黑料社区

Here鈥檚 what to expect in 黑料社区鈥檚 sky in the near future

Special Here鈥檚 what to expect in 黑料社区鈥檚 sky in the near future
黑料社区 is targeting handling 330 million passengers annually by 2030. Getty
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Updated 10 May 2025

Here鈥檚 what to expect in 黑料社区鈥檚 sky in the near future

Here鈥檚 what to expect in 黑料社区鈥檚 sky in the near future

RIYADH: Increased technology integration and greater connectivity over the next five years will see 黑料社区 cement its position as a global aviation hub, experts have told Arab News.

In a comprehensive assessment of the Kingdom鈥檚 air sector, analysts and industry insiders have set out how investment in infrastructure, the roll out of new airlines, and a focus on sustainability will see 黑料社区 reach its Vision 2030 goals.

The Kingdom is targeting handling 330 million passengers annually across 250 destinations by the end of the decade, as well as聽 transporting 4.5 million tonnes of cargo.

The industry laid the groundwork for this growth in 2024, achieving record-breaking results with the 94 million passengers transported representing聽 a 15 percent year-on-year increase, alongside a 10 percent rise in flight activity, and a 52 percent boost in air cargo, to reach nearly 1 million tonnes.

The International Air Transport Association鈥檚 Regional Vice President for Africa and the Middle East, Kamil Al-Awadhi told Arab News that the Kingdom is preparing for the aviation sector to play an even bigger role in its future.聽

鈥淥ver the next five years, we expect continued development in digitalization and connectivity, and for 黑料社区 to be in an even stronger position as a global hub, driving economic and social growth for the Kingdom,鈥 he said.

Al-Awadhi also emphasized that the nation鈥檚 regulatory reforms and commitment to sustainability will be key factors in attracting international airline partnerships and investment.聽

He added: 鈥淕ACA鈥檚 (the General Authority of Civil Aviation) revision of its charging scheme, to make Saudi airports more competitive in the region, is a positive step, now and for the future. As is its establishment of an independent economic regulatory framework.鈥

The top official noted that 黑料社区 is the first country in the Middle East and North Africa to do this, and encouraged others to follow.

Riyadh Air 鈥 a portal to the Kingdom

A key development in the sector is the highly anticipated debut of Riyadh Air, 黑料社区鈥檚 new full-service airline, set to launch in 2025.聽

The company has made significant strides in preparation for its release, including major aircraft acquisitions, strategic alliances, and technological investments.

Mark Bothorn, principal of innovation practice at Arthur D. Little Middle East, highlighted that the launch of Riyadh Air is a 鈥渨atershed moment for 黑料社区鈥檚 aviation sector 鈥 an event of this scale and significance happens perhaps once a decade.鈥

He added: 鈥淎s a full-service national flag carrier, Riyadh Air will not only enhance domestic connectivity but also position the Kingdom鈥檚 capital as a major global aviation hub.鈥

Bothorn further anticipated that the new national carrier would serve as an ambassador for 黑料社区, embodying the nation鈥檚 vision through cutting-edge design, unparalleled guest experience, and world-class connectivity. 鈥淭he way the world perceives Riyadh will, in many ways, be shaped by the experiences this airline delivers,鈥 he added.




Mark Bothorn, principal of innovation practice at Arthur D. Little Middle East. Supplied

The airline has ordered 60 Airbus A321neo jets, with plans for additional wide-body aircraft this year. It has secured agreements with Singapore Airlines, Air China, and Delta Air Lines to enhance interline connectivity, codeshare operations, and frequent flyer benefits.

Riyadh Air is collaborating with Artefact to develop an advanced data analytics platform that aims to offer hyper-personalized services and seamless digital-first experiences. Its initial routes will connect 黑料社区 to major cities in Europe, North America, and Asia, enhancing its international connectivity.




Riyadh Air plans to connect with more than 100 cities by 2030. Shutterstock

The Kingdom鈥檚 existing airlines are also undergoing significant transformations to cater to the growing demand and enhance international reach.聽

Saudia has placed a historic $19 billion order for 105 Airbus A320neo aircraft to expand its fleet, set for delivery starting in 2026.

