萝莉视频

Saudi aviation sector soaring after record growth, major expansions

Saudi aviation sector soaring after record growth, major expansions
Riyadh Air is set to commence operations in 2025. Shutterstock
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Updated 03 January 2025

Saudi aviation sector soaring after record growth, major expansions

Saudi aviation sector soaring after record growth, major expansions

JEDDAH: 萝莉视频鈥檚 aviation sector reached new heights over the past 12 months, marked by a surge in passenger numbers, a fleet expansion with new jet acquisitions, and strategic global partnerships.

These advancements are part of a broader vision to establish the Kingdom as a global aviation hub and a top-tier destination for travelers worldwide.

萝莉视频 is investing billions of dollars as part of its Vision 2030 plan to diversify its economy away from fossil fuels, boosting its private sector, and enhancing connectivity, as well as solidifying its role in the global aviation industry.

As part of this plan, aviation goals for the Kingdom include delivering seamless experiences to 330 million passengers across over 250 destinations, and the transportation of 4.5 million tons of air cargo by 2030.

鈥淭his transformative strategy offers lucrative opportunities for the private sector to contribute to the realization of the country鈥檚 ambitions,鈥 said President of the General Authority of Civil Aviation Abdulaziz bin Abdullah Al-Duailej.

He added that among these opportunities are the privatization potential of 27 airports, which are currently in preparation for transfer to private ownership.

鈥淢oreover, numerous aircraft requests and destination openings have been approved, providing further avenues for private sector involvement in the sector鈥檚 growth and development.鈥 Al-Duailej added.

Passenger numbers and air freight volume surges

Between January and September, 萝莉视频鈥檚 aviation sector achieved record growth, with passenger numbers reaching 94 million, accounting for a 15 percent increase.

The number of聽flights also saw a 10 percent rise compared to 2023, while air freight volumes approached 1 million tonnes, reflecting a 52 percent increase.

These achievements were announced at GACA鈥檚 14th Steering Committee Meeting for activating the National Strategy for the Aviation Sector, held in October in Dammam.

GACA President Abdulaziz bin Al-Duailej highlighted the expansion of air connectivity during this period, with flights departing to over 150 destinations weekly.

Saudi business aviation soars with Vision 2030 growth

萝莉视频鈥檚 business aviation sector is booming, driven by the Kingdom鈥檚 expanding economy, major government infrastructure investments, and a rising influx of high-net-worth individuals.

Valued at $1.2 billion in 2023, the sector is expected to grow at a compound annual rate of 8.88 percent from 2025 to 2029.

The growth was highlighted in the GACA鈥檚 roadmap, unveiled at Riyadh鈥檚 Future Aviation Forum in May.

Global firms tapped for King Salman Airport expansion




An image of how聽King Salman International Airport will look after it has been developed. File

In 2024, global firms such as Foster & Partners, Jacobs Engineering, Mace, and Nera were selected for the next phase of King Salman International Airport鈥檚 development in Riyadh.

Led by the King Salman International Airport Development Co., a subsidiary of the Kingdom鈥檚 Public Investment Fund, the collaborations will support the airport鈥檚 expansion, positioning it as a key hub for tourism and transportation.

Riyadh Air expands fleet, partnerships ahead of 2025 launch

In October, Riyadh Air signed an agreement to purchase 60 Airbus A321neo single-aisle aircraft as it plans to commence its operations in 2025.聽

The deal was signed at the 8th Future Investment Initiative in Riyadh.

In the same month the company said that it had plans to order wide-body aircraft capable of seating more than 300 passengers in 2025.

In August, the new airline announced it had secured a multi-year agreement to become the official airline partner of Concacaf, the FIFA Confederation for North, Central America, and the Caribbean.

The deal aims to enhance the airline鈥檚 presence in global sports and support Concacaf鈥檚 national and club competitions across the Americas.聽

In June, Riyadh Air signed agreements with Singapore Airlines and Air China, to establish strategic partnerships and expand its global network.

