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Wednesday, March 22, 2023

Saudi Arabia announces the establishment of "Riyadh Airlines" The new national air carrier

His Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, Chairman of the Board of Directors of the Public Investment Fund, announced the establishment of the Public Investment Fund for a company "Riyadh Airlines"the new national air carrier, to contribute to the development of the air transport sector, and work to raise the competitiveness of national companies in accordance with the goals of Saudi Vision 2030. And the Saudi Press Agency / SPA / stated that the company is expected to contribute "Riyadh Airlines" In the Kingdom’s non-oil GDP growth of up to 75 billion riyals and the creation of more than 200 thousand direct and indirect job opportunities. The new company, which is based in the capital, Riyadh, as a main center for managing its operations and a starting point for its flights, seeks to own a fleet of advanced aircraft, through which it aims to implement the best international safety and sustainability practices approved in the field of aviation, in addition to providing the latest digital technologies for leadership in this field. Inc. aims "Riyadh Airlines" To launch flights to more than 100 destinations around the world by the year 2030, and the launch of the company will contribute to providing more opportunities for tourists and visitors from all over the world to access the tourist and natural sites in the Kingdom, to form a new era in the field of travel and aviation, by increasing air transport options simultaneously With the increase in the number of travelers to and from the Kingdom, and the increase in the capacity of transport, freight and strategic logistics services, which contributes to attracting international passenger traffic and linking the various continents of the world. It is a company "Riyadh Airlines" King Salman International Airport is among the latest investments of the Public Investment Fund in the aviation sector, aimed at raising the financial sustainability of the aviation sector system, and enhancing its global competitiveness in order to achieve the goals of Saudi Vision 2030.

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Arab Desk
Arab Desk
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