Integrated travel services provider, Holidayme.com, is consolidating its presence in Saudi Arabia as its next growth market following the Arab nation’s rapidly growing tourism sector.
Holidayme, which began its operation in the Middle East in 2014, plans to shore up its popularity and product offering uptake in the Kingdom in a bid to cater to the growing need of the market by offering a comprehensive travel booking solution. The Saudi office is headed by Mansour bin Madi, CEO, Holidayme KSA, who will be overlooking operations for the Saudi region.
Now only present in the UAE and Saudi Arabia, the multi-lingual travel portal is working toward aligning its Saudi operations with the government-led tourism investments and initiatives, which are part of the country’s Vision 2030 — a framework outlining the Kingdom’s long-term economic and social goals.
Saudi Arabia, which has recently experienced a surge in domestic vacations, is expected to grow its domestic tourism by a record 40 percent by 2020, according to a Euromonitor International Tourism Forecast report. Currently valued at $21 billion, the Saudi tourism industry is one of the fastest growing sectors in the region.
Holidayme Founder and Chief Executive Officer Geet Bhalla said the travel portal plans to tap into the Kingdom’s record levels of domestic travel as its key growth driver for the region.
“As Saudi continues to invest generously in its local and international tourism, Holidayme.com is also positioning itself strategically to support the various initiatives initiated by the country through the provision of reliable and convenient travel products and services for the growing tourism numbers,” said Bhalla.
CEO Mansour said: “As we seek to strengthen our operations in Saudi, Holidayme.com will continue playing its role in ensuring that the KSA tourism sector continues to thrive by providing both local and international tourists with an opportunity to discover iconic travel destinations through uniquely curated holiday packages.”
The Kingdom’s religious tourism, which is valued at over $5 billion with 19 million pilgrims having visited Makkah and Madinah in 2015 and further expected to reach 30 million by 2025, is one area that has been instrumental in boosting its overall tourism sector.
Holidayme eyes Saudi tourism sector as its key growth market
Holidayme eyes Saudi tourism sector as its key growth market
STC Bank launches business portal for businesses, entrepreneurs and freelancers
STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.
The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.
The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.
The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.
STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.
The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.
