Saudi tourism fund signs pact with Spanish hotel chain Melia to set up three hotel projects – Arabian Business

Saudi tourism fund signs pact with Spanish hotel chain Melia to set up three hotel projects – Arabian Business

The Tourism Development Fund (TDF) of Saudi Arabia and leading Spanish hotel chain Melia Hotels International has entered into a pact to bring new tourism concepts focused on leisure, f&b and entertainment to three key destinations in the Kingdom.

Riyadh, Jeddah and the Eastern Province are the three destinations where the hotel projects are to come up.

TDF and Melia will develop high-quality tourism destinations, with a total project value of more than SAR 1 billion ($266.5 million) for the three destinations.