The agreements focus on interline connectivity, codeshare, frequent flyer programs, cargo services, customer experience, and digital innovation.

The company partnered with China Eastern Airlines to enhance connectivity and digital transformation and with Delta Air Lines to expand North American routes.

In April, the carrier announced a partnership with Artefact to build a data analytics platform and develop AI solutions, enabling hyper-personalization, improved guest experiences, and optimized operations.聽

The collaboration aims to revolutionize Saudi aviation through advanced artificial intelligence applications.

鈥淭hrough AI integration, we aim to redefine travel standards, offering personalized, seamless digital-first experience to our guests ahead of our maiden flight in 2025,鈥 Abe Dev, the airline鈥檚 vice president of digital and innovation said.

In May, the airline said it had plans to bolster its aircraft lineup through additional orders, as it requires 鈥渁 very large fleet鈥 to establish itself alongside regional giants, according to its CEO Tony Douglas.

This move comes as the Kingdom鈥檚 second flag carrier ordered 39 Boeing 787-9 jets in 2023, with options for 33 more. 鈥淲e鈥檙e going to make a number of additional orders,鈥 Douglas said.

The airline鈥檚 initial destinations will include major cities in Europe, the US East Coast, and Canada, with the inaugural flight scheduled to depart by June 2025.

Saudia boosts aviation with key partnerships, fleet growth




The signing ceremony was attended by French President Emmanuel Macron, 萝莉视频n Airlines Corp. Chairman Saleh Al-Jasser, Saudia Group Director Gen. Ibrahim Al-Omar, and several other dignitaries and ministers. SPA

In December, Saudia entered a strategic partnership with Air France-KLM to expand and localize its maintenance, repair, and overhaul capabilities. This collaboration aims to enhance the Kingdom鈥檚 aviation infrastructure and contribute to its economic growth.

In July, the Saudia Group and German aerospace company Lilium NV, developer of fully electric vertical takeoff and landing aircraft, entered into an agreement to purchase 50 confirmed Lilium Jets, with an option for an additional 50 aircraft. The deal will make the Saudi carrier the first airline in the region to invest in sustainable air mobility.

In May, Saudia and Riyadh Air signed an agreement during the Future Aviation Forum to collaborate on training aviation professionals.

During the same event, Saudia Group announced a $19 billion order for 105 A320neo family aircraft, the largest Airbus deal in Saudi history. The planes, including A320neo and A321neo models, will be split between Saudia and its low-cost carrier flyadeal, with deliveries starting in early 2026.

Flyadeal receives first owned plane, aims for 100 by 2030

In 2024, Saudia鈥檚 low-cost airline flyadeal took delivery of its first wholly-owned aircraft, an Airbus A320neo.

Announcing the milestone in June, the airline revealed plans to expand its fleet to around 50 aircraft by the end of 2025, doubling to 100 by 2030. As part of its growth strategy, flyadeal also launched seven weekly flights between Riyadh and Sarajevo, utilizing an Airbus A320.

Looking ahead, the airline announced the addition of three new domestic routes starting January. Services from Dammam to Najran and four weekly flights to Tabuk commenced on Jan. 1, followed by three weekly flights to Yanbu starting from Jan. 2.

Flynas secures 280-aircraft deal amid record growth

Flynas, named the Best Low-Cost Airline in the Middle East for the seventh consecutive year, reported a 47 percent rise in passenger numbers, exceeding 7 million in the first half of 2024.

In November, the airline announced new African routes, with flights from Riyadh to Entebbe, Uganda, and Jeddah to Djibouti starting Jan. 8, 2025, under its 鈥淲e Connect the World to the Kingdom鈥 initiative.

In July, Flynas signed a deal at the Farnborough Airshow to purchase 160 Airbus aircraft, doubling its orders to 280 planes, including 30 wide-body A330neo and 130 narrow-body A320 models. The carrier also celebrated receiving its 53rd A320neo as part of a SR32 billion ($8.5 billion) order for 120 planes.


