Halal Products Development Company (HPDC) signed a strategic partnership with Halal Development Corporation Berhad (HDC) to amplify the growth of the Halal industry within Saudi Arabia and globally at Halal Expo London. According to the terms of the agreement, the two companies will exchange information on industry-leading practices and successful models of Halal ecosystems. In addition to fostering commercial relationships between stakeholders in a variety of Halal sectors, the agreement will broaden the scope of collaboration by facilitating engagement with Halal exporters and investors. Fahad S. AlNuhait, CEO of Halal Products Development Company, affirmed the importance of the alliance, commenting: “Through our partnerships and strategic agreements, we at HPDC strive to connect vendors, distributors, and businesses operating in the Halal industry across the world.” “We are excited to enter into this landmark agreement which allows us to leverage shared resources to make a significant contribution to the expansion of the industry. With this agreement, our aim is to establish a dynamic ecosystem in Saudi Arabia that enhances the local economy, invites international investors, and increases Halal trade worldwide.” In alignment with the sentiment, Hairol Ariffein Sahari, CEO of Halal Development Corporation Berhad, said, “This collaboration transcends mere business alignment; it embodies a shared vision to propel the Halal industry to new heights globally.  With HDC’s vast experience in building a comprehensive halal ecosystem, we will provide specialized advisory, investment strategies, innovation collaboration, technology transfer and Industry Thought Leader sharing. We believe HDC can provide a proven effective operational model, along with a sustainable Halal ecosystem not only brings substantial benefits to Saudi Arabia but also extends its positive impact to a global scale and beyond.” Both organizations will continue to collaborate …

Almosafer announced the signing of a strategic partnership with Talemia to provide and implement field trips ( by planes, buses) for school students in the Kingdom providing enjoyable and culturally enriching experiences. The collaboration builds on the mutual commitment of the two entities to nurture a profound understanding of Saudi Arabia’s rich natural and cultural heritage of Saudi Arabia among students. Under the three-year agreement, Discover Saudi, Almosafer’s destination management company, will be responsible for meticulously curating and expertly managing cultural field trips  that offer immersive cultural experiences for students from elementary to high school. The core objective is to offer a deep understanding of the cultural richness and achievements of the Kingdom through specially curated hands-on learning opportunities for public education. Commenting on the newly signed agreement, Fahad Mohammed Alobailan, Chief Tourism Officer at Almosafer, said: “We are excited to support “Talemia” and the Ministry of Education in taking education beyond the confines of classrooms and textbooks as we believe that every student should have the opportunity to explore, learn, and be inspired by their own heritage and culture. The partnership with Talemia allows us to perfectly blend culture with education and draws on the expertise of Discover Saudi in fostering a deep appreciation of our Kingdom’s heritage to create lifelong learners in the Kingdom with a passion for culture and history.” The trips, organized by Discover Saudi in collaboration with Talemia, will meet the requirements of the student activities specified by the Ministry of Education departments in the Kingdom. Students will embark on journeys to various cities, where these trips will bridge the knowledge derived from textbook knowledge with real-world experiences, and enable the students to explore and …

Travelport Worldwide Limited announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport’s technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers. The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company’s balance sheet (the “Transaction”). Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport’s existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors. These investors will remain well positioned to provide strategic counsel and support to the Company’s management. “This investment demonstrates our investors’ support for Travelport and will advance our mission to reinvent a better future for the travel industry,” said Greg Webb, Chief Executive Officer of Travelport. “With this new investment, Travelport will have a strong balance sheet with the least amount of debt amongst its peers, which we believe will put the Company in an even better position for long-term, profitable growth. Most importantly, this Transaction will further strengthen our operating business and accelerate our investments in Travelport+ and other initiatives that make us the most innovative and agile partner to all our customers. We thank our investors for their significant vote of confidence in Travelport.” In the last year, Travelport has undertaken several successful strategic investments and initiatives to enhance the technology, products and services it provides to customers. These include the acquisition of …

PIF announced that it has entered into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, PIF will acquire 10% in TopCo, and Ardian through its infrastructure funds will acquire 15% through separate vehicles. The transaction is subject to complying with ROFO (Right of First Offer) and full tag-along rights which may be exercised by the other Topco shareholders pursuant to the Shareholders’ Agreement and the Articles of Association of the company, in addition to satisfaction of applicable regulatory conditions. PIF is pleased to be investing in Heathrow, a world-class airport, which acts as a key gateway to the world. PIF’s investment in Heathrow is in line with its strategy to support the business as a long-term partner. Heathrow is one of the world’s largest air traffic platforms, connecting the UK with global trading partners to help stimulate economic growth.

