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TDF Collaborates with Hyatt to Develop Hospitality Focused Destinations in Saudi Arabia

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
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TDF Collaborates with Hyatt to Develop Hospitality Focused Destinations in Saudi Arabia

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA

The Saudi Tourism Development Fund (TDF) has signed a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across Saudi Arabia.

The collaboration aims to develop several hospitality-led destinations which will enhance the tourism offering in Saudi Arabia. These destinations may include beach and urban hotels, as well as mountain, desert and farm retreats. They will be developed under Hyatt’s existing trademarks, such as Alila Resorts, which offer an authentic wellness destination experience, or other trademarks such as Park Hyatt, Hyatt Centric, Grand Hyatt and any other Hyatt brands mutually agreed upon by the entities.

The development of these hotels would be part of the Kingdom’s National Tourism Strategy and in line with Saudi Vision 2030.

Commenting on the agreement, CEO of the Tourism Development Fund Qusai Al-Fakhri, said, “We are joining forces with many legacy brands in the tourism, hospitality, and business travel segments as we continue to thoughtfully expand our roster of collaborators. This collaboration with Hyatt will help us to attract tourists and ensure that they receive a comfortable, high-quality experience in the Kingdom’s top tourism destinations.”

Hyatt has one of the world's largest portfolios of hotels and resorts, focused on the high-end travelers in each segment that it serves, and is continually growing its brand footprint. It has established an industry-leading luxury, lifestyle, and leisure portfolio across Europe, the Middle East, and Africa, which is significantly contributing to its global expansion.

Regional Vice President, Development - Middle East and Africa at Hyatt Ludwig Bouldoukian, said that Saudi Arabia is the largest emerging market in the Middle East.

The Kingdom “has been recognized as one of the world’s fastest growing tourism destinations and we see this as a great opportunity to expand Hyatt's brand footprint while providing exquisite service and care to local and international high-end travelers.”

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country, with the objective of attracting one hundred million tourists by 2030.

The fund intends to provide financial resources and expertise to entrepreneurs worldwide looking to invest in the ten key destinations across Saudi Arabia that offer huge prospects across the tourism value chain.

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Jill Biden Gets Priciest Gift from a Foreign Leader in 2023 — a $20,000 Diamond

US President Joe Biden and First Lady Jill Biden walk on the South Lawn of the White House as they return to Washington, DC, from Camp David, on January 2, 2025. (Photo by Chris Kleponis / AFP)
US President Joe Biden and First Lady Jill Biden walk on the South Lawn of the White House as they return to Washington, DC, from Camp David, on January 2, 2025. (Photo by Chris Kleponis / AFP)
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Jill Biden Gets Priciest Gift from a Foreign Leader in 2023 — a $20,000 Diamond

US President Joe Biden and First Lady Jill Biden walk on the South Lawn of the White House as they return to Washington, DC, from Camp David, on January 2, 2025. (Photo by Chris Kleponis / AFP)
US President Joe Biden and First Lady Jill Biden walk on the South Lawn of the White House as they return to Washington, DC, from Camp David, on January 2, 2025. (Photo by Chris Kleponis / AFP)

President Joe Biden and his family were given tens of thousands of dollars in gifts from foreign leaders in 2023, according to an annual accounting published by the State Department on Thursday, with first lady Jill Biden receiving the single most expensive present: a $20,000 diamond from India’s leader.
The 7.5-carat diamond from Indian Prime Minister Narendra Modi was easily the most costly gift presented to any member of the first family in 2023, although she also received a brooch valued at $14,063 from the Ukrainian ambassador to the United States and a bracelet, brooch and photograph album worth $4,510 from the president and first lady of Egypt.
The US president himself received a number of expensive presents, including a commemorative photo album valued at $7,100 from South Korea’s recently impeached President Suk Yeol Yoon, a $3,495 statue of Mongolian warriors from the Mongolian prime minister, a $3,300 silver bowl from the sultan of Brunei, a $3,160 sterling silver tray from the president of Israel, and a collage worth $2,400 from Ukrainian President Volodymyr Zelenskyy.
Federal law requires executive branch officials to declare gifts they receive from foreign leaders and counterparts that have an estimated value of more than $480. Many of the gifts that meet that threshold are relatively modest, and the more expensive ones are typically — but not always — transferred to the National Archives or put on official displays.
The $20,000 diamond was retained for official use in the White House East Wing, according to a State Department document, while the other gifts to the president and first lady were sent to the archives.
Vanessa Valdivia, a spokesperson for Jill Biden, said the diamond will be turned over to the archives after they leave office. According to The Associated Press, she did not say what it was being used for.
Ukraine's ambassador, Oksana Markarova, said Friday on Facebook that a Ukrainian designer fashioned the brooch from the remains of a Russian rocket and that the piece was made from inexpensive materials, so its “true value ... lies in its symbolism." The embassy's spokesperson, Halyna Yusypiuk, said US officials provided the assessed value.
Recipients have the option to purchase the gift from the US government at its market value, although that is rare, particularly with high-end items.
According to the State Department’s Office of Protocol, which compiles the list that will be published in Friday’s edition of the Federal Register, several employees of the CIA reported receiving lavish gifts of watches, perfume and jewelry, nearly all of which were destroyed. Of the gifts destroyed, they were worth more than $132,000 combined.
CIA Director William Burns received a $18,000 astrograph, which is a telescope and astrological camera, from an foreign source whose identity is classified. That is being transferred to the General Services Administration. But Burns reported receiving and destroying an $11,000 Omega watch, while numerous others did the same with luxury timepieces.
Below the rank of director, the CIA employees who reported gifts are not identified, but one of them logged an Omega Seamaster Aqua Terra watch, a ladies Omega Constellation watch, a diamond necklace, earring bracelet, and a ring that were valued together at $65,100.