The Tourism Development Fund “Programs to Support 10,000 Small and Medium-Sized Enterprises,“ as part of its support for micro, small, and medium-sized enterprises in the tourism sector, which represents one of the fundamental pillars of economic and social development in the Kingdom.
Various forms of support from the Fund
Under these programs, the Tourism Development Fund will provide financial and non-financial support to micro, small, and medium-sized enterprises through the “Aoun Al-Siyaha” program, which consists of three sub-programs: “Activating Experiences,” ”Innovation,” and ”Hospitality.” These programs address the various financial needs of this segment of enterprises, whether for launching new commercial ventures or expanding existing businesses, across the tourism sector’s value chains.
Empowering Entrepreneurs
The fund provides non-financial support by strengthening the comprehensive ecosystem of the tourism sector through the Tourism Growth Center, which aims to stimulate innovation, nurture talent, and provide entrepreneurs with the right tools to build a strong tourism community and help them establish successful, high-caliber businesses in the Kingdom, The center also provides non-financial services through a range of programs, services, and events to strengthen the capabilities of startups by creating opportunities and facilitating direct market access for their founders.
The Aoun Tourism Program
The Aoun Tourism Program and the Tourism Growth Center aim to: stimulate and support the creation of unique tourism projects,- provide sustainable financing for micro, small, and medium-sized enterprises in the tourism sector, and ensure the highest level of commercial maturity across the sector and regions, increase cooperation and partnerships with major entities in the tourism sector; invest in the comprehensive tourism ecosystem to drive growth; and ensure institutional excellence, flexibility, and digitalization to enable various sector stakeholders to deliver the best and most innovative services in their respective categories.
