Tag Archives: ADDH

Abu Dhabi Developmental Holding Company (ADDH) announced signing agreement with Wizz Air to jointly establish Wizz Air Abu Dhabi. The LCC plans to start operations in the second half of the year, to a range of destinations across Europe, ME, Asia and Africa. The airline is set to launch its operations at Abu Dhabi International Airport in Fall 2020. The agreement is a major milestone in the launch of Wizz Air Abu Dhabi, a new emirati low-cost airline based in the UAE’s capital. His Excellency Mohamed Hassan Al Suwaidi, CEO of ADDH, said, “Significant investment is going not only into our airports but also the tourist infrastructure, including hotels, resorts and cultural attractions. Last year the emirate achieved a record high of 11.35 million visitors and a key driver for this is the connectivity that enables people to visit Abu Dhabi easily and affordably. Our partnerships with Wizz Air and others will help elevate the UAE’s capital as a highly competitive regional and international destination for leisure and business travellers alike.” József Váradi, CEO of Wizz Air Holdings, said, “The joint venture agreement underpins our long-term dedication to bringing an economically and operationally highly efficient as well as environmentally most sustainable airline business model to boost Abu Dhabi’s aviation development. Wizz Air’s mission feeds into Abu Dhabi’s diversified economic strategy as we aim to stimulate traffic by creating demand to the benefit of growing Abu Dhabi’s touristic and economic diversity. We look forward to welcoming passengers on board our young, green and ultra-efficient fleet.”

Abu Dhabi Developmental Holding Company (ADDH) and FTI Group, formalised their intent to partner and boost visitor numbers to the emirate and cement Abu Dhabi’s position as a global tourism destination. Under the terms of the intent agreement, collaboration will focus on increasing the number of visitors to Abu Dhabi from key European markets, including the UK, France and Germany. ADDH is set to inject 100 million euros in FTI Group which will also help expand the firm’s worldwide business outreach and enhance its vertical integration strategy across key tourism segments including tour operation, destinations management, own content and distribution. In 2010, the firm established its flagship destination management company Meeting Point Tourism LLC in the UAE. Mohamed Al Suwaidi, CEO of ADDH, commented, “Our strategic partnership with FTI Group reflects our wider commitment, in alignment with the Abu Dhabi Government, to support the emirate’s ambition in the tourism sector. The collaboration will not only create more opportunities to enhance Abu Dhabi’s sustainable tourism sector, but it also aligns with our mandate to further develop sectors of Abu Dhabi’s non-oil economy.” Dietmar Gunz, CEO of FTI Group, said, “ADDH is an exciting partner for FTI group given its portfolio of hotels and presence in the exhibition, aviation, culture and media sectors, which will enable us to design a new class of exclusive holiday packages for the ultimate customer experience.” “Abu Dhabi is an increasingly growing tourism market and has been part of our company’s long-term expansion and consolidation strategy in the region. In the coming months, we will open our first fully serviced offices in Abu Dhabi – a clear indication of our commitment to the UAE capital,” Roula Jouny, …