Additionally, the airline is enhancing its maintenance and repair capabilities through a partnership with Air France-KLM. Flyadeal, Saudia鈥檚 budget airline, aims to double its fleet to 100 aircraft by 2030, offering affordable travel options across domestic and regional routes.

Flynas, the region鈥檚 top low-cost airline, secured a 280-aircraft deal, including Airbus A320neo and A330neo models, to support its aggressive expansion strategy. The airline also introduced new routes connecting 黑料社区 to Africa and Europe.

Bothorn commented on the impact of heightened market contenders, saying: 鈥淚ncreased competition is always a catalyst for innovation and improvement, and in 黑料社区鈥檚 aviation sector, it will lead to two transformative outcomes.鈥

First, enhanced connectivity will strengthen Riyadh鈥檚 position as a global business hub by providing seamless access to international markets through more flights and improved routing.

Second, Riyadh Air, unburdened by legacy systems, has the potential to redefine air travel, setting new benchmarks in passenger experience and efficiency, according to Bothorn.

Airport infrastructure soars聽

To handle the volume that new airlines will be attracting, 黑料社区 is investing heavily in airport infrastructure.聽

King Salman International Airport in Riyadh is set to become one of the world鈥檚 largest airports, with ongoing developments led by global firms including Foster & Partners and Jacobs Engineering. The airport will increase its capacity to accommodate 120 million passengers by 2030.

King Khalid International Airport鈥檚 expansion includes upgrades to Terminals 1 and 2, increasing capacity to 14 million passengers annually. Saudia鈥檚 deal with German aerospace company Lilium NV will introduce 50 electric vertical takeoff and landing jets, making it the first airline in the region to invest in sustainable air travel.

Bothorn emphasized the impact of airport infrastructure advancements. 鈥淔or many travelers, the airport experience is often the most stressful part of a journey 鈥 navigating terminals, dealing with security bottlenecks, and enduring long waits.鈥

He added: 鈥淎 seamless integration between the airport and airlines can dramatically transform this, replacing frustration with efficiency and even moments of delight.鈥

Bothorn envisioned airports that proactively anticipate passenger needs, with real-time updates enabling travelers to relax in lounges or dine rather than wait at gates.




An impression of how聽King Salman International Airport will look when construction is completed. File

Investment turbines spin

黑料社区鈥檚 business aviation sector is thriving, driven by an influx of high-net-worth individuals and economic expansion. The sector, valued at $1.2 billion in 2023, is expected to grow at an annual rate of 8.88 percent from 2025 to 2029.

GACA is further boosting this sector by removing restrictions on foreign on-demand charter flights, allowing international operators to enter the domestic private aviation market starting in May.

Infrastructure and transportation developments outlined in the 2025 Saudi budget report reinforce these aviation ambitions. The gross domestic product of the transportation and logistics sector grew by 6.4 percent in the first half of 2024.

Total investment contracts signed in this sector amounted to over SR200 billion ($53.3 billion). 黑料社区 has also strengthened its global presence by securing key positions in international aviation organizations, including hosting the UNCTAD Global Supply Chain Forum in 2026 and chairing the Executive Council of the Arab Civil Aviation Organization.

To enhance aviation services, the Kingdom has looked to implement modern and eco-friendly transportation initiatives during the Hajj season, including self-driving taxis, smart delivery vehicles, and increased aircraft seat capacity for pilgrims. Performance-based operations and maintenance contracts have been executed to enhance asset management efficiency.

Plans for 2025 include SR42 billion allocated for the infrastructure and transportation sector, which will witness the launch of several travel lounges across international airports, licensing new national air carriers, and expanding public bus networks to improve intercity and regional connectivity.

Al-Awadhi of IATA further elaborated on the nation鈥檚 role in shaping global aviation policies. 鈥淢any countries in the region look to 黑料社区 for developing their aviation sectors, so the Kingdom plays an important role in shaping regional policies.鈥

Recent work revamping economic regulation related to consumer protection, safety and security has been followed by other countries in the region, according to the top official.

鈥淲e鈥檙e stronger as an industry when standards are aligned, not just regionally but globally,鈥 he added.

