Clarification- Travelport Global will increase its capital investments by USD 20 mn in “strategic expenditure” in 2017, Egypt Country Manager Mervat Alfy said. Travelport says it “is connected with many travel industry players in Egypt and with a large portion of Egypt’s travel agent community on the Travel Commerce Platform” and “aims to enter into contracts with the major companies in Egypt,” Alfy says. The company began focusing on Egypt in 2015, Alfy says, and Travelport “is looking forward to partner with companies and industry players that operate in the travel and tourism sector in Egypt, so that these companies can connect to Travelport’s Travel commerce platform, which provides distribution, technology, payment, mobile and other solutions for the global travel and tourism industry.” Alfy added that Travelport intends to launch an exhibition on the progress of technology in the travel and tourism sector, during the coming month of May. Local press outlets earlier this week misreported the news regarding the planned investment and the company’s financial performance. H/t Siobhan M.

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