Oracle has announced that Tourism Development Fund (TDF) has completed a major Oracle Cloud implementation supporting the organisation’s objective in enabling investors and drive the development of Saudi’s tourism sector
With a capital of US$4 billion.
TDF aims to be the key enabler of tourism development in the Kingdom. By providing financing solutions for investors, TDF aims to drive the development of distinguished tourism projects in various regions of the Kingdom, thereby accelerating the National Tourism Strategy’s goal of raising the tourism sector’s contribution from 3% to 10% by 2030 and creating 1 million new jobs by 2030.
The implementation, which spans Oracle Software-As-a-Service (SaaS), Platform-As-a-Service (PaaS) and Infrastructure-As-a-Service (IaaS) cloud solutions, is designed to drive automation and integration of TDF’s core functions including core banking, finance, human resources and procurement.
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