Saudia Group expands historic deal with Airbus to include 20 more aircraft

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Updated 02 June 2025
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Saudia Group expands historic deal with Airbus to include 20 more aircraft

Saudia Group expands historic deal with Airbus to include 20 more aircraft

TOULOUSE: Saudia Group has expanded its historic deal with Airbus to include an additional 20 aircrafts for its Saudia and Flyadeal airlines. 

The deal is set to strengthen diplomatic ties, increase economic growth, and enhance the group’s global reach through this expansion.

In May, Saudia Group made history by signing the largest aircraft deal in the Kingdom’s aviation history with Airbus, securing 105 A320neo and A321neo aircraft.

Speaking at Airbus’s facility in Toulouse, Saudia Group’s Chief Marketing Officer Khaled Tash told Arab News: “We are here at Airbus celebrating not only our historic deal that we announced last May — 105 aircraft from Airbus, 54 from Saudia, and 51 for Flyadeal — but we are also here to expand our partnership and add another 20 aircraft from the A330 (A330neo) family, 10 of them for Flyadeal and 10 confirmed for Saudia.”

Saudia Group hosted a delegation featuring diplomats, executives, and media representatives on an official visit to Airbus headquarters to commemorate the original deal and expand upon it with the addition of 20 new aircraft.

The expansion of Saudia’s fleet will further its mission in contributing to Vision 2030 goals, which include transporting 330 million visitors, attracting 150 million tourists, serving 30 million pilgrims, and connecting to over 250 destinations all by 2030.

Highlighting how the new addition to Saudia Group’s fleet will affect the sector, Tash said: “We say that our mission in Saudia has changed over the years and evolved not only to connect Saudi Arabia to the world but also to bring the world to Saudi Arabia.

“Aircraft are at the core of enabling us to deliver on our ambition and to enable all the ambitions of tourism, sports, entertainment, cultural exchange, and business exchange between Saudi Arabia and the world.”

The new deal will also enhance operations of annual Hajj flights and year-round Umrah services, extending their reach further into Southeast Asia, Africa, and potential growth to Europe.




Saudia Group hosted a delegation on an official visit to Airbus headquarters in Toulouse, France. Saudia Group

Flyadeal expansion

As part of Saudia Group’s 105 aircraft deal with Airbus, Flyadeal is set to acquire an additional 10 A330-900neo aircraft, expanding its global reach beyond the region.

“We are purchasing 10 A330-900neos, they are wide-body aircraft, and that allows Flyadeal to fly very far, almost 12 hours,” Steven Greenway, CEO of Flyadeal, told Arab News, adding: “We can get all the way down to, say, Manila, Indonesia, from the Kingdom.”

The CEO said the deal allows “more flexibility and expansion” of the airline’s network on a global basis.

“From a tourism and hospitality point of view, obviously being able to fly to more countries, more distant countries in particular, means that we can bring more people as tourists into the Kingdom,” he said, adding: “Our current operations are predominantly in the Middle East. These aircraft, I suppose, give us longer legs to be able to fly.”

‘A pivotal milestone’




Director General of Saudia Group, Ibrahim Al-Omar. Saudia Group

An MoU was signed at the Toulouse factory between Saudia Group and Airbus to symbolize the expansion of the joint partnership.

The document was inked by Saleh Eid, vice president of fleet management at Saudia Group, and Benoit de Saint-Exupery, executive vice president of sales of commercial aircraft at Airbus.

Director General of Saudia Group, Ibrahim Al-Omar, gave the opening remarks and expressed the Group’s commitment to actively contributing to the goals set by Vision 2030.

“Today’s deal marks a pivotal milestone in our ambitious strategy to modernize and expand our fleet. It builds on last year’s historic deal with Airbus for 105 aircraft,” he added.

The additional purchase of 10 more aircraft dedicated to Flyadeal reaffirms the Group’s commitment to expanding their reach globally, creating jobs within and outside of the Kingdom, increasing Saudi tourism and creating more availability for travel in regions that Flyadeal hasn’t operated in previously.

In his remarks, Airbus’s Saint-Exupery said: “Saudia Group’s A330neo order for Flyadeal marks a key step in advancing the Kingdom’s aviation ambition to unlock long-haul markets and attract new customers

“The A330neo’s proven versatility, new-generation efficiency, and excellent passenger experience will perfectly support Saudia Group’s strategic growth and solidify their position as a global aviation leader.”

Deliveries of the A330neo are scheduled to begin in 2027, with the final aircraft arriving in 2029.


