Minor partners with Saudi’s Tourism Development Fund

Minor partners with Saudi’s Tourism Development Fund

Minor Hotels has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Tourism Development Fund to jointly develop and operate hospitality and lifestyle projects in the kingdom. These projects, Minor said, will include mountain resorts, wellness resorts and urban hotels, with the first project under this partnership expected to be announced in H2 this year. Saudi Arabia’s Tourism Development Fund was established in 2020 and supports tourism investments in the kingdom, linking private sector investors with public funding opportunities. Under the latest MoU, Minor Hotels will act as an operator and partner in its upcoming projects which will result in the development of “multiple hospitality projects” over the next couple of years. Minor’s flagship brands including Anantara, Avani, Tivoli and Oaks will be established in locations around Saudi by way of the agreement. The luxury brand Anantara will constitute at least one of the agreed projects. Anantara Hotels, Resorts and Spas is found extensively in the GCC and has more than ten properties in the UAE, Oman and Qatar. Minor’s Avani Hotels and Resorts brand will debut in the kingdom with multiple properties to be developed as part of the partnership. In the GCC, Avani properties have already opened in