30/01/2017 10:47 AST

Saudi Arabia's Al Tayyar Travel Group has extended its partnership agreement with Amadeus, a leading provider of technology solutions for the global travel sector.

The agreement extension till the year 2020 will transform the existing relationship between Amadeus and Al Tayyar to a strategic partnership, and expand their cooperation from the local level to the Middle East and North Africa. The signing of the agreement marks a step forward in ensuring the delivery of quality services to a wider customer base across the region.

Al Tayyar Group's decision to upgrade the partnership with Amadeus to the regional level is in line with its intensive projects and investments in the e-commerce, travel and tourism industries, as well as its global expansions.

Abdullah bin Nasser Al-Dawood, managing director and CEO of Al Tayyar Travel Group, said: "As a major company in the regional travel sector, Al Tayyar has been building on the solid foundation of our existing relationship with global travel solutions providers like Amadeus. Our vision is to find innovative ways to meet the needs of the market and create new avenues for growth. The expansion of our strategic partnership with Amadeus to the regional level will further strengthen our relationship and infuse fresh energy to the corporate travel sector in the region."

Amadeus is one of main leading innovators in the travel sector; it has been empowering the regional travel industry with next-generation products and services to help it overcome rising costs, unpredictable market conditions and changing business models. Its integrated and comprehensive suite of solutions allows travel agencies to streamline and enhance the corporate travel process, enabling them to leverage the opportunities offered by automation and digitization to gain competitive advantages in the market.

Antoine Medawar, vice president of Amadeus Mena, said: "The Mena region represents a key hub of corporate travel and offers vast opportunities for the travel industry. As Amadeus takes its strategic partnership with Al Tayyar to the regional level, the corporate travel sector in the Mena region will stand to gain significantly from the expertise of two leading players in the travel industry. Amadeus is committed to excellence as we work together with Al Tayyar to find new ways to satisfy customer needs and identify exciting new opportunities in the region."

In the past few years, Amadeus and Al Tayyar Travel Group have worked together to drive operational efficiencies in the Saudi travel industry, offering specially designed services inspired by the unrivalled innovative Amadeus distribution technology. During the course of the existing relationship, Amadeus developed specific solutions that met the needs of Al Tayyar's customers, and helped it effectively use technology as a true competitive differentiator to succeed in a rapidly changing market.

Known for its professional services and distinguished client care, Al Tayyar Travel Group is the trusted agency of more than 1,600 governmental and private corporations. It has invested in approximately 400 branches across Saudi Arabia and other Gulf countries, Egypt, Sudan, Lebanon, Malaysia, the UK, Canada and other popular tourist locations.


Trade Arabia

Al Tayyar Travel launches transformation plan

14/12/2017

Saudi Arabia-based Al Tayyar Travel Group, a leading global travel and tourism company, today announced a strategic transformation plan that will take the company in a new, more focused direction to

Trade Arabia

Obaid Humaid Al Tayer heads UAE delegation at World Bank Group and IMF

16/10/2017

The UAE's Minister of State for Financial Affairs, Obaid Humaid Al Tayer, participated in the annual meeting of the International Monetary Fund (IMF) and the World Bank Group this past weekend, acco

Gulfnews

Al Tayyar inks partnership with Travelport on global expansion

15/10/2017

TRAVELPORT, a leading Travel Commerce Platform, announced on Oct. 12 a new global agreement with Al Tayyar Travel Group Company, the leading travel company in the Middle East. As a result of this

Saudi Gazette

Ticker Price Volume
NADEC 27.30 1,369,614
DU 6.55 441,215
ARDCO 29.25 233,374
ZAINKSA 10.82 1,868,409
A.OTHAIMMARKET 11.90 545,416
LUMI 77.50 102,302
ALRAZI 43.00 800
SEERA Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ARMAH 84.00 0.80 (0.96%)
AMERICANA 2.52 0.00 (0.00%)
LEEJAMSPORTS 203.20 -1.60 (-0.79%)
NCLE 227.00 2.60 (1.15%)
ATAA 81.60 2.20 (2.77%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula