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Saudi Arabia Hosts First ICAO Meetings in the Middle East

The meetings in Jeddah saw wide regional and global presence. (Saudi Air Navigation Services Company)
The meetings in Jeddah saw wide regional and global presence. (Saudi Air Navigation Services Company)
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Saudi Arabia Hosts First ICAO Meetings in the Middle East

The meetings in Jeddah saw wide regional and global presence. (Saudi Air Navigation Services Company)
The meetings in Jeddah saw wide regional and global presence. (Saudi Air Navigation Services Company)

The Saudi Air Navigation Services Company celebrated on Sunday the International Day of the Air Traffic Controller, observed annually on Oct. 20. The event, held in Jeddah, was attended by representatives from global and regional civil aviation organizations.
The celebration coincided with the 13th meeting of the Communication, Navigation, and Surveillance Systems Working Group and the 10th meeting of the Middle East Air Traffic Management Working Group, both under the International Civil Aviation Organization (ICAO). These meetings, held in Saudi Arabia for the first time, saw the participation of around 80 delegates from 18 countries, as well as representatives from the International Air Transport Association (IATA) and ICAO.
Additionally, the first meeting of the Flight and Flow Information for a Collaborative Environment (FF-ICE) Working Group, under the Gulf Cooperation Council, was convened to discuss updates and contribute to the development of practical solutions and strategies to achieve common goals.
Saudi Arabia has seen steady growth in air traffic across its airports and airspace, with a significant milestone in 2019 when the country appointed its first group of female air traffic controllers, highlighting the growing role of women in the civil aviation sector.
Eng. Abdulaziz Al-Zaid, CEO of the Saudi Air Navigation Services Company, described Saudi Arabia’s hosting of these meetings as a testament to the nation’s commitment to leading the aviation sector in the Middle East and globally. He emphasized the unlimited support this sector receives from King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman.
Al-Zaid noted that celebrating the International Day of the Air Traffic Controller underscores the crucial role of air traffic controllers in ensuring the safety and smooth flow of air traffic in Saudi airspace and airports. It also reflects the country’s engagement in international recognition of this essential profession.
Saleh Al-Zahrani, Chief Operating Officer of the company, also emphasized Saudi Arabia’s leadership in civil aviation in the region. He expressed hope that the meetings would contribute to advancing air navigation across the Middle East, ensuring the highest standards of safety, security, and efficiency, while fostering sustainable growth.
Saudi Arabia’s air traffic is managed through an integrated, state-of-the-art navigation system, among the most advanced in the world. This system includes two regional control centers in Jeddah and Riyadh, 19 monitoring units, a navigation control and monitoring center, and 1,200 navigation devices across the country, all operating 24/7 with cutting-edge global technologies to meet the highest standards of safety and efficiency.

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Business

Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)
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Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)

Saudi Arabia’s Public Investment Fund has fully allocated the proceeds of its green bond issuance, directing $9 billion to eligible projects, in a move that highlights the sovereign wealth fund’s growing role in shaping a more sustainable future and delivering lasting positive impact worldwide.

According to a recent report issued by the Public Investment Fund, reviewed by Asharq Al-Awsat, the expected impact of the fund’s eligible green projects includes generating 427 megawatts of renewable energy, avoiding emissions equivalent to 5.1 million tons of carbon dioxide, and treating 4 million cubic meters of wastewater.

The Public Investment Fund aims to establish itself as an active participant in global debt markets, while also fostering the development of a dynamic domestic market. This would enable the fund to access short- or long-term liquidity through a diverse range of financing instruments.

Financing strategy

The fund’s capital markets program aims to further strengthen its financing strategy and execution capabilities, both at the level of the Saudi sovereign wealth fund and across its portfolio companies, while enabling deeper engagement with global and local debt markets.

The program will also support expanding the fund’s capacity to raise debt and deploy it as a source of investment financing, in line with its overall funding strategy. This approach is designed to instill greater discipline in cash flow management and enhance returns on equity for the fund and its portfolio companies.

The green bond issuance will provide the fund with access to a broader pool of investors who prioritize environmental, social, and governance considerations in their investment decisions. It will also allow investors to diversify their portfolios through green assets, a step expected to help accelerate the pace of green investment globally.

Climate change

The fund has taken concrete steps to advance governance and policy, focusing on sustainability, and is a founding member of the One Planet Sovereign Wealth Funds initiative. This international platform aims to accelerate the integration of climate change considerations into asset management decisions and investment opportunities.

As an investment vehicle, the Public Investment Fund operates through acquiring stakes in companies aligned with its mandate, including ACWA Power and Lucid.

It has also established the Saudi Investment Recycling Company, a leader in waste management and recycling, manages the National Energy Services Company, Tarshid, and supports the creation of a voluntary carbon market in the Middle East and North Africa.

These efforts aim to strengthen Saudi Arabia’s position as one of the world’s most energy-efficient countries.

The green bond issuance will finance tangible projects on the ground, helping to accelerate the green transition and advance the Kingdom’s core targets of achieving net zero emissions by 2060 and generating 50 percent of electricity consumption from renewable energy sources by 2030.

This forms a key pillar of the renewable energy program implemented by the fund, which involves developing 70 percent of renewable power generation capacity.

Business

Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.

Business

Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.