia and the world
Thursday, Jul 18, 2024

Saudi Tourism Development Fund signs deal with Hyatt Hotels 

Saudi Tourism Development Fund signs deal with Hyatt Hotels 

The Saudi Tourism Development Fund has signed an agreement with Hyatt Hotels to establish luxury hotels throughout the Kingdom, Saudi Press Agency reported on Thursday
“We are proud to expand our strategic partner base, which includes many prestigious international names and brands in the tourism and hospitality sectors,” Qusai Al-Fakhri, CEO of the Tourism Development Fund, said.

“Our partnership with the Hyatt Group will reinforce our efforts to diversify the Kingdom’s tourism and hospitality sectors, as well as attract more visitors by providing them with unique world-class experiences in Saudi Arabia’s top tourist destinations.”

Ludwig Bouldoukian, regional vice president of development for the Middle East and Africa at Hyatt Hotels, said: “Saudi Arabia is the largest emerging market in the Middle East and has made great progress in various sectors, including tourism and hospitality.

“We welcome this partnership and consider it a great opportunity for expanding Hyatt’s distinctive services to local and international visitors and tourists in the Kingdom.”

The Saudi Tourism Development Fund supports tourism investment in the Kingdom, with the goal of attracting 100 million visitors by 2030. It aims to provide financial resources and expertise to global business leaders looking to invest in Saudi Arabia’s top 10 tourist destinations.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
Google and Microsoft Now Consume More Power Than Several Large Countries
Increased Security for Trump After Assassination Threat
New AI Chipset Set to Revolutionize ChatGPT
Thai-Saudi Investment Roadshow Yields 100 Partnerships
Trump Media Shares Surge Following Re-Election Bid Boost
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
UAE Court Sentences 43 to Life Imprisonment Over Terrorist Links
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Biden Affirms Commitment To Presidential Race
Putin Hosts PM Modi for a Private Meeting
2024 Predicted to Be World's Hottest Year
Iran's President-Elect Masoud Pezeshkian Reiterates Support for Hezbollah
Biden Insists on Continuing Presidential Race Amid Criticism
Macron Faces New Political Challenges Despite Election Relief
US Officials Resign Over Biden's Gaza Policy
Campaigners Push for Emergency Uplift Visa for Palestinians Escaping Gaza Conflict
Netanyahu Criticizes Release of Gaza Hospital Head
UK Government and British Airways Sued Over 1990 Kuwait Hostage Incident
Afghan Women's Rights Declared Internal Issue by Taliban
UK Appeals to ICC May Delay Arrest Warrants for Israeli Leaders
ZATCA Allows Non-citizens to Participate in Auctions
UK Investors Encouraged to Enter Saudi Sports Market
Saudi Arabia's Remarkable Position for Sustained Economic Growth
Iran's Presidential Election: A Close Race
Iran Threatens Retaliation if Israel Attacks Lebanon
EU Enforces Sanctions on Hamas Financiers
Turkey Removed from Financial Watchdog's Grey List
WikiLeaks Founder Julian Assange Returns to Australia as a Free Man
Chaotic Portugal Win Over Turkey at Euro 2024
United States Bans Kaspersky Antivirus
Global Displacement Crisis: Record Numbers in 2023
White House Cancels US-Israel Meeting Amid Netanyahu's Accusations
Hezbollah Chief Threatens All of Israel Amidst Escalating Conflict
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Canada Lists Iran's Revolutionary Guards as Terrorist Group
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
Good day, everyone! We've got a lively mix of stories today, from financial recoveries and international sanctions to...
Giorgia Meloni Comments on Israel's Conflict and EU's Stand on Ukraine Loan
Israel Plans Tactical Pause For Aid Deliveries in South Gaza
Giorgia Meloni Comments on Israel's Conflict and EU's Stand on Ukraine Loan
Over 1.5 Million Pilgrims Arrive in Mina for Hajj
Japan Considers Sanctions on UAE-Based Entities for Aiding Russia
Global Headlines: Pope’s Plea on AI, Tensions in Ukraine, and Japan’s Sanction Strategy
×