Air Arabia and a consortium with Nesma and Kun Investment Holding have won the bid to launch a new low-cost airline based at King Fahd International Airport in Dammam. The carrier will operate a fleet of 45 aircraft, serve 24 domestic and 57 international destinations, and aims to carry nearly 10 million passengers annually by 2030 while creating over 2,400 jobs, aligning with Saudi Arabia’s Vision 2030 to boost tourism and regional connectivity.
Saudi Oil Flows to China Hit New Peak — What’s Fueling the Boom?
Inbizzy ,Saudi Arabia — Saudi Arabia is reclaiming its strategic position in the global energy arena. Through its state oil… Read more »
Indonesia and Saudi Arabia Sign $10 Billion Clean Energy Deal, Launch Strategic Coordination Council
Indonesia’s state investment agency, Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), has entered into a strategic partnership with Saudi energy company ACWA Power to develop large-scale clean energy projects in Indonesia. The investment is valued at US$10 billion, or approximately IDR 162 trillion.
Indonesia and Saudi Arabia Strengthen Ties with $27 Billion Investment in Energy, Healthcare, and Aviation
Inbizzy, Jakarta, — The governments of Indonesia and Saudi Arabia have signed a series of investment agreements and memorandums of understanding… Read more »