萝莉视频, Kuwait sign MoU to boost anti-money laundering efforts

萝莉视频, Kuwait sign MoU to boost anti-money laundering efforts
Updated 22 June 2025

萝莉视频, Kuwait sign MoU to boost anti-money laundering efforts

萝莉视频, Kuwait sign MoU to boost anti-money laundering efforts

RIYADH: 萝莉视频 and Kuwait have signed a memorandum of understanding to bolster cooperation in the fight against money laundering and the financing of terrorism, reinforcing regional efforts to strengthen financial security.

The agreement, inked between 萝莉视频鈥檚 General Department of Financial Investigations and Kuwait鈥檚 Financial Intelligence Unit, was finalized on the sidelines of the second meeting of the Gulf Cooperation Council Committee of Financial Intelligence Units, held in Kuwait, the Kuwait News Agency reported.

The MoU aims to enhance intelligence sharing and operational coordination between the two nations. It is expected to significantly improve the effectiveness of the region鈥檚 financial crime prevention frameworks, aligning with international standards and bolstering joint mechanisms among GCC financial intelligence units.

The signing follows a virtual workshop hosted in March by the National Center for Non-Profit Sector Development, which focused on preventing money laundering and terrorist financing within non-profit organizations, including charitable groups and foundations.

The agreement also reflects broader economic ties between the two Gulf neighbors. In February, Kuwait鈥檚 exports to 萝莉视频 reached SR137 million ($36.5 million), up 19.6 percent from the previous year, according to data from the Observatory of Economic Complexity.

Officials from both countries highlighted the MoU鈥檚 role in advancing national capabilities, fostering regional integration, and aligning with best practices in financial intelligence and compliance.

The renewed cooperation comes as 萝莉视频 continues to encourage Kuwaiti investment in its mining and industrial sectors.

In April, Minister of Industry and Mineral Resources Bandar Alkhorayef met with a delegation of Kuwaiti businessmen during an official visit to Kuwait, emphasizing untapped opportunities in the Kingdom鈥檚 mining industry.

Alkhorayef underscored the sector鈥檚 importance to Saudi Vision 2030, which aims to position the Kingdom as a global industrial and mining hub. He cited estimates valuing Saudi mineral resources at over SR9.3 trillion.

Combatting money laundering remains a national priority for 萝莉视频, which has implemented a comprehensive legal and regulatory framework to protect the integrity of its financial system and prevent illicit funding activities, including terrorism financing.


Closing Bell: Saudi main index edges down 0.34% to close at 10,574

Closing Bell: Saudi main index edges down 0.34% to close at 10,574
Updated 23 June 2025

Closing Bell: Saudi main index edges down 0.34% to close at 10,574

Closing Bell: Saudi main index edges down 0.34% to close at 10,574

RIYADH: 萝莉视频鈥檚 Tadawul All Share Index edged lower on Sunday, falling 36.44 points, or 0.34 percent, to close at 10,574.27.

Total trading turnover reached SR3.72 billion ($991 million), with 134 stocks posting gains and 102 declining.

The Kingdom鈥檚 parallel market, Nomu, also recorded a slight dip, losing 27.14 points, or 0.10 percent, to settle at 26,148.69, as 34 stocks advanced and 39 retreated. Meanwhile, the MSCI Tadawul 30 Index dropped 5.34 points, or 0.39 percent, to finish at 1,361.80.

Alistithmar AREIC Diversified REIT Fund was the best-performing stock of the session, with its share price rising 10 percent to SR8.25. Al Sagr Cooperative Insurance Co. followed with a 9.96 percent increase to SR12.36, while Knowledge Economic City climbed 5.36 percent to close at SR12.98.

On the losing side, Retal Urban Development Co. saw the steepest decline, falling 5.10 percent to SR13.02. Flynas Co. dropped 4.13 percent to SR74.20, and Saudi Chemical Co. declined 3.85 percent to SR6.24.

