Saudi Arabia to launch new national carrier 'RIA'
Tags: International News
Saudi Arabia is finalizing the launch of its new international airline "RIA".
IMPORTANT FACTS -
- The launch of this new project, backed by the Public Investment Fund of Saudi Arabia, has been underway for the past 12 months.
Once launched, it will become Saudi's second national carrier.
It will be based at Riyadh’s King Khalid International Airport.
This is unprecedented in the history of the Saudi Arabian aviation sector.
Saudi Arabia is targeting 30 million international transit passengers by 2030, while it currently stands at less than 4 million.
This will mean the new carrier would need to operate more than 150 routes globally in Europe, North America, South America, Africa and Asia.
This would require an investment of $30 billion.
Emirates currently flies to 158 destinations in 85 countries.
Saudi Arabia :
King - Salman
Capital - Riyadh
Currency - Saudi Arabian riyal
Official Language - Arabic
Official Religion - Islam
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