The Tourism Development Fund has recently kicked off its participation in the TOURISE Summit 2025 by announcing a set of distinguished projects and partnerships worth a total of SAR2.9 billion ($773.24 million).
These projects and partnerships reflect the fund’s as an “Impact Sponsor” of the summit and as a key enabler in developing integrated destinations that enhance the diversity of Saudi Arabia’s tourism experiences and support sustainable economic growth.
Fund announces five integrated tourism projects
The announcement of Aseer Region projects took place under the patronage of the Governor of Aseer Region and chairman of the board of Aseer Development Authority, Prince Turki bin Talal bin Abdulaziz, in the presence of the Minister of Tourism and Chairman of the Board of the Tourism Development Fund Ahmed Al-Khateeb, Vice Minister of Environment, Water, and Agriculture Eng. Mansour Al Mushaiti, and CEO of the Tourism Development Fund Qusai Al-Fakhri.
The fund announced five integrated tourism projects totaling 1,211 hotel keys. These include the Jareed Aseer project, the Al-Hadaba park project, the Westin Resort and The House Residences.
Future developments also include projects in the Haifa and Jabal Abdullah areas under the Mantis hotel brand, to be implemented in successive phases in support of the Aseer Region Development Strategy, which aims to strengthen the region’s position as a year-round tourism destination.
Throughout the event, the Tourism Development Fund will continue announcing new partnerships that complement this approach and further strengthen the Kingdom’s position as a leading global destination for sustainable tourism.
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TOURISE stimulates $113 billion in investments
TOURISE has stimulated $113 billion in investments to boost the global tourism sector, accelerate its transformation and ensure sustainable growth. The announcement was made on the first day of the inaugural TOURISE Summit, launched in Riyadh under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and continuing until November 13 at the King Abdulaziz International Conference Center with the participation of leading decision-makers, innovators and global visionaries from tourism and related sectors.
The milestone reflects TOURISE’s vision to unlock high-value deal flow by bringing together public- and private-sector leaders across technology, investment and sustainability to develop actionable solutions that enable the tourism sector to meet future challenges and prosper over the next five decades.
Some of the international and local companies that announced portfolios as part of the $113 billion include Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix and Ocean Link, AlFozan Holding, Al Kathiri Holding, Alothaim, and Knowledge Economic City.
The investments will reinforce infrastructure development and human-capital building, while deploying advanced technologies in data, design, and hospitality — raising global standards, enhancing the visitor experience, creating quality jobs and delivering exceptional, purpose-driven experiences across the Kingdom.
Together, these initiatives underscore the Kingdom’s position as a leading global hub that combines cultural heritage with innovation and world-class hospitality, strengthening competitiveness and making Saudi Arabia a preferred travel destination worldwide.