Shares of Hawiya Identity Auctions began trading on Nomu at SR13 per share. According to a Tadawul statement, the offering comprised 2.4 million shares, with Derayah Financial Co. acting as lead manager.

Gas Arabian Services Co. announced the signing of a joint venture agreement with Italy鈥檚 BONOMI Co. to establish a valve manufacturing company in the Kingdom.

The new company will have a capital of SR5 million, with BONOMI holding a 60 percent stake and Gas Arabian Services owning 40 percent.

The Saudi firm will fund its SR2 million share from internal resources. The deal is expected to have a long-term positive financial impact, though it remains subject to regulatory approvals and the fulfillment of conditions outlined in the agreement. Gas Arabian Services shares closed at SR15, up 0.40 percent.

The price range for the offering of the Sports Clubs Co. ranged between SR7 and SR7.5 per share, according to a statement by Saudi Fransi Capital, the financial advisor and bookrunner for the institutional subscription.

The offering includes 34.32 million ordinary shares, representing 30 percent of the company鈥檚 capital.


Saudi culture sector to triple GDP share to $48bn by 2030, says minister

Saudi culture sector to triple GDP share to $48bn by 2030, says minister
Updated 22 June 2025

Saudi culture sector to triple GDP share to $48bn by 2030, says minister

Saudi culture sector to triple GDP share to $48bn by 2030, says minister

JEDDAH: 萝莉视频 plans to raise the cultural sector鈥檚 contribution to gross domestic product to 3 percent 鈥 or SR180 billion ($48 billion) 鈥 by 2030, up from under 1 percent, according to Minister of Culture Prince Badr bin Abdullah bin Farhan.

In an interview with Al-Eqtisadiah, the minister said the sector has already surpassed its previous 0.91 percent GDP share, with Vision 2030 targets being met ahead of schedule.

鈥淰ision 2030 forms the foundation of the Ministry of Culture鈥檚 strategy and direction,鈥 he said. 

鈥淏y 2030, we envision a cultural environment that nurtures talent, encourages innovation both locally and internationally, and supports the flourishing of creative and cultural enterprises.鈥 Prince Badr said in the interview. 

鈥淯ltimately, our goal is to increase the sector鈥檚 contribution to GDP to 3 percent, equivalent to SR180 billion,鈥 he said. 鈥淭his represents the core mission of the Ministry of Culture and its affiliated bodies in driving an ambitious cultural transformation.鈥

Since the ministry鈥檚 founding in 2018, employment in the sector has jumped 318 percent, while the number of cultural graduates reached 28,800 in 2024, up 79 percent from 2018. The ministry has also issued over 9,000 licenses, while cultural associations and amateur clubs surged from 28 to 993.

鈥淥ne notable outcome is the increase in the percentage of citizens who believe culture is important鈥攆rom under 70 percent to 92 percent,鈥 Prince Badr said. The ministry also oversees national celebrations such as Founding Day and Flag Day and has documented 9,317 antiquities sites and 25,000 urban heritage locations.

萝莉视频 has now met its Vision 2030 target of having eight UNESCO World Heritage sites, with Al-Faw joining the list in 2024. Cultural event attendance exceeded 23.5 million between 2021 and 2024, and major festivals such as the Red Sea Film Festival and Islamic Arts Biennale have become global draws.

The Cultural Scholarship Program has awarded scholarships to 1,222 students studying at over 120 institutions across countries, including the US, the UK, and France. The program鈥檚 flexible design 鈥 no age limit or required academic background 鈥 has broadened participation. 鈥淭oday, scholarship recipients are pursuing degrees in fields such as music, theater, and visual arts,鈥 the minister said.

Through the Cultural Development Fund, the ministry has disbursed SR377 million to more than 120 projects. 鈥淜ey areas of growth include heritage, music, and fashion. More than 1,200 creatives and entrepreneurs have benefited from its development services,鈥 he added.

