Riyadh Air set to add $20 billion to Saudi Arabia’s non-oil GDP growth – Gulf Today

Riyadh Air set to add $20 billion to Saudi Arabia’s non-oil GDP growth – Gulf Today









Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia. Associated Press







Saudi Arabia’s Crown Prince Mohammad Bin Salman Bin Abdulaziz on Sunday announced  the establishment of “Riyadh Air,” a PIF wholly owned company.





The airline is expected to add $20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs.





The new carrier will leverage Saudi Arabia’s strategic geographic location between the three continents of Asia, Africa and Europe, enabling Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism.





Riyadh Air will be chaired by Yasir Al Rumayyan, Governor of PIF, while Tony Douglas, who brings more than 40 years of experience in the aviation, transportation and logistics industries, has been appointed Chief Executive Officer. The airline’s senior management will include Saudi