Private jets and 黑料社区鈥檚 aviation roadmap

黑料社区 has made developing the private aviation market a key part of its roadmap for the sector, with the charter and corporate jet segments being supported by infrastructure upgrades such as six new general aviation airports.

The sector鈥檚 growth aligns with Vision 2030鈥檚 diversification efforts, particularly in tourism and entertainment, with destinations like AlUla and the Red Sea International Airport, capable of handling 1 million tourists annually, driving demand.聽

During 2024鈥檚 Future Aviation Forum, GACA unveiled a roadmap aimed at increasing the general aviation sector鈥檚 contribution to GDP, targeting a tenfold growth to reach $2 billion by 2030. The plan encompassed the business aircraft sector, including private charter flights and corporate aviation.

Sustainability is another focus, with GACA鈥檚 plan targeting net-zero emissions by 2060 through initiatives such as sustainable aviation fuel and AI-driven efficiency optimizations. However, challenges, including limited sustainable aviation fuel supply, remain.聽




The International Air Transport Association鈥檚 Regional Vice President for Africa and the Middle East Kamil Al-Awadhi. Supplied

Sustainable skies ahead

IATA鈥檚 Al-Awadhi highlighted the recent deal between Red Sea Global and daa International to introduce sustainable aviation fuel at Red Sea International Airport as 鈥渁 positive step for 黑料社区 and the region鈥 when it comes to developing a more ecologically friendly sector.

The 35 percent SAF blend, supplied by Arabian Petroleum Supply Co., reduces aircraft emissions by up to 35 percent per flight, aligning with RSG鈥檚 broader sustainability efforts, including 400 megawatt-peak of solar installations and plans to plant 50 million mangroves by 2030.

The airport, operational from 2023 and with international flights beginning in 2024, serves the growing Red Sea destination, set to feature 50 resorts by 2030.

The next five years will bring transformative benefits for travelers flying to and from 黑料社区. Expanded airline networks will improve connectivity, reduce layovers, and increase travel convenience.

The rise of low-cost carriers like flyadeal and flynas means more budget-friendly flights for domestic and international routes. AI-driven services, biometric security checks, and world-class airport infrastructure will streamline travel, making it more efficient and comfortable.

鈥淓xpect nothing short of a revolution in the way people travel,鈥 Bothorn said. He explained that long queues at security and immigration, endless gate waits, and the anxiety of either rushing through the airport or arriving far too early 鈥渨ill become relics of the past.鈥 He projected air travel to become more intuitive and enjoyable.

Al-Awadhi added that 黑料社区 is investing heavily in digital processing of passengers and integrating latest technologies at airports.聽

鈥淲e can certainly expect better passenger experience and customer service,鈥 he said, adding: 鈥淎irlines are also updating their fleets so travelers will be flying on the latest aircrafts, enjoying what new technologies have to offer. Improved connectivity will provide travelers with more choices, enhancing the overall customer experience.鈥

Investments in eVTOL aircraft and eco-friendly practices signal a shift toward greener aviation. 黑料社区 is undergoing a historic transformation in its aviation sector, with massive investments, strategic expansions, and cutting-edge innovations that will redefine the travel experience.

By 2030, the Kingdom aims to be a premier global aviation hub, offering world-class connectivity, seamless air travel, and state-of-the-art airport facilities.


Oil Updates 鈥 prices climb after US adviser says India鈥檚 Russian crude buying has to stop

Oil Updates 鈥 prices climb after US adviser says India鈥檚 Russian crude buying has to stop
Updated 18 August 2025

Oil Updates 鈥 prices climb after US adviser says India鈥檚 Russian crude buying has to stop

Oil Updates 鈥 prices climb after US adviser says India鈥檚 Russian crude buying has to stop

SINGAPORE: Oil prices rose on Monday after White House trade adviser Peter Navarro said India鈥檚 purchases of Russian crude were funding Moscow鈥檚 war in Ukraine and had to stop.

Brent crude futures rose 30 cents, or 0.46 percent, to $66.15 a barrel by 9:29 a.m. Saudi time while US West Texas Intermediate crude was at $63.19 a barrel, up 39 cents, or 0.62 percent.

