Saudi Airlines' Deals Revive Competition Locally, Regionally

A Saudia, also known as Saudi Arabian Airlines, plane lands at Rafik al-Hariri airport in Beirut, Lebanon June 29, 2017. REUTERS/Jamal Saidi
A Saudia, also known as Saudi Arabian Airlines, plane lands at Rafik al-Hariri airport in Beirut, Lebanon June 29, 2017. REUTERS/Jamal Saidi
TT

Saudi Airlines' Deals Revive Competition Locally, Regionally

A Saudia, also known as Saudi Arabian Airlines, plane lands at Rafik al-Hariri airport in Beirut, Lebanon June 29, 2017. REUTERS/Jamal Saidi
A Saudia, also known as Saudi Arabian Airlines, plane lands at Rafik al-Hariri airport in Beirut, Lebanon June 29, 2017. REUTERS/Jamal Saidi

The world’s largest aviation companies are taking part in the 53rd International Paris Air Show at Le Bourget Airport near Paris, in which Gulf aviation companies also participate as competitors through major deals. Saudi aviation companies are also in the spotlight being backed by government plans which allow them to keep pace with the Kingdom’s vision and achieve progress at air transport level.

While US giant Boeing has been suffering after the grounding of its MAX 737 aircraft in March following two deadly crashes in Indonesia and Ethiopia, France’s giant Airbus is expected to increase its sales.

Saudi Arabian Airlines (Saudia), the Kingdom's national airline, said it ordered 65 A320neo-type aircraft from Airbus, worth more than $7.4 billion, giving an early push to the European manufacturer at the Show.

The Saudi airline plans to boost its A320neo fleet to up to 100 aircraft from 35 now. The deal includes 15 aircraft of the new A321 XLR type, capable of flying up to 8,700 kilometers (5,400 miles).

In addition to the aircraft order, the agreement included coordinating and enhancing means of cooperation to support Saudi Arabia's local content in aerospace, aeronautical engineering and aviation, strengthening local technical capabilities, training human resources and creating jobs in the sector.

Director General of Saudia Saleh bin Nasser al-Jasser said that another new deal will be announced over the coming few months, including the purchase of modern, wide-bodied aircraft to implement further development and expansion plans both locally and internationally.

In January 2017, Flynas, the national Saudi carrier and leading low cost airline in the Middle East, announced adding 120, A320 Neo aircraft, to its fleet. The SR32 billion deal was considered the second largest of its kind in the Middle East.

It also signed a $8.6 billion worth deal to buy 80 Airbus A320neo narrow body jets, including the upgrade of an earlier order. The agreement includes purchasing options for a further 40 A320neo jets.

As Saudi Vision 2030 stresses transferring the Kingdom into a global logistics hub by providing competitive logistics services, several transport companies were established in Saudi Arabia.

“Saudi Arabia is a pioneer in the field of aviation and civil aviation industry at the regional and international levels," Abdulhamid Aba al-Arri, an expert in civil aviation, told Asharq Al-Awsat.

He explained Saudi Arabia’s significance on the civil aviation’s map by issuing effective legislation at the international level as part of the International Civil Aviation Organization (ICAO).



Saudi Arabia Joins International Partnership for Hydrogen and Fuel Cells in the Economy

Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
TT

Saudi Arabia Joins International Partnership for Hydrogen and Fuel Cells in the Economy

Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)
Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)

The Saudi Energy Ministry announced Saturday that the Kingdom has officially joined the International Partnership for the Hydrogen and Fuel Cells in the Economy (IPHE), as part of its ongoing efforts to foster international collaboration in developing this vital sector.
This accession marks a major step for the Kingdom, reinforcing its pioneering role in global sustainability efforts and in innovating advanced solutions for clean energy, the Ministry said in a statement.
It aligns with Saudi Arabia’s ambition to become a key producer and exporter of clean hydrogen, and to achieve greenhouse gases (GHGs) net-zero through the circular carbon economy approach by 2060, or before depending on technology maturity and availability, the statement added.
Saudi Arabia’s involvement in IPHE underscores its commitment to international cooperation as a cornerstone for attaining a more sustainable energy future.
The move also supports the objectives of the “Saudi Green Initiative” and “Middle East Green Initiative,” which focus on reducing carbon emissions and stimulating global demand for clean hydrogen, according to the statement.
"It also aims to contribute to the development and harmonization of regulations and standards that bolster the clean hydrogen economy,” it added.
IPHE serves as a crucial platform for fostering collaboration among member states to expedite the advancement and deployment of hydrogen and fuel cell technologies.
The partnership is dedicated to exchanging knowledge, supporting relevant research and technologies, and raising awareness about the importance of clean hydrogen in achieving sustainable development.
In this spirit, Saudi Arabia actively participates in numerous international organizations and initiatives linked to the production of clean and low-emission fuels, including the Innovation Mission Initiative, the Clean Energy Ministerial Meeting, the Zero Neutrality Forum for Producers, the Global Methane Initiative, and other related efforts.