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Saudi Arabia's Tourism Development Fund (TDF) has launched a tourism growth centre - TDF Grow - to support entrepreneurs and small- to medium-sized enterprises in the tourism sector.
The center aims to drive innovation, nurture talent, provide appropriate tools and environments for entrepreneurs, and help them establish tourism facilities, reported SPA.
The center's objective includes offering high-value services and establishing a partner network through effective communication channels with the business sector of the tourism industry.
By connecting commercial opportunities with investors and partner institutions across public and private sectors, it streamlines processes to support and empower tourism establishment owners in the kingdom.
This aims to facilitate their expansion and expedite growth, ultimately attracting new investors, said the report.
According to TDF, the new centre will launch five programmes that meet the needs of entrepreneurs and small to medium-sized enterprises in various fields in the tourism sector.
Its launch is part of the Tourism Development Fund's commitment to stimulating investment in the tourism industry, enhancing the readiness of entrepreneurs and SMEs and supporting them with programmes and services.
It helps to accelerate the pace of work in the kingdom's tourism sector in line with the National Tourism Strategy and Saudi Vision 2030.