RIYADH: Riyadh is set to receive three new helicopter landing sites in Diriyah, Edge of the World, and Ushaiqer thanks to a new agreement signed by the city’s municipality.
The memorandum of understanding was inked with The Helicopter Co., which is owned by the Public Investment Fund, in order to develop a future vision for air mobility in Riyadh, according to a statement.
Under the terms of the new deal, the areas were distributed according to the locations.
Diriyah, located on the northwestern outskirts of the capital city, Riyadh, received 11,000 sq. m., Edge of the World, a popular natural landmark located northwest of Riyadh was allocated 9,000 sq. m., and Ushaiqer, a village located in the Najd region of Saudi Arabia was given 8,500 sq. m.
Moreover, the MoU seeks to enhance and diversify investment opportunities in the city in accordance with the highest international standards.
This falls in line with Saudi Arabia’s goal of increasing passenger numbers and expanding flight routes.
It also aligns well with the Riyadh Municipality’s mission to elevate the city by promoting sustainable urban development, providing high-quality services, and building effective partnerships toward a vibrant community.
Additionally, the newly signed MoU is set to enhance visitors’ access to tourist destinations and their experience.
The agreement includes developing opportunities for cooperation with the private sector in the field of investment and building qualitative partnerships, in addition to creating many funding and contractual prospects with small and medium enterprises.
In May, The Helicopter Co.’s CEO revealed that the firm is pursuing a global footprint and an initial public offering.
Speaking to Arab News on the second day of the Future Aviation Forum in Riyadh at the time, Arnaud Martinez explained that once the company solidifies its position in the Saudi market, it will seek avenues to expand and grow its business.
This announcement aligned well with the Saudi sovereign fund-owned firm’s goal to generate long-term commercial returns and activate new sectors in the Kingdom that support the realization of Vision 2030.
