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Is Saudi Arabia laying out plans for a new airline and an airport in Riyadh?

An airport for Riyadh and a new airline – Saudi Arabia’s economic expansion plans do not have any half measures.
Image Credit: File photo

Riyadh: Saudi Arabia is considering building a new airport in Riyadh – a facility that would serve as a base for a new airline the kingdom’s sovereign wealth fund is looking to launch as it targets a vast increase in tourist arrivals.

The $430 billion fund said earlier this year it plans to invest in aviation to help capture the tourist boom envisioned by Crown Prince Mohammed Bin Salman. The new airline would serve tourists and business travelers, while existing flag carrier Saudia would focus on religious tourism from its base in Jeddah.

The Public Investment Fund is also exploring the idea of investing billions in…

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