Latest news with #TDF
Zawya
a day ago
- Business
- Zawya
TDF participates as 'Strategic Partner' in Aseer Investment Forum
Abha – Under the patronage of HRH Prince Turki bin Talal bin Abdulaziz, Governor of the Aseer Region and Chairman of the Aseer Development Authority, the Tourism Development Fund (TDF) -the national enabler of the tourism sector- took part in the 2nd edition of the Aseer Investment Forum. The forum spotlights high-potential investment opportunities across the region's key sectors, with a special focus on tourism. TDF's participation as a strategic partner reaffirms its commitment to supporting high-impact projects, empowering MSMEs, and accelerating tourism investments in a region known for its extraordinary natural and cultural appeal. As part of the forum's agenda, senior executives from TDF embarked on site visits to several flagship tourism projects supported by the Fund in the Aseer region. The tour began with The Point—the region's largest mixed-use development. Spanning 75,000 square meters, the destination marks the first Hilton-branded hotel in Aseer, featuring 250 guest rooms. The project also includes a vibrant retail hub with 150 stores, 41 restaurants and cafés, and 10 state-of-the-art cinema halls. Thoughtfully designed to celebrate the region's cultural identity, The Point offers a seamless fusion of hospitality, entertainment, and shopping in one dynamic location. The delegation then visited Khayal Walk Boulevard, an entertainment and retail complex distinguished by its innovative design, which blends urban architecture with the mountainous terrain of Aseer. The project includes terraced levels that house upscale boutiques, restaurants, and cafés, delivering a refined visitor experience anchored in local heritage. Next on the itinerary was the InterContinental Hotel, one of the region's flagship luxury hospitality developments. Strategically located to offer stunning natural views, the hotel comprises over 200 rooms and operated by global hospitality leader IHG Hotels & Resorts. It also features an array of amenities, including fine dining venues, event spaces, and a children's club, serving a broad spectrum of traveler needs. The final stop was Le Premier, Aseer's first mixed-use destination that fuses modern aesthetics with a strong national character. The development includes six locally inspired restaurant and café buildings and the four-star Hajlah Hotel, which will offer approximately 150 rooms and a state-of-the-art conference hall, establishing the destination as a year-round draw for both leisure and business tourism in Abha. The combined value of tourism projects enabled by TDF in the Aseer region has now reached approximately SAR 2 billion, reflecting the Fund's ongoing commitment to developing distinctive tourism destinations that contribute to the realization of Saudi Vision 2030. Qusai Al-Fakhri, CEO of TDF, commented: 'Our participation in the 2nd Aseer Investment Forum aligns with the Fund's broader strategy to enable promising destinations across Saudi Arabia. By catalyzing tourism investments and providing tailored financial and advisory solutions, we support transformative projects to grow and thrive. Aseer's exceptional natural and cultural assets make it a prime destination for tourism development, and we are proud to foster partnerships that drive sustainable growth in line with the National Tourism Strategy and Saudi Vision 2030.' During the forum, TDF held a workshop titled: 'Tourism Financing: Sustainable Solutions for Investors in the Aseer Region,' which explored TDF's portfolio of financial offerings. The session provided insights into eligibility criteria, access mechanisms, and investor-focused financing solutions tailored to the local market. TDF also featured a dedicated interactive booth, where it showcased its suite of financing products and non-financial programs, offering direct consultations to entrepreneurs and investors interested in entering the tourism sector in the Aseer region. Through initiatives like these, TDF continues to play a pivotal role in shaping sustainable tourism destinations that enrich the visitor experience and position the Kingdom as a leading global tourism hub, fully aligned with the aspirations of Saudi Vision 2030. About the Tourism Development Fund (TDF) The Tourism Development Fund (TDF) is Saudi Arabia's national enabler of the tourism sector, going beyond financing to drive high-impact investments and enhance the competitiveness of the Saudi's tourism destinations. TDF enables entrepreneurs and tourism businesses with tailored financial solutions and non-financial support programs while attracting local and international investors to develop landmark tourism projects. With a vision to create a dynamic and attractive investment environment, TDF fosters strategic partnerships, supports economic diversification, enriches visitor experiences, and strengthens Saudi Arabia's position as a leading global tourism destination. Committed to advancing the goals of Saudi Vision 2030 and the National Tourism Strategy, TDF remains a trusted partner, working closely with investors and key stakeholders across the sector. For media inquiries, please contact TDF Corporate Communication team: cc@
Trade Arabia
6 days ago
- Business
- Trade Arabia
Saudi Eastern Province a ‘promising tourism destination'
