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Riyadh Air Orders 60 Airbus A321-family Jets

A civilian aircraft flies over the skies of the Saudi capital (Riyadh Air)
A civilian aircraft flies over the skies of the Saudi capital (Riyadh Air)
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Riyadh Air Orders 60 Airbus A321-family Jets

A civilian aircraft flies over the skies of the Saudi capital (Riyadh Air)
A civilian aircraft flies over the skies of the Saudi capital (Riyadh Air)

Saudi startup Riyadh Air said on Tuesday it had ordered 60 Airbus narrowbody A321-family jets as it prepares to start operations in 2025.

The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Saudi Arabia's newest carrier, which last year ordered 39 Boeing 787 Dreamliners with options for 33 more.

The A321 deal would be worth around $4 billion after typical discounts, based on estimated delivery prices from Cirium Ascend, Reuters reported.

The airline had cautioned that it was in the midst of a sequence of potential orders and that it was studying both Boeing and Airbus for the next narrowbody purchase.

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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year, the General Authority for Statistics (GASTAT) announced Thursday.

In its flash estimates of the real GDP growth rate for Q3 of 2024, published on its official website, GASTAT said that oil activities grew by 0.3% in Q3 2024 compared to the same period of last year, while non-oil activities saw a positive growth of 4.2%.

Government activities also recorded a positive growth rate of 3.1% compared to the same quarter of last year.

The figures further indicated that seasonally adjusted real GDP for Q3 2024 rose by 0.8% compared to Q2 2024.