15.1 C
Delhi
Thursday, February 22, 2024

Saudi crown prince launches kingdom’s latest airline

Date:

Share post:

Donate-GC-Razorpay

Riyadh: Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud announced on Sunday the launch of a new national airline, Riyadh Air, the Saudi Press Agency (SPA) reported.

The airline, fully owned by the kingdom’s Public Investment Fund (PIF), is expected to add 20 billion U.S. dollars to non-oil GDP growth and create more than 200,000 direct and indirect jobs, the SPA said in a report.

It added that 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, according to the SPA.

The kingdom’s flag carrier SAUDIA uses Jeddah, the second-largest city in Saudi Arabia, as its main hub.

Related articles

Alwar ‘beef mandi’ case: FIR registered against Khalid, Aslam, Saddam and others

After the Rajasthan police busted an illegal ‘beef mandi’ being operated on an illegally encroached government land in...

India and Greece heading towards doubling bilateral trade by 2030: PM Modi

New Delhi: Prime Minister Narendra Modi on Wednesday held bilateral talks with his Greek counterpart Kyriakos Mitsotakis in...

Demand for removal of K K Pathak rocks Bihar Assembly

Patna: Bihar Chief Minister Nitish Kumar lost his cool over the demands of the opposition for removal of...

Target of CD ratio should be 65 pc next year: Yogi

Lucknow: Chief Minister Yogi Adityanath on Wednesday expressed his satisfaction with the state's current credit-deposit (CD) ratio of...