Saudi crown prince launches kingdom’s latest airline
The airline, fully owned by the kingdom’s Public Investment Fund, is expected to add $20 billion to non-oil GDP growth and create over 200,000 direct and indirect jobs, the report said.
RIYADH: Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has announced the launch of a new national airline, Riyadh Air, the media reported. The airline, fully owned by the kingdom’s Public Investment Fund, is expected to add $20 billion to non-oil GDP growth and create over 200,000 direct and indirect jobs, the report said. It added the new national carrier will “leverage Saudi Arabia’s strategic geographic location between the three continents, enabling Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism.” As it was named, the new airline will operate from Riyadh as its hub. The kingdom’s flag carrier ‘Saudia’ uses Jeddah, the second-largest city in Saudi Arabia, as its main hub.
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