鈥淕lobally, there is increasing recognition of culture鈥檚 role in sustainable economic value creation,鈥 the minister said. 鈥淥ur role is to preserve and promote cultural identity while making it accessible and economically valuable.鈥


萝莉视频 surpasses 116m tourists in 2024, exceeds goal for 2nd year聽

 萝莉视频 surpasses 116m tourists in 2024, exceeds goal for 2nd year聽
Updated 22 June 2025

萝莉视频 surpasses 116m tourists in 2024, exceeds goal for 2nd year聽

 萝莉视频 surpasses 116m tourists in 2024, exceeds goal for 2nd year聽

RIYADH: 萝莉视频 welcomed 116 million tourists in 2024, exceeding its annual visitor target for the second year in a row, the official data showed. 

According to the Ministry of Tourism鈥檚 latest annual statistical report, the figure includes 29.7 million inbound tourists, an 8 percent increase year on year, and 86.2 million domestic trips, up 5 percent from 2023. 

The milestone reflects the continued acceleration of the Kingdom鈥檚 Vision 2030 strategy, which positions tourism as a central driver of economic diversification.  

After surpassing its original 100 million visitor goal six years ahead of schedule in 2023, 萝莉视频 has revised its ambitions upward, now aiming to attract 150 million tourists annually by 2030. This figure is split between 70 million international and 80 million domestic visitors. 

In a post on X, Minister of Tourism Ahmed Al-Khateeb said: 鈥淭he 2024 Annual Statistical Report showcases the sector鈥檚 remarkable growth and its role in enabling Saudi Vision2030, a record performance achieved with the support and guidance of the Kingdom鈥檚 visionary leadership.鈥

Total tourism spending in 2024 hit SR283.8 billion ($75.6 billion), with inbound tourists contributing SR168.5 billion, up 19 percent from 2023, while domestic tourist expenditure reached SR115.3 billion, a 1 percent rise.  

鈥淭he tourism sector continued to achieve record growth, reaffirming its transformation into a key driver of economic development and a fundamental pillar in advancing and diversifying the national economy,鈥 the minister said.   

Inbound tourism also reached a record monthly peak in March with 3.2 million visitors. The average international tourist stayed 19 nights and spent SR5,669 per trip.  

A standout development in 2024 was the continued rise in non-religious tourism, now representing 59 percent of inbound visits compared to 44 percent in 2019.  

Leisure and holiday travel topped this category, with related spending reaching SR36.4 billion.   

Makkah remained the top destination, drawing 17.4 million overnight visitors, and Egypt was the leading source market with 3.2 million arrivals.   

Regional analysis revealed that Asia and the Pacific accounted for the largest share of inbound tourists, at 33 percent, followed by the Middle East and North Africa at 28 percent, and the Gulf Cooperation Council at 27 percent.  

Europe contributed 8 percent, while both the Americas and Africa each made up 2 percent of total visitors.  

The sustained growth reflects the Kingdom鈥檚 continued focus on developing its tourism infrastructure and global outreach.   

The ministry noted that this report highlights the exceptional and accelerated growth achieved by the sector through targeted marketing campaigns and support programs, contributing to the sector鈥檚 record-breaking performance.  
 


Air France eyes daily Paris-Riyadh flights amid soaring demand

Air France eyes daily Paris-Riyadh flights amid soaring demand
Updated 22 June 2025

Air France eyes daily Paris-Riyadh flights amid soaring demand

Air France eyes daily Paris-Riyadh flights amid soaring demand
  • New route reflects airline鈥檚 ambition to reestablish presence in Saudi market
  • It comes in response to growing demand to access Kingdom鈥檚 expanding economic opportunities

RIYADH: Air France is planning to operate daily flights between Paris and Riyadh, a senior airline official told Arab News in an exclusive interview.

The announcement follows the launch of the carrier鈥檚 first direct route between Paris-Charles de Gaulle and King Khalid International Airport.

Stefan Gumuseli, the airline鈥檚 general manager for India and the Middle East, outlined the importance of the new route for the Air France-KLM Group and said it reflects the airline鈥檚 ambition to reestablish its presence in the Saudi market.

