Riyadh the new Dubai? Saudi Arabia launches new airline to compete among transit hubs

Saudi Arabian Crown Prince Mohamm bin Salman bin Abdulaziz announced launch of a new national carrier, Riyh Air on Sunday. new national carrier will attempt to use Saudi Arabia's geographical position between three continents of Asia, Africa, and Europe to its vantage, allowing Riyh to develop into a global transit hub for international travel, tre, and tourism replacing likes of Dubai and Doha in region. By 2030, Riyh Air hopes to establish connections with more than 100 locations worldwide. 

airline will use Riyh as its hub to usher in a new age for tourism and aviation industries internationally, a statement from airline re, "Riyh Air will be a world-class airline, opting global best sustainability and safety standards across its vanced fleet of aircraft equipped with latest cutting-edge technology."

Saudi economy is majorly dependent on oil and energy. As per a report by DW, 80 per cent of Saudi's export income comes from oil and oil industry makes up for nearly 40 per cent of its GDP. airline is expected to create more than 200,000 direct and indirect jobs and boost non-oil GDP growth by USD $20 billion. Public Investment Fund (PIF), a sovereign wealth fund, will hold all of airlines.

Boeing bags an order for 121 Dreamliners from Saudi

This arrangement is a component of Saudi Arabia's larger strategic ambition to develop itself into a centre for international aviation. In its Vision 2030 document, Saudi Arabia articulated its aim to serve 330 million passengers and draw 100 million tourists. Saudi has marked off a massive deal with American aircraft manufacturer, Boeing to deliver 121 787-9 Dreamliner. This will be Boeing's fifth-largest commercial order in history in terms of value. 

creation of Riyh Air is consistent with PIF's mission to localise important sectoral capabilities and vance economic diversification in Saudi Arabia. airline will also enable National Tourism Strategy and assist Saudi Aviation Strategy's bigger ambition, opening up Saudi Arabia's cultural and natural attractions to foreign tourists and generating new jobs.

Saudi government is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's all-encompassing "Vision 2030" reform drive, which includes doubling yearly traffic to 330 million passengers by end of dece. It also aims to move up to five million tonnes of goods annually.