Rocco Forte Hotels announced that the Public Investment Fund (PIF) has entered into a definitive agreement to acquire a significant minority stake in the group. The Forte family will retain majority ownership and control. The arrangement sees the Italian entity CDPE Investimenti (CDPEI) selling its entire stake. PIF’s investment will include an element of primary equity which will accelerate the brand’s expansion in both existing and new global markets, building on the group’s track record of growth and development that includes eight new properties opened or committed in recent years. Sir Rocco Forte will remain Executive Chairman, alongside Olga Polizzi, who will continue as Deputy Chairman. Charles Forte, Lydia Forte and Irene Forte will also continue to hold key roles in the business. Completion of the transaction is subject to regulatory approval. Sir Rocco Forte, Executive Chairman of Rocco Forte Hotels, said: “PIF is an excellent partner for us going forward. We have established an extremely good relationship during the course of our negotiations. They share the same vision for the brand and the future strategy of the group with the same ambition to take a long-term view. I look forward to working with PIF to expand the group and improve the high level of service we offer our customers. “We thank CDPEI for having shared the past fruitful eight years during which we both successfully accomplished the mission we shared when we started the journey, having significantly enhanced the value of the company and increased the group’s presence in Italy and across Europe.” Turqi Al Nowaiser, Deputy Governor and Head of International Investments Division at PIF, said: “Our investment in Rocco Forte Hotels reflects PIF’s confidence in both the …

Copthorne Hotel Dubai walked away as the winner of ‘Best 4 Star Hotel’ at Arabian Travel Awards 2023. Shady Dawad – General Manager – Copthorne Hotel Dubai shared, “The Arabian Travel Awards is a fascinating assembly of innovators in the hospitality industry. Being consistently named the Best 4-Star Hotel is an incredible experience. This demonstrates our dedication to providing excellent guest service. The award is a powerful inspiration for us to ignite our zeal and strive for even greater heights in the year 2024.”    

On the side lines of COP28, the World Travel & Tourism Council (WTTC) launched its new ground-breaking report, ‘Water Roadmap for Travel & Tourism’, revealing total water intensity by global Travel & Tourism continues to decrease as the sector continues to grow. Despite being one the fastest growing sectors, accounting for one in 10 jobs globally and contributing 10.4% of global GDP in 2019, Travel & Tourism’s water usage ranged between 3.5% and 5.8% of global available freshwater, in 2021 and 2019 respectively. While this is a lower share than other key sectors, such as agriculture and food, which accounted for 70% of global water usage, there is more work to be done as growing water scarcity has become one of the most pressing challenges for sustainable development. Today, over 2.2 billion people do not have access to safe drinking water, while 4.2 billion do not have access to safe sanitation services. Water is a vital natural resource, sustaining life on earth, making it an essential asset that must be protected. The report highlights that further progress can be made if Travel & Tourism stakeholders take a series of actions, and sustainable water practices are implemented globally. In a collaborative effort, WTTC worked with Accenture and Oxford Economics to leverage their expertise in data analysis, best practices, and proven methodologies, providing a framework to help the global travel and tourism sector set water targets, reduce their water footprint and increase water resilience. The data is a result of to the partnership between WTTC and the Saudi-based Sustainable Tourism Global Center. According to the research, from 2010 to 2019, Asia Pacific, Americas and the Middle East saw their Travel & Tourism …

