Tag Archives: Future Hospitality Summit. KSA

Saudi Arabia’s Tourism Development Fund signs financing agreement with Golden Frond to develop five-star eco-lodge in Al-Ahsa Oasis

KSA’s Tourism Development Fund (TDF) announced the signing of a financing agreement with Golden Frond Hotel Services Company, a subsidiary company of the Afyaa Group to develop the ENVI Al Nakheel ecolodge in Al-Ahsa Oasis. The agreement demonstrates the commitment of both parties to advance sustainable tourism development, in line with the objectives of KSA’s National Tourism Strategy and the Kingdom’s Vision 2030. The announcement of this agreement coincided with the FHS Future Hospitality Summit held in Riyadh from May 7 to May 9, 2023. The Al-Ahsa region is one of the targeted tourist destinations and home to one of the largest oases in the world. It is the first site in the region to be registered on the UNESCO World Heritage List because of its rich archaeological features, which show evidence of human settlement in the region since the Neolithic era. These historical attractions make Al Ahsa the ideal location to create tourism facilities where visitors can enjoy its beauty and charm. The Future Hospitality Summit witnesses the participation of a number of senior government figures, officials from the tourism and hospitality industry, as well as prominent developers, investors, hotel owners and operators, to discuss prospects for the growth and development of the tourism and hospitality sector in the Kingdom. The agreement ratifies the importance of the Al-Ahsa region, which is one of the ten targeted tourist destinations. ENVI Al Nakheel will provide 25 lodging pods consisting of one- and two-bedroom units. The destination will also include several facilities such as farm-to-table dining, spa, local arts & crafts, and a selection of unique activities. The lodge will be operated by ENVI Lodges – the eco-friendly, premium quality luxury lodge …

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