Arab states see 53% rise in investments, reaching $123bn

Arab states see 53% rise in investments, reaching $123bn
Updated 6 sec ago
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Arab states see 53% rise in investments, reaching $123bn

Arab states see 53% rise in investments, reaching $123bn

RIYADH: Arab countries attracted $122.7 billion in investments during 2024, up 53 percent from the previous year, supported by major projects in Egypt and the Gulf, new data showed. 

According to a report by the Arab Investment and Export Credit Guarantee Corp., known as Dhaman, the region saw the launch of 2,172 foreign projects with total capital expenditure of $119 billion. 

This aligns with the Arab region’s gross domestic product growth of 1.8 percent in 2024, reaching $3.6 trillion despite regional challenges, according to data released by Dhaman in March. 

It also supports Moody’s January forecast that oil production and major investment projects will drive a 0.8 percentage point rise in annual economic growth across the Middle East and North Africa in 2025. 

In its annual “Investment Climate in Arab Countries 2025” report, Dhaman said: “Despite the challenges the region experienced in 2024, FDI inflows into Arab countries rose by 53 percent to $122.7 billion, making up 14.2 percent of overall inflows into developing countries and 8.1 percent of overall world inflows worth around $1.5 trillion.” 

It added: “Foreign direct investment inflows into the Arab region continued their geographical concentration in 2024, as five countries had roughly 97 percent of the total inflows, led by Egypt, attracting $46.6 billion, making up 38 percent.” 

By the end of 2024, FDI stocks in Arab countries had increased by 8.8 percent to reach $1.2 trillion, with the UAE, Saudi Arabia, and Egypt, as well as Lebanon and Oman, accounting for 73 percent of the total, the report showed. 

The Kuwait-based organization said the average ranking of Arab countries in its composite index measuring investment climate stood at 103rd globally last year, remaining below the world average. 

As for inter-Arab investment projects, the report highlighted a 17 percent decline, totaling 260 projects, while capital expenditure dropped 35 percent to $45.5 billion, representing 38 percent of the region’s total foreign direct investment.

“The UAE represented the first destination in terms of the number of projects (83 projects), while Egypt led the list in capex ($27.2 billion, making up 60 percent of the total). Business services led the list in the number of projects (77 projects), and real estate came first in the capex ($24 billion),” the report said. 


Saudi POS transactions hold above $3bn in mid-October 

Saudi POS transactions hold above $3bn in mid-October 
Updated 32 min 58 sec ago
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Saudi POS transactions hold above $3bn in mid-October 

Saudi POS transactions hold above $3bn in mid-October 

RIYADH: Saudi Arabia’s point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as overall spending moderated in mid-October. 

According to the latest data from the Saudi Central Bank, also known as SAMA, consumer spending stood at SR12.2 billion ($3.25 billion) during the week ending Oct. 18, reflecting a 9 percent decline from SR13.4 billion a week earlier. 

The total number of transactions also eased 6.1 percent to 222.7 million, compared with 237.2 million in the prior seven-day period. 

Data revealed declines across most spending categories, led by education, which saw the steepest fall — a 31.2 percent drop in value, reflecting a slowdown after earlier back-to-school spending peaks. Recreation and culture followed, with a 14.6 percent decrease. 

Spending on restaurants and cafes dropped 9.3 percent to SR1.52 billion, while food and beverages fell 6.8 percent to SR1.92 billion. Purchases of apparel and accessories decreased 9 percent to SR880.53 million, and construction and building materials slipped 5.6 percent to SR395.63 million. 

The health sector also cooled, declining 7.5 percent to SR818.67 million, while professional and business services dropped 12 percent to SR671.24 million. 

The Kingdom’s key urban centers mirrored the national decline. Riyadh, which accounted for the largest share of total POS spending, saw a 7.8 percent drop to SR4.38 billion, down from SR4.76 billion the previous week. The number of transactions in the capital fell to 74.3 million. 

In Jeddah, transaction values decreased 8 percent to SR1.69 billion, while Dammam reported a 7.9 percent contraction to SR619.68 million. Other cities, such as Makkah and Madinah, also recorded notable declines in consumer spending, down 7.8 percent and 7.9 percent, respectively. Tabuk followed with an 11.5 percent decline. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy. 


