Crown Prince Mohammed bin Salman announced the establishment of the Public Investment Fund for “Riyadh Airlines”, the new national air carrier.
It aims to contribute to the development of the air transport sector .
The fund enhances the Kingdom’s strategic location, which connects three of the most important continents of the world.
The Fund also works to raise the competitiveness of national companies in accordance with the objectives of Saudi Vision 2030.
The company takes Riyadh, as a main center for managing its operations, and as a starting point for its travels.
The company also owns a fleet of advanced aircraft.
through which it aims to apply the best international safety approved in the field of aviation.
International experts in Riyadh Airlines
Riyadh Airlines will be led by a group of local and international experts.
Mr. Yasser Al-Rumayyan the Governor of the Public Investment Fund, chairs the Board of Directors of the company.
Tony Douglas, who has more than 40 years of experience in transportation, and aviation, has become CEO.
The company’s financial capabilities and investment expertise will enable the company to expand its operations.
In support of its future plans to be a leading national and global company in the aviation sector.
To enrich the passenger experience, “Riyadh Airlines” aims to launch flights to more than 100 destinations around the world by 2030.
The company will also provide exceptional levels of integrated services, mixed with authentic Saudi hospitality.
“Riyadh Airlines” will contribute to providing more opportunities for tourists to reach the most beautiful tourist sites in KSA.
This company will form a new era in the field of travel and aviation.
it will increase air transport options in conjunction with the increase of travelers to and from the Kingdom.
In a way that contributes to attracting the movement of international travelers and connecting different continents of the world, so that the city of Riyadh becomes a gateway to the world.
Saudi Arabia will be a global destination for transport, trade, and tourism.
This will contribute to achieving the objectives of the National Strategy for Transport and Logistics Services.
The establishment of “Riyadh Air” comes in line with the strategy of the Public Investment Fund to unleash the potential of promising sectors locally to support the diversification of the economy.
“Riyadh Airlines” will contribute to the growth of the non-oil gross domestic product of the Kingdom by a value of up to 75 billion riyals.
More than 200,000 direct and indirect job opportunities will also be created.
Riyadh Airlines and King Salman International Airport are among the latest investments of the Public Investment Fund in the aviation sector