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 Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
TT

Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.