Navarro said in an opinion piece published in the Financial Times that if India wants to be treated as a strategic partner of the US, it needs to start acting like one.

鈥淚ndia acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,鈥 Navarro said.

The market鈥檚 swift rebound after Navarro鈥檚 comments highlights how fragile sentiment is. Any sign of Washington tightening its stance on India鈥檚 Russian oil purchases reintroduces a risk premium, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

鈥淭he US adviser鈥檚 sharp words on India鈥檚 Russian crude imports, paired with postponed trade talks, revive concerns that energy flows remain hostage to trade and diplomatic frictions, even as peace prospects in Ukraine brighten,鈥 Priyanka added.

Oil prices fell during early Asia trading after US President Donald Trump met Russian President Vladimir Putin in Alaska on Friday and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first.

Trump will meet Ukrainian President Volodymyr Zelensky and European leaders on Monday as the US president presses Ukraine to accept a quick peace deal to end Europe鈥檚 deadliest war in 80 years.

鈥淭he status quo remains largely intact for now,鈥 RBC Capital analyst Helima Croft said in a note, adding that Moscow would not walk back territorial demands while Ukraine and some European leaders would balk at the land-for-peace deal.

On Friday, Trump said he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to 鈥渋n two or three weeks,鈥 cooling concerns about a disruption in Russian supply.

China, the world鈥檚 biggest oil importer, is the largest buyer of Russian oil, followed by India.

Investors are also watching for clues from Federal Reserve Chairman Jerome Powell鈥檚 comments at this week鈥檚 Jackson Hole meeting regarding the path of interest rate cuts that could boost stocks to further records.

鈥淚t鈥檚 likely he will remain noncommittal and data-dependent, especially with one more payroll and Consumer Price Index (CPI) report before the September 17 FOMC meeting,鈥 IG market analyst Tony Sycamore said in a note. 


Closing Bell: Saudi main index rises to close at 10,897

Closing Bell: Saudi main index rises to close at 10,897
Updated 17 August 2025

Closing Bell: Saudi main index rises to close at 10,897

Closing Bell: Saudi main index rises to close at 10,897
  • Parallel market Nomu added 17.42 points to close at 26,633.08
  • MSCI Tadawul Index gained 7.82 points to end at 1,409.49

RIYADH: 黑料社区鈥檚 Tadawul All Share Index rose on Sunday, gaining 63.80 points, or 0.59 percent, to close at 10,897.39. 

The benchmark index recorded a total trading turnover of SR3.22 billion ($858 million), with 201 stocks advancing and 54 retreating. 

The parallel market Nomu added 17.42 points, or 0.07 percent, to close at 26,633.08, as 46 listed stocks gained and 42 declined. 

The MSCI Tadawul Index gained 7.82 points, or 0.56 percent, to end at 1,409.49. 

L鈥檃zurde Co. for Jewelry was the best-performing stock of the day, rising 9.40 percent to SR13.50. 

Other top performers included Halwani Bros. Co., which rose 7.70 percent to SR47.00, and Dar Alarkan Real Estate Development Co., which advanced 5.16 percent to SR19.35. 

Tamkeen Human Resource Co. recorded the steepest drop, falling 3 percent to SR54.95. Fawaz Abdulaziz Alhokair Co. slipped 2.12 percent to SR24.90, while Naseej International Trading Co. declined 1.89 percent to SR104. 

In corporate announcements, the offering of National Signage Industrial Co. shares on the Nomu began on Aug. 17 and will run until Aug. 24. 

It covers 1.5 million shares, with a price range set between SR12 and SR15, with Yaqeen Capital Co. acting as the lead manager. 

Yaqeen Capital also announced its interim financial results for the six months ending June 30. According to a Tadawul statement, the firm reported a net profit of SR12.83 million, up 43.5 percent year on year, driven mainly by a 19 percent increase in revenues. 

Its stock closed at SR11, up 4.05 percent. 

ASG Plastic Factory Co. also published its interim results for the first half of the year, posting a net profit of SR16.5 million, down 11.23 percent from a year earlier. The decline was attributed to weaker subsidiary performance, higher operating expenses, and increased selling and marketing costs. 

The stock ended the session at SR52.10, up 4 percent. 


