# Tourism Development Fund

> Tourism Development Fund is a VC fund in Riyadh backing Travel, Tourism and Railroad. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 4
- Last investment: Dec 2025
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/tdf-sa
- Website: https://www.tdf.gov.sa/content/TDF/TDF

Tourism Development Fund is a VC fund in Riyadh focused on Travel and Tourism. Tourism Development Fund aims to provide local and international investors with access to high-potential tourism investments in key Kingdom destinations.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Travel | 2 | 50% |
| Tourism | 2 | 50% |
| Railroad | 1 | 25% |
| Lifestyle | 1 | 25% |
| Transportation | 1 | 25% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 25% |
| Funding Round | 1 | 25% |
| Debt Financing | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Saudi Arabia | 2 | 50% |
| Oman | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dream of the Desert | Dream of the Desert designs ultra luxury train. | $41.3M | Debt Financing | Dec 23, 2025 |  |
| Al Matar Group | Al Matar Group provides individuals and businesses with technical travel solutions. |  |  | Mar 15, 2023 |  |
| almatar | almatar is a new Saudi OTA. Providing travel services, information, and resources about travelling anywhere around the world. Through almatar you can make hotel reservations, book flights, get detailed accurate information about hundreds of destinations worldwide. Moreover, you can get tips and hacks about the place you are about to visit.Andbecause we praise our Arabic Culture; Our services and programs are designed exclusively for families and individuals. Providing delightful trips to our Saudi Citizens with full respect to our precious culture. Aiming to empower and benefit them. Doing the best we can to provide them with the finest of all. |  | Venture - Series Unknown | Mar 14, 2023 |  |
| Al Matar Group | Al Matar Group provides individuals and businesses with technical travel solutions. |  | Seed | Mar 14, 2023 |  |

4 of 4 investments shown.

## Co-investors
- [Impact46](https://shizune.co/investors/profile/impact46) — VC Fund, 4 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Phaze Ventures](https://shizune.co/investors/profile/phaze-ventures) — VC Fund
- [Future Fund Oman](https://shizune.co/investors/profile/future-fund-oman) — VC Fund
- [IDO Investments](https://shizune.co/investors/profile/ido-investment) — VC Fund

## Featured in investor lists
- [All Investors in Oman](https://shizune.co/investors/investors-oman)
- [All VC Funds in Oman](https://shizune.co/investors/vc-funds-oman)

## FAQ

### What does Tourism Development Fund invest in?

Tourism Development Fund invests primarily in Travel, Tourism and Railroad startups, most often at Seed and Funding Round stage. Most of the 4 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Tourism Development Fund last invest?

The most recent investment recorded for Tourism Development Fund closed in Dec 2025. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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