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BCD Travel increases ownership stake in its Dubai partner

March 14, 2014 Corporate No Comments Email Email

BCD Travel has increased its ownership stake in its long-time partner inDubai, the company announced today.

Founded in 1957, Al Rostamani is one of the United Arab Emirates’ largest and oldest family business conglomerates. The company operates as BCD Travel LLC for its business travel. First partnering with BCD Travel in 2006, the Dubai travel agency maintains three offices in Dubai and one in Abu Dhabi. In addition, the agency maintains onsite teams of travel consultants at multiple corporate offices.

“Our increased investment in BCD Travel LLC signals a long-term commitment to one another by both our companies,” saidStephan Baars, BCD Travel global chief financial officer. “In addition to boosting our influence over how to grow this key market, greater ownership in BCD Travel LLC also promises a healthy return that we can invest where needed. That will help us respond to national, multinational and global client needs —and to invest in innovation.”

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