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Saudi-British Air Connectivity Expands with New Virgin Airlines Route

The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
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Saudi-British Air Connectivity Expands with New Virgin Airlines Route

The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)

Saudi Arabia and the United Kingdom are set to launch a direct route connecting Riyadh and London, following the signing of a cooperation agreement between the Air Connectivity Program and Virgin Atlantic.

The agreement, which was signed on Monday in Riyadh in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb, aims to enhance air connectivity between the two kingdoms, facilitating access to various cities in Saudi Arabia. The route will operate daily between London Heathrow Airport and King Khalid International Airport in Riyadh starting in March 2025, using Airbus A330 aircraft.

Virgin Atlantic’s entry into the Saudi market marks the tenth airline to collaborate with the Air Connectivity Program since the beginning of 2024.

In remarks to Asharq Al-Awsat, Majed Khan, the CEO of the Air Connectivity Program said that the agreement will help bring visitors to and from Riyadh and other areas of Saudi Arabia, such as Jeddah, Dammam, and Madinah as major cities, and then to the Red Sea, Jazan, and Al-Baha, supporting the national tourism strategy.

He further explained that Virgin Atlantic’s direct flights between London and Riyadh will support the growth of inbound international tourism from the UK and North America’s airline network.

As a member of the SkyTeam alliance, Virgin Atlantic will enhance air connectivity alongside Saudi Arabia’s national carrier, Saudia Airlines, between Riyadh, London, and other destinations within the network.

Virgin Atlantic CEO Shai Weiss told Asharq Al-Awsat that the Kingdom is experiencing rapid growth driven by Vision 2030, noting that he looks forward to introducing UK customers to Saudi Arabia’s rich culture, heritage, and commercial hub.

Weiss noted that the new services will offer great opportunities for connecting friends, relatives, and businesses, not only within the UK but also in the US, thanks to the partnership with Delta Airlines.

He continued that the agreement will boost the codeshare with its SkyTeam partner, Saudia, further expanding connectivity across the region and beyond while offering new benefits to frequent customers.

Weiss also highlighted the positive impact this step will have in attracting more tourists to Saudi Arabia, which is developing its tourism industry.

Virgin Atlantic, which has a fleet of 45 wide-body aircraft, announced last month the purchase of seven additional Airbus aircraft.

The Air Connectivity Program aims to boost tourism growth in the Kingdom by enhancing connections between Saudi Arabia and the world, through the development of current and potential air routes.

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Egypt Approves $91 Billion Budget for 2025/26

The sun rises in Cairo, Egypt March 25, 2025. (Reuters)
The sun rises in Cairo, Egypt March 25, 2025. (Reuters)
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Egypt Approves $91 Billion Budget for 2025/26

The sun rises in Cairo, Egypt March 25, 2025. (Reuters)
The sun rises in Cairo, Egypt March 25, 2025. (Reuters)

Egypt's cabinet approved a 4.6 trillion Egyptian pound ($91 billion) draft state budget for the financial year that will begin in July, a government statement said on Wednesday, as it continues to tighten its finances under an IMF program.

Expenditures will rise by 18% and revenue by 19% over the current 2024/25 budget. Revenue is expected to hit 3.1 trillion pounds, working out to a deficit of about 1.5 trillion pounds ($30 billion).

The increased expenditure partly reflects elevated headline inflation, which was running at an annual 12.8% in February.

Financial reforms under an $8 billion financial reform program signed in March 2024 with the International Monetary Fund have helped Egypt bring inflation down from a peak of 38% in September 2023.

The IMF this month approved the disbursement of $1.2 billion to Egypt after its fourth review of the program.

The new budget targets a primary surplus of 795 billion pounds, equal to 4% of GDP, up from the 3.5% primary surplus originally targeted in the 2024/25 budget.

The IMF granted the government a waiver in the fourth review after the surplus came in 0.5% of GDP lower than Egypt's earlier commitment.

In its third review in June, the IMF praised Egypt for its "strict control of spending".

The new budget also lowers public debt to 82.9% of GDP from an expected 92% in 2024/25, the cabinet statement said.

The cabinet said 732.6 billion pounds in spending in the new budget would be allocated for subsidies, grants and social benefits, an increase of 15.2%.

The budget increases commodities and bread subsidies by 20% to 160 billion pounds. It will also include 75 billion pounds to subsidize petroleum products, 75 billion pounds to subsidize electricity and 3.5 billion pounds to subsidize natural gas deliveries to households, the statement added.