Saudi airline flynas and Brazil’s Eve Air partner for electric helicopters in Riyadh and Jeddah
Saudi budget airline flynas has signed a memorandum of understanding with Brazil-based Eve Air Mobility to explore the possibility of starting electric helicopter operations in the Kingdom. Under the deal, both parties will examine the potential of the future of electric vertical take-off and landing aircraft operations in the Kingdom in a sustainable manner. The […]
Saudi Arabia reaffirms commitment to support UNIDO
Saudi Arabia is committed to supporting the UN Industrial Development Organization in achieving its goals, according to the minister of industry and mineral resources. During his engagement at the General Conference of UNIDO held in Vienna, Austria, Bandar Alkhorayef affirmed the Kingdom’s commitment to supporting UNIDO, as reported by El-Ekhbariya. This assurance reflects the Kingdom’s […]
Japan, Saudi agree on investment cooperation
State Minister of Economy, Trade and Industry Iwata Kazuchika has held a meeting with Saudi Arabia’s Assistant Minister of Investment Ibrahim Al Mubarak in Tokyo that covered future cooperation and Saudi-Japan Vision 2030. The two ministers agreed on deepening the economic relationship between Japan and Saudi Arabia, the Ministry of Economy, Trade and Industry reported. […]
Saudi Arabia to spearhead green development vision with forum during COP28
Saudi Arabia is committing itself to a sustainable and green future through a variety of initiatives, with one of the most high-profile set to be held at the upcoming climate conference in Dubai. Alongside the UN’s COP28 summit, the Kingdom will host the third edition of the Saudi Green Initiative Forum on Dec. 4 to […]
Saudi Arabia, Brazil ink energy collaboration deal
Energy collaboration between Saudi Arabia and Brazil is poised to strengthen after a key agreement was inked during the visit of the president of the South American country to the Kingdom. The deal aims to establish a comprehensive framework for cooperative efforts across various fields, including oil and gas, petrochemicals, and electricity. It will also […]
Saudi Arabia’s PIF to buy 10% stake in Heathrow Airport
Saudi Arabia’s sovereign wealth fund has entered into a share purchase agreement to acquire a 10 percent stake in London’s Heathrow Airport from Spanish infrastructure giant Ferrovial, as it continues to make strategic investments across various sectors. In a press statement, PIF said that will acquire the stake in FGP TopCo, the holding firm of […]