Logistics

The Helicopter Company’s expansion, a boost to Saudi Arabia growth ambitions

Company plans to grow its fleet to 100 aircraft in the next few years

Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade

The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms

Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica

This initiative aims to boost socio-economic growth and improve residents' quality of life 

Wizz Air launches direct route from London Gatwick to Jeddah with Airbus A321XLR

The new London Gatwick to Jeddah route will operate daily year-round, starting 31 March 2025 

Saudi Arabia’s interior ministry launches smart gates at NEOM Bay Airport

Initiative is part of Saudi Arabia's efforts to enhance the quality of life by implementing high-efficiency digital solutions in Saudi cities

Saudi Arabia enhances air connectivity with new direct flight route from Riyadh to London

Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception

Saudi Arabia’s non-oil exports to India exceed $453 million in June 2024

In the last five years (2019-2023), Saudi non-oil exports to India totaled around SAR100 billion

Riyadh Air, noon Payments partner to offer seamless digital payment options

Partnership showcases the airline's dedication to fostering local innovation and contributing to the broader economic goals of Saudi Arabia

New business park with $1 billion investment aims to transform Saudi’s Boulevard City

 The park features 60,000 sqm of creative spaces, nine innovative office buildings

Saudi Arabia’s ports climb to 15th spot in global container handling ranking: Report

Jeddah Islamic Port has made particularly impressive strides, leaping from 41st to 32nd place

Riyadh awards four major contracts worth $3.46 billion for road development

Program positions Riyadh as a leading global metropolis and a central hub for sustainable transportation and logistics in the Middle East

The Helicopter Company expands to meet aviation’s changing needs

Innovation and strategic partnerships enable Saudi’s commercial helicopter operator to stay ahead of the curve

Riyadh Air awards $400 million ground handling contract for King Khalid International Airport

Riyadh Air to launch commercial operations at the King Khalid International Airport by mid-2025

Oil demand forecast to reach over 106 million barrels per day in H2 2024, says Aramco chief

Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd

Saudia launches four weekly flights to Medan, Indonesia starting August 31

Expansion supports objectives of Saudi Vision 2030, which aims to host 30 million Umrah pilgrims by 2030

Saudi Arabia’s non-oil merchandise exports to GCC hit $2.9 billion in May

UAE remained Saudi Arabia’s largest non-oil trading partner within the GCC region

Saudi Arabia’s MODON secures 9 deals worth $266.47 million to develop industrial cities

The projects include infrastructure development for the third industrial city in Jeddah and the second industrial city in Makkah

Saudi Arabia among top 20 vehicle import markets globally with imports exceeding 1 million units

Arab world's total vehicle sales in 2022 exceeded 1.7 million units, with 36 percent of these sales occurring in Saudi Arabia

Saudi Arabia positions Jeddah Islamic Port as central metals distribution hub with London Metal Exchange listing

This development underscores the port's crucial role in facilitating global trade

Saudi Arabia’s Dammam port sees 37.4 percent container handling growth, manages 1.53 million units in H1 2024

Transshipment containers also surged by 87.87 percent to 37,806 units from 20,124 in 2023