Riyadh – Sharikat Mubasher: The Saudi Tourism Development Fund (TDF) announced 6 new agreements and a Memorandum of Understanding worth more than SAR 4 billion during the Development Finance Conference (MOMENTUM 2025) in Riyadh.

The partnerships aim to expand financing solutions offered through TDF’s Tourism Enablement Programs for micro, small, and medium enterprises, according to a recent press release.

Since launch, the programs have delivered nearly SAR 3 billion in financing and helped create more than 74,000 jobs across the Kingdom. Qusai Al-Fakhri, TDF CEO, said the strong growth in beneficiaries—up tenfold—shows the Fund’s ability to scale its economic impact and support sustainable tourism businesses nationwide.

TDF expanded its collaboration with the Kafalah program, launching a new SAR 700 million initiative with more than 45 financial partners. This builds on a previous agreement that supported over 2,000 businesses with guarantees exceeding SAR 2 billion.

The Fund also signed a new SAR 300 million financing agreement with Arab National Bank, following a similar deal last year that benefited 249 enterprises. Additionally, four new financing agreements worth SAR 200 million were signed with Aljabr Finance, Tayseer Finance, Alraedah Finance, and Tamweel Aloula, expanding earlier cooperation valued at SAR 250 million.

TDF also entered a new MoU with the SME Bank to develop enhanced development-finance models for tourism-focused SMEs. More than 10,000 enterprises have already benefited from TDF programs, supporting Vision 2030 goals to grow the tourism economy and strengthen private-sector investment.