Saudi Arabia's announcement of a new national airline called 'Riyadh Air'

 Riyadh Saudi Arabia has announced the creation of a new national airline called "Riyadh Air". According to the Saudi Press Agency, the Crown Prince and Prime Minister of the Kingdom, Prince Mohammed bin Salman, announced the establishment of the new national airline "Riyadh Air", this airline will be fully owned by the Saudi Public Investment Fund, which aims to establish the new airline The capital is to become a gateway to the world as well as a new destination for global trade, tourism, and transportation.

In this regard, the statement issued by the Public Investment Fund has said that the chairman of the airline will be PIF Governor Yasir al-Rumayan and Tony Douglas has been appointed as the CEO of the company, the new airline operated from Riyadh, Saudi Arabia. It will add $20 billion to the non-oil gross national product and create more than 200,000 direct and indirect jobs, while the establishment of Riyadh Air aims to provide alternative means of Saudi air travel, cargo capacity and global traffic. It is to play a role for the promotion of national transport, logistics strategy and national tourism.
It is learned that the establishment of Riyadh Air has also come as part of PIF's strategy to achieve the objectives of diversifying the kingdom's economy by utilizing the growth potential in the emerging industries of Saudi Arabia. will be made possible, Saudi Transport Minister Saleh Al-Jasser said the new airline is the latest project in a package of huge projects that will strengthen the kingdom's position as a global aviation hub.
Commenting on the establishment of the new airline, Minister of Tourism Ahmed Al-Khatib said that the new airline is a major breakthrough, which will boost the tourism sector of the kingdom. It will help in achieving the goal.