Signs MoU with Abdulmohsen Bin Abdulaziz Al Jabr Trading Company
Dan Company, a wholly owned subsidiary of the Public Investment Fund (PIF) specializing in agritourism, ecotourism, and adventure tourism, recently announced the signing of a Memorandum of Understanding (MOU) covering several potential areas of cooperation, including management and operation of lodges and farm stays with Abdulmohsen Bin Abdulaziz AlJabr Trading Company.
The signing took place during Dan Company’s participation in the second edition of the PIF Private Sector Forum, held at the King Abdulaziz International Conference Centre in Riyadh, attended by 6,000 private sector participants, 15 government entities, 83 PIF companies, and over 20 ministers and excellencies, there were 69 MoU signings and 24 workshops.
Established in 2022, Dan company will have a rich mix of assets and experiences that includes luxury resorts, lodges, and farm stays, structuring its business to cater to the different tastes and requirements of all visitors and includes both daytime hospitality experiences and overnight stays.
Management partner
The MoU, the first that Dan Company has signed with a management partner, will cover several areas of cooperation, including the management and operation of farm stays and lodges.
“Dan aims to involve local communities in providing experiences that allow visitors to fully interact in harmony with distinctive Saudi regional culture and traditions, including arts, crafts, local cuisines, and culture,” remarked Abdulrahman Abaalkhail, CEO, Dan Company.
“Our partnership with Dan Company will ensure we can deliver this to the highest possible standard, contributing to the advancement of the Kingdom’s tourism goals,” commented Mishari AlJabr, Managing Director, Abdulmohsen Bin Abdulaziz AlJabr Tourism Company.
