Saudi Tourism Development Fund announces future partnership with MINOR Hotels

Saudi Tourism Development Fund announces future partnership with MINOR Hotels

Riyadh: Saudi Arabia’s Tourism Development Fund (TDF) announces the signing of a memorandum of understanding (MoU) with MINOR Hotels, a hotel owner, operator, and investor. The MoU aims to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts, and urban hotels within the Kingdom. The first project under this partnership is expected to be announced in the second half of 2023.

The future establishment of a strategic partnership between the two parties in exclusive regions in Saudi Arabia will see the development of multiple hospitality projects like MINOR's flagship brands of Anantara, Avani and Tivoli over the next couple of years.

MINOR Hotels will act as an operator and partner in each of the projects, which are expected to become distinct destinations in their respective locations.

MINOR Hotels currently owns a portfolio of 530 hotels and resorts in 56 countries across Asia Pacific, the Middle East, Europe, the Americas, Africa, and the Indian Ocean.

The development of Anantara, Avani, Tivoli, and Oaks hotels and resorts in Saudi Arabia is consistent with the Kingdom’s National Tourism Strategy (NTS) and in line with the Saudi Vision 2030. The projects will be developed in the targeted tourism destinations specified in the