The decision comes in response to growing demand from travelers and investors eager to access the Kingdom鈥檚 expanding economic opportunities.

The new route marks a strategic step for Air France as it expands operations in the region and aligns with the growing connectivity between Europe and 萝莉视频.

As part of its sustainability strategy, Air France is adopting a comprehensive approach across its operations. Supplied

Talking to Arab News, Gumuseli said: 鈥淲e鈥檙e starting with three weekly flights in mid-June, then gradually increasing to five. Our first major goal is to move to a daily service.鈥

He added that the market is not only outward-looking; the airline is also responding to rising inbound demand for 萝莉视频, noting that it is experiencing almost exponential year-on-year growth.

Gumuseli also pointed to the Kingdom鈥檚 Vision 2030, which reflects a strong commitment to developing tourism, hospitality, and culture, supported by substantial ongoing investments. He said: 鈥淎ll these megaprojects are a clear sign that tourism is booming. We have a strong relationship with 萝莉视频 and are expanding our cooperation.鈥

His comments were echoed by Air France鈥檚 Senior Vice President for Benelux, Asia, India, the Middle East, and East Africa Bas Gerressen, who told Arab News: 鈥淭ourism is a very important factor, but we also need traffic, which has grown significantly over the past two years.

鈥淭he more connectivity there is between the two countries, the more economic exchange will flourish in both directions,鈥 Gerressen added. 

Air France-KLM has entered into codeshare agreements to strengthen its network connectivity.

鈥淲e also place our code on these flights. So, when you consider all that connectivity from both sides, demand can only grow,鈥 Gerressen said.

He added: 鈥淚 believe 萝莉视频 has many premium travelers, and we need to reach them in specific markets. We already have strong demand across our business, premium and economy classes.鈥

At the same time, the airline is leveraging its distinctive French identity.

The new route marks a strategic step for Air France as it expands operations in the region. Supplied

鈥榃e position ourselves as a truly French brand 鈥 luxury, elegance, sophistication ... The French Touch. You can feel it the moment you board,鈥 said Gerressen.

High-end products, gourmet in-flight dining, La Premiere lounges, and exclusive cabin experiences all reinforce this premium positioning. 鈥淲e offer one of the best cabins in the region with our new first class, featuring a seat with five windows and just four seats in the entire cabin. It鈥檚 a revolution in the industry,鈥 Gerressen added.

He emphasized the cabin crew鈥檚 vital role in shaping the passenger experience, highlighting their attentiveness and approachable demeanor.

As part of its sustainability strategy, Air France is adopting a comprehensive approach across its operations.

鈥淓ach new generation of aircraft reduces CO鈧 emissions by up to 25 percent. Today, 28 percent of our fleet consists of these new aircraft, and our goal is to increase this figure to 80 percent by 2030,鈥 Gerressen said. 

The airline is also the world鈥檚 leading buyer of sustainable aviation fuel. 

Gumuseli said: 鈥淲e account for nearly 16 percent of global SAF usage, despite representing only 3 percent of total global kerosene consumption.鈥

Air France is investing in technology to enhance the passenger experience.

鈥淲e鈥檝e decided to install high-speed Wi-Fi on board. In the event of a delay, passengers will receive updates about their connecting flights directly on their screens. With data and technology, we can truly personalize the service,鈥 Gumuseli said.

鈥淥ur target customers include expatriates living in 萝莉视频 and tourists wishing to travel to Europe, North America, South America or Africa. Businesses are also a key audience, given the strong commercial ties between France and 萝莉视频. We aim to serve all these segments,鈥 said Gumuseli.

鈥淩eligious tourism should not be overlooked. Pilgrims can now combine Umrah with a more tourist-oriented experience,鈥 he added.

Gerressen stressed the importance of the eVisa: 鈥淚t is crucial. Simplifying the visa process will be essential in convincing more people to visit 萝莉视频.鈥