
Almosafer Secures Global Role in Saudi Hospitality Drive
Arabian Post Staff -Dubai
Saudi Arabia's premier travel company, Almosafer, has been appointed the first global travel agency partner of Hotel Management Company Adeera, a firm backed by the Public Investment Fund . The partnership is designed to bolster the Kingdom's hospitality sector by integrating Adeera's hotel brands into Almosafer's expansive travel platforms, targeting both domestic and international travellers.
This collaboration aligns with Saudi Arabia's Vision 2030, aiming to diversify the economy and enhance the tourism industry. By leveraging Almosafer's digital reach and Adeera's commitment to authentic Saudi hospitality, the alliance seeks to offer seamless booking experiences and promote the Kingdom's cultural heritage to a global audience.
ADVERTISEMENT
Muzzammil Ahussain, CEO of Almosafer, emphasized the significance of the partnership, stating, 'Our expansive digital reach and integrated platforms make us the perfect partner to showcase PIF company Adeera's authentic Saudi hospitality brand and services to the world.' He highlighted the goal of connecting travellers to the unique culture and heritage of Saudi Arabia through this initiative.
Stefan Leser, CEO of Adeera, echoed this sentiment, noting, 'Saudi Arabia's unique hospitality culture is an essential part of its identity and integral to the Kingdom's ambitious tourism goals.' He expressed confidence that the partnership with Almosafer would further connect tourists to authentic Saudi hospitality that reflects the Kingdom's unique culture.
Adeera, established by the PIF, aims to develop and manage hotel brands that embody Saudi Arabia's rich hospitality traditions while adhering to global standards. The company focuses on creating homegrown hospitality brands and enhancing the capacity of the local sector through training and skills development programs in collaboration with international hospitality specialists.
Almosafer, a part of Seera Group, operates a comprehensive travel platform catering to various sectors, including consumer, corporate, and government travel. The company's portfolio includes services for leisure and religious travel, offering a range of travel solutions from flight bookings to hotel reservations and local activities.
The partnership between Almosafer and Adeera is expected to play a pivotal role in promoting Saudi Arabia as a premier travel destination. By integrating Adeera's hospitality offerings into Almosafer's platforms, the collaboration aims to provide travellers with access to top-tier Saudi Arabian hospitality experiences.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Post
9 minutes ago
- Arabian Post
Aramco's $5bn Bond Sale Highlights Investor Appetite Amid Market Volatility
Arabian Post Staff -Dubai Saudi Aramco has successfully raised $5 billion through a three-part dollar-denominated bond issuance, marking its return to the international debt market. The offering comprises five-year, ten-year, and thirty-year tranches, with the longest maturity attracting nearly half of the total proceeds. The 30-year tranche, amounting to approximately $2.5 billion, was priced at a spread of 185 basis points over U.S. Treasuries, reflecting strong investor demand despite prevailing market uncertainties. The five-year and ten-year tranches were priced at spreads of 80 and 130 basis points over Treasuries, respectively. These tighter spreads indicate robust confidence in Aramco's creditworthiness and the broader appeal of long-dated corporate debt. ADVERTISEMENT Aramco's bond sale comes amid a backdrop of heightened volatility in the U.S. Treasury market, with 30-year yields fluctuating due to concerns over fiscal policy and rising national debt. Despite these challenges, investors have shown a keen interest in long-term corporate bonds, as evidenced by similar issuances from Alphabet, Siemens, and Snam, which have also been well-received. The success of Aramco's bond offering underscores a broader trend where investors are seeking higher yields through long-duration corporate debt, even as government bond yields remain volatile. This shift is partly driven by the search for stable returns in a low-interest-rate environment and concerns over inflation and fiscal sustainability. Aramco's move aligns with its strategic objectives under Saudi Arabia's Vision 2030 plan, aiming to diversify the kingdom's economy beyond oil. The funds raised are expected to support Aramco's international expansion and investment in non-oil sectors, reinforcing its commitment to long-term growth and diversification. The bond issuance also reflects Aramco's proactive approach to capital management, leveraging favourable market conditions to secure funding at competitive rates. By tapping into the global debt market, Aramco demonstrates its financial resilience and adaptability in navigating complex economic landscapes.


