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Wego and Moroccan National Tourist Office Forge Strategic Alliance, Unveiled at the Arabian Travel Market (ATM)
DUBAI, UAE, May 7, 2024 /PRNewswire/ — Wego, the largest online travel marketplace in the Middle East and North Africa (MENA) region, proudly presents a significant partnership forged with the Moroccan National Tourist Office officially revealed at Arabian Travel Market (ATM) in Dubai.
The alliance between Wego and the Moroccan National Tourist Office stands as a pivotal initiative to spotlight Morocco’s captivating allure as a premier travel destination, both regionally and globally. As the Arabian Travel Market serves as a cornerstone event for the travel industry, fostering collaboration and innovation, this partnership underscores the significance of ATM in catalyzing strategic alliances that drive tourism growth and promote cross-cultural exchange.
Wego and the Moroccan National Tourist Office are committed to leveraging their collective expertise and resources to showcase Morocco’s rich cultural heritage, breathtaking landscapes, and diverse tourism offerings to travelers worldwide. Through targeted marketing campaigns, curated content, and promotional initiatives, the partnership aims to captivate the imagination of travelers and inspire them to embark on unforgettable journeys to Morocco.
“At Wego, we recognize the importance of strategic partnerships in promoting tourism growth and showcasing the beauty of destinations such as Morocco,” said Mamoun Hmedan, Chief Business Officer of Wego. “Our collaboration with the Moroccan National Tourist Office underscores our shared commitment to driving tourism growth and creating memorable travel experiences for visitors. Together, we will harness the power of the Arabian Travel Market to amplify Morocco’s appeal and inspire travelers to explore the wonders of this enchanting destination.”
The partnership between Wego and the Moroccan National Tourist Office symbolizes a union of vision and purpose, with the common goal of elevating Morocco’s profile as a leading travel destination on the global stage. As both entities harness their respective strengths and capabilities, they stand poised to shape the future of travel and tourism, fostering mutual prosperity and enriching cultural exchanges.
About Wego
Wego provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.
Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.
Wego was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/ewtp-arabia-capitals-technology-fund-i-recognized-as-top-performing-vc-fund-in-the-preqin-league-tables-302149554.html
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