GCC non-oil sector adds $1.51tn to GDP, led by mining

GCC non-oil sector adds $1.51tn to GDP, led by mining
Updated 17 August 2025

GCC non-oil sector adds $1.51tn to GDP, led by mining

GCC non-oil sector adds $1.51tn to GDP, led by mining
  • Manufacturing activities led the non-oil sector with an average contribution of 11.7 percent.
  • Financial and insurance services led with an 11.7 percent increase, followed by transportation and storage at 11.6 percent. .

RIYADH: The Gulf Cooperation Council鈥檚 gross domestic product at current prices reached $2.14 trillion in 2023, down 2.7 percent from $2.2 trillion in 2022.

Despite this moderation, the non-oil sector showed strong resilience, contributing $1.51 trillion to the bloc鈥檚 GDP and underscoring the region鈥檚 ongoing diversification efforts.

Gross national income, which reflects the total earnings of citizens and companies after taxes and transfers, stood at $1.99 trillion, down 3 percent from the previous year, according to the GCC Statistical Center, Oman News Agency reported citing the latest available data.

Meanwhile, the oil sector contributed $604 billion, highlighting the continued influence of energy price fluctuations on the region鈥檚 economy.

The non-oil sector鈥檚 share of total GDP rose to 71.5 percent in 2023 from 65 percent in 2022, growing 6.4 percent year on year. Mining and quarrying remained the largest single contributor to the GCC economy over the past five years, averaging 28.3 percent of GDP, while manufacturing activities led the non-oil sector with an average contribution of 11.7 percent.

Several non-oil industries recorded robust growth in 2023. Financial and insurance services led with an 11.7 percent increase, followed by transportation and storage at 11.6 percent. Real estate grew 8.1 percent, public administration and defense rose 7.9 percent, wholesale and retail trade expanded 7.6 percent, and education climbed 5.5 percent, demonstrating broad-based sectoral strength.

Although mining and quarrying contracted by 18.8 percent and manufacturing experienced a slight decline of 0.7 percent, other sectors and investment activity provided strong support. Exports of goods and services totaled $1.26 trillion, accounting for nearly 60 percent of GDP, while final consumption expenditure鈥攊ncluding household, government, and nonprofit spending鈥攔ose 7.5 percent to $1.25 trillion. Gross capital formation, which covers fixed asset investments, increased 5.5 percent to $601.8 billion, signaling sustained investment momentum despite macroeconomic pressures.

Overall, 2023 highlighted the GCC鈥檚 progress toward a more diversified, resilient, and non-oil-driven economy, positioning the region for sustainable growth in the years ahead.


Egypt posts record $13bn primary surplus despite Suez Canal revenue drop

Egypt posts record $13bn primary surplus despite Suez Canal revenue drop
Updated 17 August 2025

Egypt posts record $13bn primary surplus despite Suez Canal revenue drop

Egypt posts record $13bn primary surplus despite Suez Canal revenue drop
  • Surplus equated to 3.6% of GDP
  • Results coincided with improvements across all major economic indicators

RIYADH: Egypt posted a record primary surplus of 629 billion Egyptian pounds ($13 billion) in fiscal year 2024鈥2025, despite a 60 percent drop in Suez Canal revenues, the presidency said in a statement.

During a meeting with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, President Abdel Fattah El-Sisi was briefed on the country鈥檚 preliminary fiscal performance, which showed a surplus equated to 3.6 percent of gross domestic product.

The result represents an 80 percent increase compared to the 350 billion pounds achieved during the 2023-2024 fiscal year.

The finance minister said the strong performance was delivered despite significant external shocks, most notably the sharp decline in Suez Canal revenues, which cost the budget an estimated 145 billion pounds compared with initial projections.

He added that the results coincided with improvements across all major economic indicators, particularly in private investment, industrial activity, and exports.

Presidency spokesperson Mohamed El-Shennawy said tax revenues also saw a significant increase, rising by 35.3 percent year-on-year to 2.204 trillion pounds.

This marks the highest tax revenue growth in recent years and reflects a broader expansion of Egypt鈥檚 tax base.