Riyadh Metro spurs residential property boom: Knight Frank 

Riyadh Metro spurs residential property boom: Knight Frank 
Updated 22 October 2025
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Riyadh Metro spurs residential property boom: Knight Frank 

Riyadh Metro spurs residential property boom: Knight Frank 

RIYADH: The opening of the Riyadh Metro has transformed the Saudi capital’s housing market, with villa prices near stations jumping as much as 78 percent since 2023, according to a new report. 

An analysis by Knight Frank found that apartment prices increase by about SR96 ($25.60) per sq. meter for every 500 meters closer to a metro station. 

The report, titled “The Value of Access: Measuring the Impact of Riyadh Metro on Real Estate,” underscores how improved transport connectivity is fueling demand in a city undergoing rapid transformation under Vision 2030. 

The findings come as the metro network marked a major milestone — carrying 100 million passengers in August — since its launch in December. Designed to serve 3.6 million daily commuters, the Riyadh Metro operates a six-line network that connects business districts, residential communities, and cultural landmarks. 

Faisal Durrani, head of research, Knight Frank for the Middle East and North Africa region, said: “Designed to generate change rather than react to it, the system will reshape residential patterns, business locations and the lived experience of the city’s residents.” 

He added that the metro, as a flagship project under the Vision 2030 agenda, is not merely a transport initiative but a cornerstone of the Kingdom’s broader ambition to diversify its economy, enhance livability, and transform Riyadh into a global capital. 

“Transport infrastructure is central to this vision, reducing car dependency, cutting emissions and enabling more sustainable patterns of growth,” said Durrani. 

According to the report, villa values in Al Yarmuk surged by 78 percent since 2023, compared to 22 percent in peripheral areas. 

In Tuwaiq and Al Malqa, homes within walking distance of stations rose by 20 percent between the second quarter of 2023 and June 2025 — double the rate of other locations. 

The analysis estimated that around 1.5 million of Riyadh’s 8.3 million residents live within a 15-minute walk of a metro station — meaning roughly one in five, or 18 percent, of the population benefits from enhanced accessibility. 

By comparison, in Dubai, approximately 13 percent of residents live within walking distance of the metro network. 

The three stations with the highest surrounding populations are Al Bat’ha, Al Wizarat, and the National Museum in central Riyadh, each serving around 50,000 residents within a 15-minute radius. 

“The direct correlation between house prices and proximity to metro stations that we found is consistent with the effect seen in other major cities around the world, reinforcing the conclusion that metro accessibility is a key determinant of real estate value,” said Harmen de Jong, regional partner — head of consulting, MENA at Knight Frank. 

Looking ahead, Knight Frank noted that expansion plans — including the 65-km Line 7 corridor linking Qiddiya, King Salman Park, Diriyah Gate, New Murabba, and King Khalid International Airport — are set to extend these accessibility and sustainability benefits further, unlocking new areas for development.


PIF’s EA deal: What’s happening behind the scenes in esports?

PIF’s EA deal: What’s happening behind the scenes in esports?
Updated 21 October 2025
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PIF’s EA deal: What’s happening behind the scenes in esports?

PIF’s EA deal: What’s happening behind the scenes in esports?

RIYADH: Just weeks after the conclusion of the second edition of the Esports World Cup, the Saudis were ready for the next step. 

In late September, the Public Investment Fund, along with investment partners, acquired the American video game company Electronic Arts for $55 billion, a deal considered one of the largest in the sector.

Riyadh is now given the key to entering global markets, bringing it closer than ever to achieving its goals, particularly those related to attracting tourists from Japan and South Korea, historical leaders in this sector.

The most prominent outcome of this deal is that Saudi Arabia will benefit from the EA player base, estimated at around 150 million annually, given that the company develops the most popular games such as FIFA and F1. 

It will be easy for the Kingdom to organize tournaments with exclusive rights within the Esports World Cup to attract all these people to the Riyadh Boulevard in Hittin over the next few years.

Saudi Arabia’s influence and confident steps toward digital sports leadership have worried some American politicians, including Senators Richard Blumenthal and Elizabeth Warren. 

They sent a letter to the Committee on Foreign Investment in the US Treasury Department demanding strict scrutiny of the deal, arguing that it goes beyond a financial investment to influence storytelling and content, which they say influences American culture. 

EA responded that the deal has been approved and aims to accelerate innovation and growth in the entertainment industry, according to PC Gamer, a British magazine specializing in the video game industry.

Saudi Arabia’s passion is relentless. The latest edition of the Esports World Cup saw the Saudi Tourism Authority join as an official partner, capitalizing on the tournament’s audience of 3 million visitors. 