Saudi Arabia's Eastern Province is one of the most promising destinations on the national tourism map, and enabling high-impact tourism projects in the region will help deliver world-class experiences, a senior official has said. This will also enhance Saudi Arabia's global appeal and contribute to the sector's growth in line with Saudi Vision 2030, said a CEO of the Tourism Development Fund (TDF), Qusai Al-Fakhri, who this week visited several flagship tourism projects in Al Khobar as part of the fund's ongoing efforts to monitor project progress and assess readiness in alignment with the objectives of the National Tourism Strategy. To date, TDF has supported more than 534 tourism projects directly and indirectly through its Tourism Empowerment Program, in partnership with the financial sector. The total value of TDF-enabled projects in Eastern Province has reached approximately SAR10 billion ($2.67 billion), underscoring the fund's commitment to empowering unique destinations that contribute to the goals of Saudi Vision 2030. One of the key destinations being developed by TDF in the region is The Avenues – Khobar, one of the largest mixed-use projects in the Eastern Province. Spanning nearly 200,000 sq m and featuring over 400 hotel rooms, the project marks a significant milestone in integrating luxury hospitality with retail and commercial centres, supporting economic diversification and encouraging investment in the tourism and retail sectors. The visit also included Ajdan Fairmont, which is part of a mixed-use project in Khobar that features a five-star hotel with more than 160 all sea-view rooms managed by the global Fairmont brand, alongside upscale restaurants, cafés, and modern commercial spaces. The project reflects direct investment in improving quality of life, promoting urban sustainability, and stimulating the local economy. Ajdan Bayfront is a comprehensive seafront development covering over 100,000 sq m. It offers a fully integrated experience including retail, dining, and entertainment venues, in addition to a range of hospitality units. The project is expected to boost commercial activity and enhance modern urban lifestyles, aligning with the aspirations of residents and visitors in Al-Khobar. Nobu Hotel & Residences marks the debut of the global Nobu brand in the Eastern Province. The project features more than 160 luxury hospitality units, the renowned Nobu restaurant, and a branded café, delivering a high-end hospitality experience that enriches the luxury tourism scene in the Kingdom. The project represents a major step in elevating contemporary hospitality standards, supported directly by TDF.
Zawya
6 days ago
- Business
- Zawya
Saudi Eastern Province a ‘promising tourism destination'
Saudi Arabia's Eastern Province is one of the most promising destinations on the national tourism map, and enabling high-impact tourism projects in the region will help deliver world-class experiences, a senior official has said. This will also enhance Saudi Arabia's global appeal and contribute to the sector's growth in line with Saudi Vision 2030, said a CEO of the Tourism Development Fund (TDF), Qusai Al-Fakhri, who this week visited several flagship tourism projects in Al Khobar as part of the fund's ongoing efforts to monitor project progress and assess readiness in alignment with the objectives of the National Tourism Strategy. To date, TDF has supported more than 534 tourism projects directly and indirectly through its Tourism Empowerment Program, in partnership with the financial sector. The total value of TDF-enabled projects in Eastern Province has reached approximately SAR10 billion ($2.67 billion), underscoring the fund's commitment to empowering unique destinations that contribute to the goals of Saudi Vision 2030. One of the key destinations being developed by TDF in the region is The Avenues – Khobar, one of the largest mixed-use projects in the Eastern Province. Spanning nearly 200,000 sq m and featuring over 400 hotel rooms, the project marks a significant milestone in integrating luxury hospitality with retail and commercial centres, supporting economic diversification and encouraging investment in the tourism and retail sectors. The visit also included Ajdan Fairmont, which is part of a mixed-use project in Khobar that features a five-star hotel with more than 160 all sea-view rooms managed by the global Fairmont brand, alongside upscale restaurants, cafés, and modern commercial spaces. The project reflects direct investment in improving quality of life, promoting urban sustainability, and stimulating the local economy. Ajdan Bayfront is a comprehensive seafront development covering over 100,000 sq m. It offers a fully integrated experience including retail, dining, and entertainment venues, in addition to a range of hospitality units. The project is expected to boost commercial activity and enhance modern urban lifestyles, aligning with the aspirations of residents and visitors in Al-Khobar. Nobu Hotel & Residences marks the debut of the global Nobu brand in the Eastern Province. The project features more than 160 luxury hospitality units, the renowned Nobu restaurant, and a branded café, delivering a high-end hospitality experience that enriches the luxury tourism scene in the Kingdom. The project represents a major step in elevating contemporary hospitality standards, supported directly by TDF. 'At TDF, we are committed to supporting projects that drive meaningful impact in the tourism sector and reflect the Kingdom's aspirations for a sustainable and diversified tourism future. By enabling these projects in the Eastern Province, we continue to build unique destinations that enrich the visitor experience and help drive local economic growth,' said Al-Fakhri. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Economic Times