The finance minister said overall revenues grew by 29 percent, while primary expenditures rose by 16.3 percent.

The minister attributed the performance to a comprehensive tax reform agenda, which includes voluntary taxpayer registration, amicable dispute resolution, and the application of digital tools, including the creation of a dedicated e-commerce unit and the implementation of a tax risk management system.

Between February and August, Egypt received 401,929 requests to resolve longstanding tax disputes, along with more than 650,000 voluntarily submitted new or revised tax filings, generating 77.9 billion pounds in revenue.

Moreover, 104,129 small businesses with annual revenues below 20 million pounds applied for tax benefits under Law No. 6 of 2025.

Kouchouk highlighted the government鈥檚 social spending commitments. Over 80,000 critical medical cases were treated at state expense, and 2.3 billion pounds were allocated to cover health insurance for vulnerable citizens in various provinces.

In education, 160,000 teachers were hired for the 2024-2025 academic year to address staffing shortages, at a cost of 4 billion pounds.

A further 6.25 billion pounds was set aside for school meal programs to ensure students receive balanced nutrition and combat malnutrition.

El-Sisi stressed the importance of maintaining strict fiscal discipline to support economic recovery and development, and called for stronger public-private partnerships to achieve sustained growth and financial stability.

He also directed the continuation of efforts to generate primary surpluses and to increase allocations for the 鈥淭akaful and Karama鈥 cash transfer welfare programs, as well as for the health and education sectors, as part of broader efforts to alleviate burdens on citizens and promote social justice.


黑料社区鈥檚 holdings in US Treasuries rise to $131bn in June聽

黑料社区鈥檚 holdings in US Treasuries rise to $131bn in June聽
Updated 17 August 2025

黑料社区鈥檚 holdings in US Treasuries rise to $131bn in June聽

黑料社区鈥檚 holdings in US Treasuries rise to $131bn in June聽

RIYADH: 黑料社区 increased its holdings of US Treasury securities to $130.6 billion at the end of June, up $2.9 billion, or 2.3 percent, from May, according to official data. 

The Kingdom鈥檚 holdings stood at $127.7 billion in May, compared with $133.8 billion in April and $131.6 billion in March, according to the US Treasury Department. 

The increase comes as 黑料社区, the world鈥檚 largest oil exporter, manages its vast foreign reserves against a backdrop of shifting oil revenues, fluctuating global interest rates and ongoing diversification efforts under Vision 2030. Treasuries remain a key tool for Riyadh to park surplus funds in liquid, low-risk assets while balancing exposure to other currencies and asset classes. 

The report added that 黑料社区 retained 17th place among the largest holders of such instruments in June. 

Compared with June 2024, 黑料社区鈥檚 holdings in US Treasuries declined by 6.8 percent. 

The latest data also showed that the Kingdom is the only country in the Gulf Cooperation Council and the wider Middle East region to secure a place among the top 20 holders of US Treasury securities. 

黑料社区鈥檚 holdings were split between long-term bonds worth $103.5 billion, representing 79 percent of the total, and short-term bonds amounting to $27.1 billion, or 21 percent. 

Top holders  

Japan remained the largest investor in June with holdings totaling $1.14 trillion, up 0.9 percent from May. 

The UK ranked second at $858.1 billion, marking a 6 percent increase from the previous month. 

China followed with portfolios valued at $756.4 billion, little changed from $756.3 billion in May. 

The Cayman Islands and Canada ranked fourth and fifth with $442.7 billion and $438.5 billion, respectively. Belgium held sixth with $433.4 billion, followed by Luxembourg at $404.7 billion and France at $374.9 billion. 

Ireland was ninth with $317.4 billion, while Switzerland came 10th with $300.9 billion. 

Taiwan ranked 11th at $298.1 billion. Singapore held the 12th spot with $254.4 billion, followed by Hong Kong at $242.6 billion and India at $227.4 billion. 

黑料社区鈥檚 Treasury holdings are closely watched as they reflect the Kingdom鈥檚 strategy of balancing reserve diversification with strong US financial ties. Treasuries are among the world鈥檚 safest assets, and changes in Saudi positions often signal how major energy exporters deploy surplus revenues amid oil price swings and global interest rate shifts.