Travel management company American Express Global Business Travel (GBT) has signed a deal with Kanoo Travel, which is a travel management network in the Middle East.
It has been reported that GBT will acquire a controlling 65 per cent stake in Kanoo Travel through a joint venture with parent company YBA Kanoo Group and will operate business travel services from offices in Dubai.
“Kanoo Travel has been a trusted, long-term partner for GBT in the region for many years and is known and respected by many of our clients,” said Elyes Mrad, American Express Global Business Travel’s International Managing Director. “The creation of the joint venture will enhance how we service those clients and their travellers by combining Kanoo’s region-specific expertise with the backing of GBT’s global scale and technology.”
Nabeel K Kanoo, President of Kanoo Travel, also commented on the venture: “GBT’s global clients, many of whom we already service, stand to benefit from a more consistent global offering because of this joint venture. Our own clients in the Middle East will profit in the long term from having access to GBT’s total travel and expense ecosystem, proprietary technology and global reach. Our people are also excited by the possibilities that come with being part of the world’s most recognisable business travel brand.”