The Abu Dhabi National Hotels Company (ADNH) has teamed up with the Egyptian TRAVCO company to set up a new tourism investment company. The new company will operate tourism tours and implement tourism projects in the UAE and the Middle East. The two companies signed the agreement at the ADNH in Abu Dhabi on Tuesday.
“The two parties agree to cooperate for their best mutual interest and develop travel, tourism and hospitality related projects in Abu Dhabi and Al Ain in the current phase and to expand to other territories in the future phase”, said the agreement that was signed by Khalifa Nasser Al Mansouri, Chairman of the ADNH and Hamed El Chiaty, Chairman and CEO of Travco.
Commenting on this new partnership, Sheikh Sultan bin Tahnoun Al Nahyan, Chairman of the Board of Directors of Abu Dhabi Tourism Authority (ADTA) hailed the agreement, saying that it was an integral part of the ADTA strategy.
“This agreement and partnership is consistent with the ADTA strategy to develop the tourism and hotels sector. It will also reinforce the role of the private sector in tourism development in the emirate”, said Sheikh Sultan.
He underlined the need for new tourism investment companies, noting that such companies will offer new solutions to the ever expanding development rates in Abu Dhabi emirate in particular and the region in general. The tourism sector contribution to the Emirate of Abu Dhabi grows annually by 17%.
ADNH Chairman Khalifa Nasser Al Mansouri, said the establishment of the joint venture company would boost the tourism infrastructure in the UAE and the Middle East.
“It will directly boost various services related to the tourism infrastructure such as travel and tourism services, commercial airlines services and tourism transport. We will exchange expertise with our partners in Travco to achieve the regional objectives of the company”, said Al Mansouri.
Hamed El Chiaty, Chairman and CEO of Travco said: “The newly set up company will play a pioneering role increasing the UAE share in the global tourism.”. He expressed his confidence on the success of the company, saying that it will bring together the best expertise and talents of the two partners. The investment force of the partners, coupled with their extensive regional and international relations, will serve as an additional asset for the success of the company”
The singing ceremony of the agreement was attended by Mubarak Hamad Al Muhairi, ADTA Director and Ali Ahmed Al Muhairi, Acting Director General of ADNH in addition to a host of businessmen.
Log on to VLM Abu Dhabi if you are looking for one of the
Internet’s most comprehensive directory of
hotels in Abu
Dhabi including a rich visual library of photo galleries,
virtual tours and videos. Very Last Minute Abu Dhabi allows you
to get in touch with the hotels directly - no middle man.
Virtual Abu Dhabi allows you to experience the magic of Abu Dhabi
without leaving your desk. The website uses rich media and includes 22
videos and 376 virtual tours.
Checkout Flights 2 Abu Dhabi if you want to find out how you can
fly to Abu
Dhabi from anywhere in the world. Flights 2 The World is a
leading supplier of flight data, include real-time flight information
allowing you to check delays on any commercial flight, also the airport
codes for every airport making booking flights easy.
Log on to Abu Dhabi Up if you want to find a portal where you
supply the content. This rich media portal for Abu Dhabi allows
you to tell the world what the top destinations and resorts are really
like, share your holiday experience with anyone worldwide, or just find
out what a destination is really like before your visit.