Data released by the Tourism Development Fund revealed the distribution of funded or supported tourism projects across several destinations in the Kingdom, an indicator reflecting the expansion of tourism development and the diversity of investment opportunities among regions, with Riyadh continuing to lead the scene with 53 tourism projects, followed by Jeddah with 17 projects, then Dammam and the Eastern Province with 16 projects.

The data showed that Medina ranked fourth with 11 projects, while Asir ranked fifth with 10 projects, indicating growing interest in destinations with natural and cultural potential, and increasing investments aimed at enhancing tourism experiences in those areas.

Related News

Al-Ahsa and Al-Baha each recorded 7 projects, while Taif had 5 projects, with Al-Jouf and Hail each having two projects, and one project each in Jazan and Makkah Al-Mukarramah, reflecting the continued diversification of tourism project distribution across various destinations, according to the needs and investment opportunities of each region. According to the statistics, the total number of listed tourism projects reached 132, distributed across 11 destinations in the Kingdom, consistent with the expansion of investment activity in the tourism sector and the role of the Tourism Development Fund in supporting qualitative projects that contribute to raising the sector's capacity, diversifying tourism products, and enhancing the goals of Saudi Vision 2030 aimed at making tourism one of the most important drivers of the national economy.

Investments in Major Cities

It is worth noting that the Tourism Development Fund provides financial solutions within the 'Tourism Enablement' programs, through which promising projects are financed in cooperation with financing partners. The Fund also provides dedicated support for major qualitative projects in the tourism sector, which require financing exceeding 15 million riyals, through the Tourism Investment Portal, under three main categories.

These three categories are:

First: Guarantees – the Fund provides investors with guarantees to facilitate obtaining financing, by covering part of the credit requirements and reducing risks for lenders, thereby enhancing the success chances of tourism projects. Second: Equity Participation – supported by the Tourism Projects Fund through direct equity participation at various stages and sectors. This support comes through diverse investment tools aimed at enabling investors, enhancing project growth, and raising their competitiveness locally and globally. Third: Loans – the Fund provides short, medium, and long-term loans to support tourism projects in the Kingdom, enabling investors to develop their services and improve the quality of their projects.