Arab News, Thu, Feb 29, 2024 | Shaban 19, 1445
Tourism Development Fund signs MoU with Dan Company for Saudi Arabia agritourism projects
Saudi Arabia:
The Tourism Development Fund has signed a memorandum of understanding with Dan
Company, a subsidiary of Saudi Arabia’s sovereign wealth fund Public Investment
Fund, to support investments in the Kingdom’s agritourism sector.
Dan Company specializes in agri, eco, and
adventure tourism that offers a mix of daytime hospitality experiences and
overnight stays.
The agreement was signed by Qusai bin Abdullah
Al-Fakhri, CEO of the Tourism Development Fund, and Abdulrahman Abaalkhail, CEO
of Dan Company.
“This memorandum reflects our firm commitment to
developing and enabling all investments in the tourism sector and creating
qualitative investment opportunities for the private sector to support the
future of the tourism industry in the Kingdom and enhance its competitiveness,
providing unique experiences for our visitors,” Al-Fakhri said in a statement.
“Integrating rural agricultural elements into
tourism programs will enrich visitors’ experiences and provide them with a
unique opportunity to discover the beauty of nature and its competitive
potential and to connect with the local agricultural culture.”
Abaalkhail meanwhile said: “The agreement… aims to
contribute to the development of a sustainable local tourism system by providing
financing solutions to our partners, farm owners, to enable them to diversify
their activities, build prosperous businesses, and enhance the economic and
social situation of local communities.”
“It will also provide opportunities for visitors
to learn more about traditional and modern agricultural practices, discover
amazing outdoor activities, and enhance their connection to the nature of the
Kingdom.”