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NEOM and SAUDIA Offer Regular International Flights from NEOM Bay Airport

NEOM Bay Airport. (SPA)
NEOM Bay Airport. (SPA)
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NEOM and SAUDIA Offer Regular International Flights from NEOM Bay Airport

NEOM Bay Airport. (SPA)
NEOM Bay Airport. (SPA)

NEOM and SAUDIA Airlines announced on Monday a strategic partnership to begin offering weekly international flights to selected destinations from NEOM Bay Airport (NUM), marking the inauguration of commercial services at the airport.

SAUDIA will operate direct flights to selected regional and international destinations. SAUDIA will also begin with weekly flights to Dubai International Airport by the end of June 2022, with plans to expand to London soon thereafter.

Aircraft traveling to the selected destinations will have a joint NEOM-SAUDIA livery, showcasing the NEOM brand to the world.

NEOM sits at the crossroads of three continents, with 40% of the world accessible within a four-hour flight.

NEOM’s mobility strategy will see the further evolution of air travel to NEOM in the coming years, supporting its vision to shape the future of air mobility through seamless and customer-centric connectivity, rooted in cutting-edge technology.

Director General of SAUDIA Ibrahim Al-Omar said: “This partnership is in line with SAUDIA’s ambition to support Saudi Vision 2030 by increasing passenger traffic domestically and regionally, as well as expanding our connections to global destinations.”

“As NEOM continues to progress, demand for travel to there is only increasing, making it a natural addition to our list of destinations.”

Chief Executive Officer of NEOM Nadhmi Al-Nasr said: "NEOM Bay Airport is a key enabler of NEOM’s development, facilitating efficient access to NEOM for residents and business partners, and drastically improving the ease with which NEOM can connect with people from all over the world.”

“This is an exciting step in our journey to provide the best possible air connectivity to NEOM and a signal of our rapid growth.”

Increasing direct connectivity to NEOM is an important step in promoting the further development of the ambitious giga-project, which is being completed by an impressive team of local, regional and international experts. NEOM currently has over 1,500 employees representing over 65 nationalities, and numerous business partners from all over the world.

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Saudi Arabia to Host World Investment Conference on November 25-27

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi Arabia to Host World Investment Conference on November 25-27

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

Under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the World Association of Investment Promotion Agencies (WAIPA) and Invest Saudi will hold the 28th annual World Investment Conference (WIC) in Riyadh from November 25 to 27.

The event will gather global leaders in investment, government, and international organizations to tackle the theme “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities”.

On the occasion, Saudi Minister of Investment Khalid Al-Falih said: “Under the wise leadership of Custodian of the Two Holy Mosques King Salaman bin Abdulaziz Al Saud and Crown Prince Mohammed, the Kingdom, driven by its ambitious Vision 2030, has become a premier world investment destination and is experiencing unprecedented growth in overall investment amounts and diversity.”

This year’s World Investment Conference in Riyadh “will be a platform for sharing our nation’s strategic vision with our partners, and an invaluable opportunity to highlight our status as a trusted partner for sustainable economic growth,” he added.

“We look forward to welcoming investment leaders from around the world to forge partnerships that will benefit both the Kingdom and global economies,” he stressed.

Vision 2030 has driven significant economic reforms in Saudi Arabia, attracting substantial foreign investment. Over 28,900 foreign investment licenses have been issued, reflecting the Kingdom's transformation into a major global investment hub.

Key factors contributing to this growth include 100% foreign ownership in specific sectors, streamlined commercial register procedures, simplified visa issuance, and other investor-friendly initiatives that have created a favorable and appealing environment for investors in various sectors, including renewable energy, logistics services, and AI.

The Kingdom's attractive investment landscape has also facilitated the development of a dynamic economy that leads in innovation and growth.

WAIPA Executive Director and CEO Ismail Ersahin said: “WAIPA is excited to bring the 28th WIC to Riyadh, a city that perfectly embodies the future of investment. The conference will provide a crucial platform for Investment Promotion Agencies and investors to discuss emerging opportunities in a rapidly evolving global landscape.”

“We deeply appreciate Saudi Arabia’s vision and leadership, which will ensure that this edition of WIC is an impactful gathering for all participants,” he remarked.

Key highlights of this year’s WIC are a range of conference tracks, such as high-level dialogues with government ministers, insightful sessions on technology, sustainability, and economic cooperation, as well as practical masterclasses for investment professionals, a dedicated entrepreneurship track that will emphasize the transformative role of startups and innovators, and exclusive matchmaking sessions that will facilitate strategic partnerships between investors, SMEs, and potential collaborators.

Participants will also have the opportunity to celebrate the achievements of Investment Promotion Agencies on the Awards Track, honoring innovation and excellence in investment facilitation.

This year’s WIC promises to be a pivotal forum as it aligns with global investment drivers: the disruptive influence of technology and AI, global supply chain resilience, energy transition toward sustainability, and the transformative role of entrepreneurs and startups in reshaping investment landscapes traditionally led by multinational corporations.

Leaders and stakeholders will discuss and explore how these factors are redefining economies and driving forward-looking investment models worldwide.

With its focus on scaling investment opportunities, WIC is designed to equip attendees with the tools, knowledge, and connections necessary to drive meaningful economic impact.