Meanwhile, the General Entertainment Authority installed giant interactive sculptures of famous characters such as Gundam and Vegapunk in Boulevard World during the Riyadh Season, seeking to attract Asian audiences through various entertainment experiences such as Anime Cafes, Japan Park, and a Kanji calligraphy experience.

Here’s the question: Will the number of tourists coming to Saudi Arabia from Asian capitals such as Beijing, Bangkok, and Manila, as well as Taipei, Singapore, and New Delhi, increase before the start of the 2027 AFC Asian Cup and the 2034 World Cup?

Faisal bin Homran, chief product officer at eSports World Cup Foundation, confirms that their strategy with clubs encourages fans from their home countries to come to Riyadh as part of an integrated sports, tourism, and entertainment journey. 

The latest club tournament generated 350 million viewing hours, with prizes exceeding $70 million, the largest prize pool in the history of the global eSports sector.

Further fueling the growth are the combined efforts of partners in China, Japan, Germany, and the US ahead of the inaugural eSports National Team Cup in Riyadh in November 2026. 

Bin Hamran believes the sustainability of the game lies in enhancing it with artificial intelligence technologies and increasing viewership, despite challenges such as differing audience tastes, the decline of some games among citizens of different countries, and the time difference between the East and West. 

All of these obstacles are fading thanks to the continued support and attention of Crown Prince Mohammed bin Salman.

The eSports sector aims to contribute $13 billion to Saudi Arabia’s GDP by 2030. Bin Hamran believes that current planning will lead to amazing future results, not only in terms of sporting enjoyment, but also in terms of financial outcomes. 

He said: “Most of the current targets have been achieved, and most of the revenues come from partnerships, viewership, visitors, tickets, sponsorship rights, advertising, promotional merchandise, and fees from game-producing companies.

“Profits will double and increase in the coming years. Our goal is to double viewership, follow-up, and participants, while increasing the value of the game’s brand for sponsors and advertisers.”

Sports fans are wondering about the possibility of creating a global game that reflects Saudi identity after the sovereign wealth fund acquired EA. 

Bin Hamran told Al-Eqtisadiah: “It is possible, as the company owns the largest international studios, and there are ongoing discussions with other studios, which will undoubtedly develop local content played by hundreds of millions around the world. 

“Also, electronic game publishers are racing to open headquarters and studios with the latest technology in Riyadh, with financial investments pumped into them under the umbrella of major partnerships. It is sufficient that the national strategy for games aims to provide more than 39,000 job opportunities over five years.”


Closing Bell: Saudi main index closes in red at 11,546 

Closing Bell: Saudi main index closes in red at 11,546 
Updated 21 October 2025
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Closing Bell: Saudi main index closes in red at 11,546 

Closing Bell: Saudi main index closes in red at 11,546 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, falling 98.75 points, or 0.85 percent, to close at 11,545.80. 

The benchmark index recorded a total trading turnover of SR4.91 billion ($1.31 billion), with 35 stocks advancing and 221 declining. 

The Kingdom’s parallel market Nomu also shed 149.66 points, or 0.59 percent, to close at 25,072.11. 

Meanwhile, the MSCI Tadawul Index fell 0.73 percent to 1,507.47. 

Al Majed Oud Co. was the best-performing stock on the benchmark index, as its share price increased by 3.36 percent to SR135.20. 

The share price of Americana Restaurants International rose 2.40 percent to SR2.13. 

Arabian Contracting Services Co. also saw its stock price climb by 1.79 percent to SR108.10. 

Conversely, the share price of Yamama Cement Co. declined by 9.99 percent to SR28.46. 

On the announcements front, Alinma Bank reported a net profit of SR4.67 billion for the first nine months of 2025, up 8.61 percent compared to the same period of the previous year. 

In a Tadawul statement, the financial institution attributed this rise to growth in financing and investments volume. Its third-quarter net profit rose 1.30 percent year on year to SR1.59 billion. 

Alinma Bank’s share price declined 0.53 percent to SR26.20. 

Bank Aljazira also released its results, reporting a nine-month net profit of SR1.14 billion, a 20.42 percent increase from the previous year. 

According to a Tadawul statement, this rise in profit was driven by a higher income from financing and investments, which increased as a result of portfolio growth. 

The financial institution’s third-quarter profit stood at SR400.1 million, marking an increase of 20.82 percent compared to the same period in 2024. 

The share price of Bank Aljazira dropped by 1.85 percent to SR12.72. 

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