The MoU signing ceremony
The Tourism Development Fund (TDF) signed a memorandum of understanding (MoU) with Hyatt Hotels to establish luxury hotels across the Kingdom, Saudi Press Agency (SPA) reported.
This partnership aims to develop several hospitality destinations to enhance tourism activities in Saudi Arabia. These destinations may include beach and urban hotels, as well as mountain, desert and farm retreats.
These projects will be developed under Hyatt’s existing brand, such as Alila Resorts, Park Hyatt, Hyatt Centric, Grand Hyatt and other Hyatt brands upon mutual agreement by the two entities.
The MoU comes in line with the Kingdom’s National Tourism Strategy and Saudi Vision 2030.
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