The new multi-billion dollar international airline to be operated by Saudi Arabia is nearing completion and is rumored to be called ‘RIA’. Once operational, it will fly out of Riyadh as the Kingdom’s second national carrier. SAUDIA is based in Jeddah.
A $100 billion investment in the aviation industry over the next eight years, the majority of which will go toward developing a new national carrier operating international routes, is at the heart of the country’s Vision 2030.
By 2030, Saudi Arabia wants to see 30 million foreign transit travelers, up from just under four million at the present time. It is envisaged that this will eventually require the new carrier to operate over 150 routes across Europe, North America, South America, Africa, and Asia, requiring a $30 billion investment. Emirates, for comparison, now offers flights to 158 locations.
By 2030, Saudi Arabia wants to see 30 million foreign transit travelers
Currently, the Middle East accounts for around 60% of all aviation travel into Saudi Arabia. Africa only makes up 10%, whereas the Asia-Pacific region accounts for 20%; so there is clearly room for substantial growth.
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