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Tourism Development Fund

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

  • Hyatt to develop tourist destinations in Saudi Arabia

    Riyadh, Saudi Arabia - Saudi Arabia’s Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the kingdom.The collaboration aims to develop several hospitality-led destinations which will enhance the tourism sector in the country. The...

  • $399 million hospitality investment fund coming up in Saudi Arabia

    A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set up by the Tourism Development Fund (TDF) in partnership with Ennismore and Al Rajhi Capital. Ennismore is the world’s largest and fastest-growing lifestyle hospitality company and Al Rajhi Capital, an...

  • Way paved for launch of first Mideast Steigenberger Porsche Design Hotel

    Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, which will see the exclusive launch rights for the first Steigenberger Porsche Design Hotel in the Middle East. The MoU is aimed at developing and operating distinctive...

  • Saudi tourism fund adopts cloud computing to help investors

    Tourism Development Fund, which was set up in June, says use of Oracle Cloud applications will enhance data integration, increase productivity, reduce costs.