In the Middle East and Africa tourism & leisure industry, there were 6 M&A deals announced in Q2 2023, worth a total value of $612.7m, according to GlobalData’s Deals Database. The $400m majority acquisition of Careem Networks FZ by Emirates Telecommunications Group Co was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

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In value terms, M&A activity in Middle East and Africa increased by 1942% in Q2 2023 compared with the previous quarter’s total of $30m and rose by 1264% as compared to Q2 2022. Related deal volume increased by 200% in Q2 2023 versus the previous quarter and was 100% higher than in Q2 2022.

For further understanding of GlobalData's Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

This content was updated on 18 July 2023

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