Vistara announced the addition of Doha (Qatar), its 50th destination, to its growing network. The airline will be operating direct, 4x weekly flights between Mumbai and Doha, starting from 15 December 2023 using its A321neo aircraft. Bookings for the flights are being progressively opened on all channels, including Vistara’s website, mobile app, and through travel agents. Mr. Vinod Kannan, Chief Executive Officer, Vistara said, “We are thrilled to introduce direct flights between Mumbai and Doha – the capital of Qatar and a burgeoning financial hub in the Middle East. Given the city’s growing economic significance, this move not only further solidifies our presence in the Gulf region but also enhances our network offering from our Mumbai hub. We hope that our customers will appreciate having the option of flying with India’s best airline on this route.” Introductory all-inclusive, round-trip fares Sector Economy Premium Economy Business Mumbai – Doha – Mumbai INR 30,599 INR 39,399 INR 111,049 Doha – Mumbai – Doha QAR 1349 QAR 1849 QAR 4699   Schedule of flights to/from Doha effective 15 December 2023 Sector Flight No. Days of Operation Departure Arrival Mumbai – Doha UK  285 Mondays, Wednesdays, Fridays, Sundays 18:45 hrs 20:30 hrs Doha – Mumbai UK  286 Mondays, Wednesdays, Fridays, Sundays 21:45 hrs 4:05 hrs (+1) * All timings shown are in local time zones, exact timings may differ slightly for respective days of operations ** (+1) indicates next-day arrival *** Subject to regulatory approvals Vistara will accept all eligible customers meeting visa/entry requirements in both countries, as specified by the respective government bodies. Vistara strongly encourages its customers to fully understand these guidelines before making their bookings. Vistara is India’s highest-rated airline on …

Dubai in its commitment to sustainable tourism announced the launch of the Dubai Reef project, one of the world’s largest marine reef developments, marking a pioneering step in the journey towards ecological preservation. In line with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, the Dubai Reef project will be led by the Dubai Department of Economy and Tourism (DET) and founding partner, the Regulatory Committee on Fishing of Living Aquatic Resources in Dubai, in cooperation with Dubai Chambers, the Ports, Customs and Free Zone Corporation (PCFC), and Nakheel. The project is part of the city’s efforts to increase fish stocks, support sustainable fishing and contribute to boosting food security. Dubai Reef project will also play a vital role in reducing carbon emissions and increasing marine biodiversity. As the city continually strives to achieve the objectives outlined in the Dubai Economic Agenda, D33, to strengthen Dubai’s profile as a leading sustainable city, the landmark project is set to further consolidate the emirate’s position as one of the top three global cities. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum highlighted that preserving the environment, safeguarding wildlife and promoting biodiversity stand as core priorities for the UAE, aligned with the strategic initiative to achieve climate neutrality by 2050. His Highness also emphasised that safeguarding the continuity and quality of human life requires a concerted and intensified commitment to launching high-impact projects and championing the adoption of best practices that ensure environmental safety and sustainability for generations to come. “Dubai recognises the critical importance of the environment and is fully committed to its preservation …

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) hosted its inaugural Emirati Hospitality Ambassadors Forum, a new platform that empowers and connects UAE nationals working across the emirate’s tourism sector. The event saw the participation of DCT Abu Dhabi leadership and over 80 Emirati tourism professionals from across the sector, representing diverse roles such as tour guides, agents, marketers, and managers, among others. The annual forum was incepted to highlight the pivotal role Emiratis play in delivering authentic experiences for visitors, and to facilitate networking and the exchange of invaluable insights about Abu Dhabi’s rapidly growing tourism and hospitality sector. HE Saleh Mohamed Al Geziry, Director General for Tourism at DCT Abu Dhabi, said: “As we continue to grow and elevate Abu Dhabi’s tourism landscape, we must ensure our community of Emirati tourism and hospitality ambassadors are given the tools and resources needed to deliver authentic and unforgettable experiences for all. The Emirati Hospitality Ambassadors Forum will amplify the voices of our Emirati talent, while leveraging their unique perspectives to steer and evolve Abu Dhabi’s hospitality industry.” The Emirati Hospitality Ambassadors Forum aligns with DCT Abu Dhabi’s mission to cultivate a dynamic, diverse and inclusive tourism sector, one that celebrates the rich heritage and warm hospitality that defines Emirati culture.