NEOM Airport Welcomes First Flight

 Passengers traveled to NEOM via two Saudi airlines Airbus A320 aircrafts. (SPA)
Passengers traveled to NEOM via two Saudi airlines Airbus A320 aircrafts. (SPA)
TT

NEOM Airport Welcomes First Flight

 Passengers traveled to NEOM via two Saudi airlines Airbus A320 aircrafts. (SPA)
Passengers traveled to NEOM via two Saudi airlines Airbus A320 aircrafts. (SPA)

NEOM Airport in Saudi Arabia's Sharma on the Red Sea Coast received its first charter flight.

The plane transported 130 NEOM Project staffers in their first official visit to hold their first annual meeting on the project site. There is a plan to establish a network of airports in NEOM that will include an international airport with world-class standards.

Saudia operated two Airbus A320 aircraft to the NEOM Airport, which carries the symbol of an airport of the International Civil Aviation Organization.

Nadhmi Al-Nasr, CEO of the NEOM Project, said that the trip to the project site aimed at enabling the staffers to experience the outcome of their efforts to make the ambitious project successful since its launching last year.

He continued: “There is a big difference between knowing the details of the project in theory and going into it practically and exploring its treasures, beauty, and heritage.”

Saleh Al-Jasser, director general of Saudia, said: “We have great faith in this ambitious project, and hope that this trip would mark the beginning of a long and prosperous partnership with NEOM, with its great opportunities to support the Kingdom’s Vision 2030 as well as to write a new history for the region’s future and economy.”

Encouraging economic activities is one of the basic goals of NEOM. For this purpose, an infrastructure will be developed to attract emerging firms in the 16 targeted economic sectors; the future of energy, water, mobility, biotech, food, manufacturing, media, entertainment, culture and fashion, technology and digital, tourism, sport, design and construction, services, health and well-being, education, and livability.

The entire project’s space exceeds 25,000 sq. km of land and its cost is forecast to reach USD500 billion.

NEOM enjoys an uninterrupted coastline stretching over 468 kilometers.



Chip Powerhouse Taiwan Calls for Economic Partnership Deal with EU

 Taiwan President Lai Ching-te speaks at the annual Taiwan-EU investment forum in Taipei, Taiwan November 18, 2024. (Reuters)
Taiwan President Lai Ching-te speaks at the annual Taiwan-EU investment forum in Taipei, Taiwan November 18, 2024. (Reuters)
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Chip Powerhouse Taiwan Calls for Economic Partnership Deal with EU

 Taiwan President Lai Ching-te speaks at the annual Taiwan-EU investment forum in Taipei, Taiwan November 18, 2024. (Reuters)
Taiwan President Lai Ching-te speaks at the annual Taiwan-EU investment forum in Taipei, Taiwan November 18, 2024. (Reuters)

Taiwan President Lai Ching-te called on Monday for the signing of an economic partnership agreement with the European Union, saying it would boost cooperation in semiconductors and that as democracies the two sides should be working together.

Taiwan has pushed for the signing of investment and trade deals with the EU, in what would be politically significant for Taiwan given its diplomatic isolation and general exclusion from most global bodies and agreements.

For its part, the EU has been courting Taiwan as a "like-minded" partner under the European Chips Act to encourage more semiconductor production in Europe and lessen dependence on Asia, despite the lack of formal ties with the Chinese-claimed island.

Speaking at a Taiwan-EU investment forum in Taipei, Lai said that facing the threat of expanding authoritarianism, Taiwan and the EU must form a "strong democratic umbrella" and build secure supply chains for global democracies.

"Looking to the future, Taiwan hopes to take an innovative approach towards the signing of an economic partnership agreement with the EU," he said.

Such an agreement would set a sound institutional basis for further cooperation in fields such as semiconductors and AI, Lai added.

"This would not only make both our economies more resilient and secure, but also ensure the stable operation of global supply chains."

Taiwanese investment in EU has been anchored by Taiwan Semiconductor Manufacturing Co (TSMC), which in August launched a major new chip plant in Dresden, Germany, expected to be a key supplier to European industry and automakers.

Maria Martin-Prat, deputy head of the European Commission's directorate general for trade, made no mention of signing such a deal with Taiwan in a video message to the investment event, though she did praise bilateral relations.

"Taiwan, a vibrant democracy with an open economy, is a trusted partner for us to promote our economic security," she said.

Taiwan has few free trade agreements, though last year it signed an Enhanced Trade Partnership with Britain and has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP.