Riyadh, March 13 (SocialNews.XYZ) Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has announced 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 to non-oil GDP growth and create more than 200,000 direct and indirect jobs, the SPA said in a report on Sunday.
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 as quoted by Xinhua news agency report.
The kingdom's flag carrier SAUDIA uses Jeddah, the second-largest city in Saudi Arabia, as its main hub.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
