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Press Dossier    By Date   20/05/2023 Saudi Tourism Development Fund signs deal with Hyatt Hotels

Arab News, Saturday, May 20, 2023 | Shawwal 30, 1444

​​Saudi Tourism Development Fund signs deal with Hyatt Hotels

Saudi Arabia: The Saudi Tourism Development Fund has signed an agreement with Hyatt Hotels to establish luxury hotels throughout the Kingdom, Saudi Press Agency reported on Thursday  

“We are proud to expand our strategic partner base, which includes many prestigious international names and brands in the tourism and hospitality sectors,” Qusai Al-Fakhri, CEO of the Tourism Development Fund, said. 

“Our partnership with the Hyatt Group will reinforce our efforts to diversify the Kingdom’s tourism and hospitality sectors, as well as attract more visitors by providing them with unique world-class experiences in Saudi Arabia’s top tourist destinations.”

Ludwig Bouldoukian, regional vice president of development for the Middle East and Africa at Hyatt Hotels, said: “Saudi Arabia is the largest emerging market in the Middle East and has made great progress in various sectors, including tourism and hospitality. 

“We welcome this partnership and consider it a great opportunity  for expanding Hyatt’s distinctive services to local and international visitors and tourists in the Kingdom.”

The Saudi Tourism Development Fund supports tourism investment in the Kingdom, with the goal of attracting 100 million visitors by 2030. It aims to provide financial resources and expertise to global business leaders looking to invest in Saudi Arabia’s top 10 tourist destinations.

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