Tourism Fund unveils new center to foster SMEs

NOHA.GAD
Jan 2, 2024

Riyadh - Sharikat Mubasher: The Saudi Tourism Development Fund (TDF) launched a new center to foster entrepreneurs and small and medium-sized enterprises (SMEs) in the tourism sector.

The Tourism Growth Center, TDF Growth, was designed to build growth mindsets, develop entrepreneurial skills, provide appropriate tools and environments for entrepreneurs, and help them establish tourism facilities, as reported by the Saudi Press Agency (SPA).

It targets increasing the contribution of SMEs to local production, supporting entrepreneurial tourism startups to thrive in local and global markets, and providing investment opportunities for entrepreneurs and innovators in the sector.

The launch of the new center reflects the TDF’s dedication to bolstering investment in the tourism industry, enhancing the readiness of entrepreneurs and SMEs, and enhancing the Kingdom’s tourism sector in alignment with the National Tourism Strategy and Vision 2030.

TDF Growth will launch five programs to meet the needs of entrepreneurs and SMEs in various fields in the tourism sector, notably tourism and travel services, tourism destinations and attractions, accommodation, F&B within tourist destinations, tourism experiences and activities, and tourism retail.

Moreover, it will provide training workshops and consultation sessions by experts and specialists in various fields, in addition to the Tourism Growth Accelerator program, which aims to support SME growth in the tourism sector and will train 10 enterprises per month.


Share

Related News

Saudi SME Bank launches SAR 240 mn debt crowdfunding initiative
News
Calendar Icon
March 6, 2025
Saudi SME Bank launches SAR 240 mn debt crowdfunding initiative
readmore
GAFI CEO: Egypt to launches major reforms to support startups
News
Calendar Icon
February 5, 2025
GAFI CEO: Egypt to launches major reforms to support startups
readmore
RCU, Google Cloud to upskill 3,000 community members from AlUla
News
Calendar Icon
January 30, 2025
RCU, Google Cloud to upskill 3,000 community members from AlUla
readmore
KSGAAL launches Arabic Language Innovation Accelerator
News
Calendar Icon
January 26, 2025
KSGAAL launches Arabic Language Innovation Accelerator
readmore
Neom pacts with NTDP to drive Web3 growth in Saudi Arabia
News
Calendar Icon
January 22, 2025
Neom pacts with NTDP to drive Web3 growth in Saudi Arabia
readmore
Aramco, Dell Technologies celebrate graduation of Saudi students from ITXcelerate Program
News
Calendar Icon
January 22, 2025
Aramco, Dell Technologies celebrate graduation of Saudi students from ITXcelerate Program
readmore
GASTAT introduces the region’s first statistics innovation lab
News
Calendar Icon
January 21, 2025
GASTAT introduces the region’s first statistics innovation lab
readmore
CST launches SpaceUp Competition with $28mn contractual opportunities
News
Calendar Icon
January 20, 2025
CST launches SpaceUp Competition with $28mn contractual opportunities
readmore
Industry Ministry unveils FMF Young Mining Professionals Program
News
Calendar Icon
January 16, 2025
Industry Ministry unveils FMF Young Mining Professionals Program
readmore
400 participants join SDAIA’s AI Hackathon for Optimizing Productivity
News
Calendar Icon
January 12, 2025
400 participants join SDAIA’s AI Hackathon for Optimizing Productivity
readmore