CAIRO: Saudi Arabia’s Lifestyle Hospitality Fund is on a shopping spree with funds of $400 million to develop lifestyle properties across the Kingdom, including urban beachfront, according to one of the key figures in the organization. Established last November, LHF is an outcome of a tripartite partnership among the Kingdom’s Tourism Development Fund, London-based hospitality
Saudi Arabia s The Tourism Development Fund (TDF) has entered into a strategic partnership with top lifestyle hospitality company Ennismore and leading asset manager Al Rajhi Capital, to develop a range of lifestyle projects across the kingdom.
The projects to be developed are part of the newly formed Lifestyle Hospitality Fund, which has recently received approval by the Saudi market regulator, Capital Market Authority (CMA).