Saudi Press

Saudi Arabia and the world
Friday, Apr 18, 2025

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
Worldwide Markets Decline as U.S.-China Trade Frictions Intensify
OpenAI Lands Unprecedented $40 Billion Investment
Removing the Political Adversary is Dismantling What's Remaining of Turkey's Economy.
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Volunteers in Jeddah Ensure No One Goes Hungry During Ramadan Iftar
New Restaurant Opens in Makkah's Iconic Clock Tower for Ramadan Iftar
Saudi Arabia's Project Masam Removes 552 Houthi Mines in Yemen
Saudi Arabia Fines Over 400 Foreign Trucks for Regulatory Violations
Saudi National Campaign for Charitable Work Reports Significant Donations in Ramadan
Historic Al-Hosn Al-Asfal Mosque Restored in Asir as Part of National Heritage Initiative
KSrelief Expands Humanitarian Efforts in Syria, Sudan, and Lebanon
Saudi Arabia Advocates for Global Water Cooperation at Forum
Madinah Governor Tours Islamic Arts Biennale in Jeddah
Saudi Foreign Minister in Cairo to Lead Meeting on Gaza Developments
Recognition of Saudi and Pakistani Entrepreneurs at Riyadh Ceremony
UAE Announces $1.4 Trillion Investment Plan in the United States
Saudi Arabia Innovates in Soil Quality and Water Conservation
Governor of Taif Engages with Rose and Aromatic Plants Cooperative
Saudi Food and Drug Authority Enhances Preparations for Hajj Season
Saudi Arabia Distributes Aid to Yemen and Romania
Restoration of Historic Al-Qalaah Mosque in Riyadh Underlines Heritage Preservation Efforts
Saudi Arabia Arrests Over 25,000 for Immigration Violations in One Week
UAE’s ADQ and Energy Capital Partners Announce $25 Billion Energy Venture in the U.S.
KSrelief Launches Extensive Ramadan Food Aid Initiative
Ramadan Celebrations Revitalize Historic Jeddah
Makkah Authorities Urge Worshippers to Follow Crowd Management Guidelines
Direct Flights Between Dammam and Damascus Reestablished for Syrian Residents
Saudi Main Index Rises to Close at 11,760 Amid Mixed Market Performance
Moroccan Prime Minister Aziz Akhannouch Visits Prophet's Mosque in Madinah
Cultural Development Fund Hosts Third Annual Storytellers Event in Riyadh
Investment Surge in Fintech, Gaming, and Health Care Across MENA Region
Surging Prices for Religious Tourism in Saudi Arabia Amid Ramadan Rush
Middle Eastern Airlines’ Fleet Projected to Surge Above Global Growth Rates
Oil Prices Rise Amid Supply Concerns and Sanctions on Iran
Saudi Arabia Reports Significant Decrease in US Treasury Holdings
Tabuk's Transformative Economic Landscape: A Hub of Growth and Innovation in Saudi Arabia
Saudi Arabia's Strategic Advances in Water Sustainability
Merrill Lynch Appointed as Market Maker for 20 Securities on Saudi Exchange
Gold Prices Set for Third Weekly Gain Amid Geopolitical Tensions and Economic Uncertainty
Saudi Banks Increase Debt Market Activities Amid Sukuk Surge
Saudi Aramco Launches Direct Air Capture Technology to Combat Emissions
Saudi Arabia Enhances Crowd Management at Grand Mosque for Ramadan
Abeer Al Akel Appointed CEO of Royal Commission for AlUla
Ukraine Pursues Partial Ceasefire in Saudi Arabia Talks Amid Ongoing Conflict
Saudi Arabia Arrests Over 25,000 Illegal Residents in Week-long Security Campaign
Royal Order Extends Dr. Eman Al-Mutairi’s Tenure as Deputy Minister of Commerce
Prophet’s Mosque Hosts 4,000 Mu’takifs for Ramadan Itikaf
Yemeni National Arrested for Exploiting Children for Begging in Riyadh
Makkah Region Records Highest Rainfall in Saudi Arabia
×