Saudi travel tycoon receives boost from pilgrimage travels
London
MOHAMMED Al Madani, chancellor at Saudi Arabia's ministry of foreign affairs, is a frequent flier, logging at least 10 international trips a year on diplomatic missions to London, Lisbon, Manila and elsewhere. Before packing his bags, he usually checks in with the Al Tayyar travel agency in Riyadh.
He is one of three million Saudi and non-Saudi government workers and their families who move in and out of the country every year, according to the Saudi Central Department of Statistics & Information. Publicly traded Al Tayyar Travel Group Holding Co has captured almost half of the domestic market for the VIP travellers, and is Saudi Arabia's largest air travel business.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US