The Tourism Development Fund and IMPACT46 have jointly invested in Al Matar Group for Travel and Tourism, aiming to enhance Saudi Arabia's tourism industry through digital innovation and expanded services.
Target Information
The Al Matar Group for Travel and Tourism, founded in 2019, is a prominent player in the travel and tourism sector in Saudi Arabia. Specializing in providing technical travel solutions for both individuals and businesses, the company boasts an extensive range of offerings, including hotels, furnished apartments, and global flight options. Its successful Almatar App has recently been recognized by the billionaire companies program, marking a significant milestone as the company prepares for international expansion.
Industry Overview in Saudi Arabia
Saudi Arabia's tourism industry is on a transformative path, underpinned by the government's Vision 2030 initiative, which aims to diversify the economy beyond oil dependency and promote tourism as a major sector. This blueprint outlines ambitious goals for economic growth and seeks to enhance the country's global tourism appeal through increased investment and infrastructure development.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
The Kingdom has been actively working to boost its tourism sector by attracting both domestic and international tourists. Recent efforts include the introduction of various entertainment options, cultural festiv
Similar Deals
The Indian Hotels Company Limited (IHCL) → Umm Al Qura Development and Construction Company
2018
Daimler Truck AG and Toyota Motor Corporation → Mitsubishi Fuso and Hino Motors
2025
Tourism Development Fund
invested in
Al Matar Group for Travel and Tourism
in
in a Joint Venture deal