Thomas Cook India's Arm, Kanoo Travel To Form Joint Venture In Saudi Arabia

Listen to This Article

Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia.

The collaboration will bring together two travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region, according to a statement on Wednesday.

"The synergies will ensure a portfolio of extensive and exceptional destination services in Saudi Arabia," Thomas Cook (India) Chairman and Managing Director Madhavan Menon said.

Desert Adventures is a destination management company headquartered in the UAE, operating in the Gulf Cooperation Council (GCC) countries and Jordan.

"Our partnership with Desert Adventures Tourism brings together our collective expertise, industry knowledge, and innovative approach to deliver exceptional solutions and services," Yusuf Bin Ahmed (YBA) Kanoo Company, Saudi Arabia, deputy chairman and YBA Kanoo's Strategic Business Unit chairman Ali Abdulla Kanoo said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more