Arabian Post
10 minutes ago
- Arabian Post
Saudi Push Reshapes OPEC+ Oil Production Strategy
Arabian Post Staff -Dubai Prince Abdulaziz bin Salman's tenure as Saudi Arabia's energy minister has marked a decisive shift in OPEC+ dynamics, culminating in a significant production decision that underscores Riyadh's growing influence within the cartel. The latest OPEC+ meeting saw Saudi Arabia successfully advocate for a third consecutive super-sized monthly output increase, a move that has reshaped the alliance's approach to oil supply management despite opposition from key players such as Russia. Since assuming office six years ago, Prince Abdulaziz has positioned Saudi Arabia as a firm leader within OPEC+, emphasising discipline and adherence to agreed production quotas. This approach contrasts with the historically more conciliatory stance the kingdom sometimes took within the cartel. The current strategy reflects a broader ambition to reclaim market share lost to non-compliant members and emerging producers outside the alliance's remit. ADVERTISEMENT The decision to boost output again—by approximately 500,000 barrels per day—signals a willingness to absorb short-term price volatility in favour of longer-term market dominance. Riyadh's strategy appears geared towards punishing those within OPEC+ who have routinely exceeded their quotas, thereby undermining the cartel's collective efforts to control supply and sustain prices. Saudi Arabia's emphasis on stringent compliance aims to reinforce OPEC+ cohesion, even at the risk of dampening crude prices temporarily. Russia's resistance to the output increase highlighted fissures within OPEC+ as Moscow has consistently advocated a more cautious production approach, citing concerns over oversupply and the fragility of global demand recovery. Russia's stance reflects a balancing act between maximising revenue and preserving the alliance's unity. However, Saudi Arabia's assertiveness in pushing the hike through demonstrates Riyadh's readiness to leverage its dominant production capacity and market position to set the cartel's agenda. Global oil markets responded to the output hike by seeing a downward adjustment in prices, reflecting the increased supply entering the market. This shift contrasts with the supply restraint policies of previous years, which had been instrumental in stabilising prices amid fluctuating demand and geopolitical uncertainty. Market analysts note that the Saudi-led increase could signal a new phase in OPEC+ policy, one in which Riyadh is prioritising market share recovery over price support. The broader context of this development involves multiple factors. The energy transition and climate policies worldwide have added pressure on oil producers, particularly those heavily reliant on hydrocarbons. Saudi Arabia's move suggests a pragmatic response to these challenges, aiming to maximise current revenues while investing in diversification strategies such as renewable energy and petrochemicals. The kingdom's position as the de facto swing producer within OPEC+ gives it substantial leverage. Saudi Arabia can modulate output to influence global prices, a power that has been increasingly evident under Prince Abdulaziz's stewardship. The kingdom's vast spare capacity and low production costs enable it to sustain output increases that smaller or higher-cost producers cannot match. ADVERTISEMENT The decision also reflects Saudi Arabia's geopolitical considerations. Energy policy remains a critical tool of regional influence and international diplomacy. By asserting control over OPEC+ production decisions, Riyadh reinforces its leadership role not only within the cartel but also in broader energy markets, which remain pivotal to global economic stability. The internal dynamics of OPEC+ have evolved since the alliance's formation in 2016. Initially established to coordinate between OPEC members and major non-OPEC producers like Russia, the group has faced ongoing challenges balancing competing national interests. Saudi Arabia's push for discipline and market share signals a new era where Riyadh asserts a more centralised command, even if that risks tensions with key allies. The output increase also responds to market signals, including stronger oil demand forecasts and inventory levels that have stabilised. By expanding supply, Saudi Arabia aims to pre-empt supply shortages that could push prices beyond levels palatable to consuming nations and industries. This approach seeks to sustain demand growth by ensuring adequate supply and avoiding disruptive price spikes. Critics argue that the output hike risks destabilising markets by flooding them with excess supply amid uncertainties in global economic growth, inflation, and energy transition timelines. They caution that prolonged lower prices could undermine investment in the oil sector, affecting long-term supply security. However, proponents view Saudi Arabia's move as a necessary recalibration to reinforce market order and assert control over a fragmented supply landscape. The ripple effects of the Saudi-led decision extend beyond OPEC+ members. Non-OPEC producers, including the United States shale industry, watch closely as changes in cartel policy impact global price signals and investment decisions. The output hike could influence the pace and scale of shale production, which remains a significant factor in global supply dynamics. As the alliance navigates these complexities, Saudi Arabia's approach under Prince Abdulaziz bin Salman sets a clear tone of leadership and strategic resolve. The kingdom's readiness to push through output increases despite opposition illustrates its confidence in wielding its production capacity as a geopolitical and economic tool. This assertive posture aligns with Saudi Arabia's broader economic vision, including the ambitious Vision 2030 plan to diversify its economy and reduce dependence on oil revenues. Managing oil production to balance market share and price stability forms a critical part of this strategy, enabling the kingdom to finance diversification projects and maintain fiscal stability.


Sharjah 24
12 hours ago
- Sharjah 24
Al Darei: UAE commends Saudi Hajj system for serving pilgrims
The meeting was also attended by His Excellency Ahmed Rashid Al-Neyadi, Director General of the Authority and Deputy Chairman of the Hajj Affairs Office, along with senior officials from both countries. Strengthening the strategic partnership Dr Al Darei expressed the UAE's appreciation for the strong collaboration with the Saudi Ministry of Hajj and Umrah. He lauded Saudi Arabia's ongoing efforts to monitor and serve pilgrims, noting that the Kingdom's continual infrastructure expansion, integration of advanced technologies, and personnel training have significantly contributed to a seamless and spiritually fulfilling pilgrimage experience. A shared vision for Hajj services The two sides explored opportunities to further enhance coordination in providing exceptional Hajj services. Discussions included improving logistical, healthcare, and awareness services in alignment with the UAE's strategy of offering smart, sustainable solutions for pilgrims. Dr Al Darei also presented the UAE Hajj Affairs Office's latest initiatives, such as new digital registration platforms, underscoring the nation's commitment to pilgrim wellbeing and satisfaction. Reinforcing fraternal relations The meeting underscored the deep-rooted fraternal ties between the UAE and Saudi Arabia, highlighting their shared dedication to collaboration in ensuring safe, dignified, and spiritually enriching experiences for all pilgrims.