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Saudi Arabia plans new national airline

There is a strategy to turn the Kingdom into a global logistics hub as it seeks to diversify from oil. The official state media reported, without giving details on when and how the airline would create.

The creation of another flag carrier would catapult Saudi Arabia into the 5th rank globally in terms of air transfer.

The biggest Arab economy and the largest country in the Gulf geographically, to boost non-oil revenues to about 45 billion riyals ($12 billion) by 2030 and Prince Mohammad has been spearheading a push for Saudi Arabia.

The development of ports, rail and road networks, would increase the transport and logistics sector’s contribution to gross domestic product.

Prince Mohammad said that The comprehensive strategy aims to position Saudi Arabia as a global logistics hub connecting.

They planned to build a new airport in Riyadh as part of the new airline launch, without giving further details. With the current flag bearer Saudi Arabian Airlines (Saudia), the kingdom has one of the smallest airline networks in the region relative to its size.

Read more articles like this at armarketnews

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