Middle East an important market for Cleartrip's expansion

2019-01-28 19:21:58

India-based Cleartrip is reportedly looking at expanding its Middle East operations through acquisitions and organic growth. Arabian Business is reporting that GCC markets including Bahrain, Oman and Kuwait are on the agenda. Cleartrip head of corporate strategy and M&A Aditya Agarwal told Arabian Business that the company is in talks for potential acquisitions; the firm has previously acquired Saudi Arabia's Flyin in 2018. Other ways to expand its market share will include providing online visa services in more countries. In the Middle East, UAE and Saudi Arabia currently accounts for about 90% of the company's revenue, while the entire Middle East accounts for 45% of its total turnover. As far back as 2011, Cleartrip was interested in investing in the Middle East to ramp up market share. AFP.