The Tourism Development Fund (TDF), the national enabler of the tourism sector, launched the “Tourism Empowerment” programs to provide comprehensive financing solutions to support micro, small and medium enterprises (SMEs) in the tourism sector. This will contribute to providing a work environment full of opportunities, in cooperation with partners from commercial banks, government agencies, financing companies, and financial technology companies that contribute to facilitating access to competitive and flexible financing solutions, and building a credit relationship for establishments with financing agencies through various Tourism Empowerment programs. The programs also include various solutions that enable these establishments to achieve their vital role in the national economy and contribute to achieving the goals of the tourism sector. These include joint financing solutions, in cooperation with commercial banks that contribute to enhancing the ability of these establishments to grow and expand their projects, in addition to financing various products with flexible repayment periods of up to 60 months. The TDF provides the Financing Companies Program, one of the financing programs developed by the Fund in cooperation with financing companies licensed by the Saudi Central Bank. It aims to provide support to micro, small and medium enterprises and expand their scope in the tourism […]