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.
AD Ports Group, the UAE’s leading ports, logistics and trade-facilitation company, has announced the sale of its 9.77% stake in NMDC Group PJSC to Alpha Dhabi Holding for AED 1.6 billion (US$436 million).
The Abu Dhabi Chamber of Commerce and Industry, in partnership with the Serbian Chamber of Commerce and Industry, hosted the Abu Dhabi–Serbia Business Forum as part of ongoing efforts to position the emirate as a leading global hub for trade and investment.
Indian-origin steel tycoon Lakshmi N. Mittal, long considered one of Britain’s wealthiest residents, is reportedly preparing to shift his base away from the UK as Prime Minister Keir Starmer’s Labour government moves ahead with new tax measures targeting the super-rich, The Sunday Times reported.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.