Saudia, the national airline of Saudi Arabia, announced a landmark agreement with Airbus, placing a firm order for 105 aircraft.
The order includes a diverse range of Airbus models © Mena Today
Saudia, the national airline of Saudi Arabia, announced a landmark agreement with Airbus, placing a firm order for 105 aircraft.
This "historic agreement" marks the largest aviation deal in the history of the wealthy Gulf monarchy.
In an official statement, Saudia described the deal as a pivotal moment for the Saudi aviation industry and the broader Middle East and North Africa (MENA) region.
The order includes a diverse range of Airbus models, tailored to meet the expanding needs of the airline as it seeks to enhance its fleet and service capabilities.
"This historic agreement covers 105 confirmed aircraft and represents a significant milestone not only for the Saudi aviation sector but also for the entire MENA region," the company said in its announcement.
The deal aligns with Saudi Arabia's Vision 2030 initiative, which aims to diversify the country's economy and reduce its dependence on oil. By modernizing its fleet and expanding its route network, Saudia is positioning itself to become a major player in global aviation, enhancing connectivity within the region and beyond.
The introduction of new Airbus aircraft is expected to improve operational efficiency, reduce environmental impact, and offer enhanced comfort for passengers. This move is also likely to stimulate job creation and economic growth within Saudi Arabia’s aviation sector.
Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.
The Egyptian government has successfully completed its second sovereign sukuk issuance, valued at $1 billion, as part of its broader strategy to diversify financing tools and investor bases.
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