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Saudi Travel Tycoon Becomes Billionaire With Pilgrimage Packages

Mohammed Al Madani, chancellor at Saudi Arabia’s ministry of foreign affairs, is a frequent flier, logging at least 10 international trips a year on diplomatic missions to London, Lisbon, Manila and elsewhere. Before packing his bags, he usually checks in with the Al Tayyar travel agency in Riyadh.

Al Madani is one of 3 million Saudi and non-Saudi government workers and their families who move in and out of the country every year, according to the Saudi Central Department of Statistics & Information. Publicly traded Al Tayyar Travel Group Holding Co. has captured almost half of the domestic market for the VIP travelers, and is Saudi Arabia’s largest air travel business.