23-05-2025
- Business
- Economic Times
Titan Capital launches investment vertical to back defence-tech founders
Titan Capital co-founders Rahul Bansal and Kunal Bahl. NEW DELHI: Titan Capital, a seed-stage venture capital firm, has announced the launch of a specialised investment vertical to fund startups innovating in India's defence and strategic technology space. With this program, Titan Capital is actively seeking to invest in startups working at the intersection of advanced hardware, aerospace, cybersecurity, and manufacturing. The focus is not only on national security but also on fostering deep-tech innovation, creating high-value jobs, and helping India become a net exporter of strategic technologies. Kunal Bahl, Co-founder of Titan Capital, said in a statement, 'We are at a historic inflection point where national security, deep-tech innovation, and startup agility are converging. India cannot achieve true self-reliance in defence by relying on imports or public funding alone. We need to back our brightest minds—engineers, researchers, and builders—to create sovereign, dual-use technologies that can shape not just India's future, but the future of global defence. At Titan, we've always been a founder-first firm. This vertical extends that ethos into a sector that has national consequence.'As part of this initiative, Titan Capital is also looking to collaborate with veterans from the armed forces, scientists, and experienced technologists who can help assess and guide these investments with strategic insight and domain venture capital is accelerating its focus on defence-tech. U.S.-based Anduril Industries recently raised $1.5 billion for its AI-enabled combat systems, while Europe's Helsing secured €450 million in backing from General Catalyst to develop defence AI. India is now at the brink of a similar inflection, and Titan Capital wants to ensure that the ecosystem doesn't miss its moment. The Indian government has increased the defence budget to Rs 6.81 lakh crore for FY 2025–26 and launched schemes like iDEX and the Technology Development Fund (TDF) to support homegrown solutions. But capital gaps remain for early-stage companies working on complex, high-risk, high-reward technologies—precisely where venture capital firms like Titan Capital can play a catalytic role by unlocking speed, conviction, and long-term support that traditional systems often Capital has backed over 250 startups to date, including Ola, Razorpay, Urban Company, OfBusiness and Giva.
Time of India
23-05-2025
- Business
- Time of India
Titan Capital launches investment vertical to back defence-tech founders
Live Events NEW DELHI: Titan Capital , a seed-stage venture capital firm, has announced the launch of a specialised investment vertical to fund startups innovating in India's defence and strategic technology this program, Titan Capital is actively seeking to invest in startups working at the intersection of advanced hardware, aerospace, cybersecurity , and manufacturing. The focus is not only on national security but also on fostering deep-tech innovation, creating high-value jobs, and helping India become a net exporter of strategic technologies. Kunal Bahl , Co-founder of Titan Capital, said in a statement, 'We are at a historic inflection point where national security, deep-tech innovation, and startup agility are converging. India cannot achieve true self-reliance in defence by relying on imports or public funding alone. We need to back our brightest minds—engineers, researchers, and builders—to create sovereign, dual-use technologies that can shape not just India's future, but the future of global defence. At Titan, we've always been a founder-first firm. This vertical extends that ethos into a sector that has national consequence.'As part of this initiative, Titan Capital is also looking to collaborate with veterans from the armed forces, scientists, and experienced technologists who can help assess and guide these investments with strategic insight and domain venture capital is accelerating its focus on defence-tech. U.S.-based Anduril Industries recently raised $1.5 billion for its AI-enabled combat systems, while Europe's Helsing secured €450 million in backing from General Catalyst to develop defence AI. India is now at the brink of a similar inflection, and Titan Capital wants to ensure that the ecosystem doesn't miss its Indian government has increased the defence budget to Rs 6.81 lakh crore for FY 2025–26 and launched schemes like iDEX and the Technology Development Fund (TDF) to support homegrown solutions. But capital gaps remain for early-stage companies working on complex, high-risk, high-reward technologies—precisely where venture capital firms like Titan Capital can play a catalytic role by unlocking speed, conviction, and long-term support that traditional systems often Capital has backed over 250 startups to date, including Ola, Razorpay, Urban Company, OfBusiness and Giva.
