Saudi Tourism Development Fund, Ennismore to establish $400m hospitality investment fund 

RIYADH: Saudi Arabia’s Tourism Development Fund has signed an agreement with London’s Ennismore and Al-Rajhi Capital to establish a SR1.5 billion ($400 million) investment fund in the hospitality sector. 

Through the partnership, the fund aims to advance lifestyle hotels and enhance tourist destinations within the Kingdom, according to the Saudi Press Agency.