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Saudi Arabia, US Enter Strategic Alliance to Establish Local Drone Infrastructure

The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.
The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.
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Saudi Arabia, US Enter Strategic Alliance to Establish Local Drone Infrastructure

The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.
The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.

The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed on Tuesday a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.

Ondas Holding is a leading provider of private industrial wireless networks and commercial drone and automated data solutions.

Saudi Excellence and Airobotics plan to jointly establish a local office in Saudi Arabia to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.

The companies will work together to develop and foster an ecosystem of technology and service providers across the Kingdom by employing local staff and working closely with local partners.

Following the announcement, Ondas shares increased 20 percent.

President of Saudi Excellence Sheikh Abdullah al-Meleihi said the partnership aims to provide sophisticated autonomous drone platforms to government and commercial customers in the Kingdom.

He told Asharq Al-Awsat: "There are significant projects in the Saudi market, and as the economy expands and diversifies, demand for next-generation technologies is growing."

"Together with Airobotics, we will provide high-value technical solutions while also training Saudi cadres to work in this field."

Meleihi indicated that both companies will work together to develop and enhance an ecosystem of technology and service providers across the Kingdom, as the initiative aims to support the vision of Saudi 2030, following the guidance and support of Prince, Mohammed bin Salman, Crown Prince and Prime Minister.

The drone market is growing continuously in all military sectors and security and civil uses, and it is one of the promising sectors in the Middle East region, said Meleihi, noting that Saudi Arabia was one of the first countries to localize the drone industry.

He asserted that Excellence plans to start manufacturing this aircraft type in the Kingdom and train Saudi cadres.

Moreover, he indicated that China's DJI controls more than 70 percent of the world's drone market, expecting the need to grow from $30.6 billion in 2022 to $55.8 billion by 2030.

The Chinese company was formed in 2006 out of a college dorm room by its founder Frank Wang selling flight control components to universities and Chinese electric companies.

CEO of Airobotics Meir Kliner expresses his pride in expanding the business in the region to Saudi Arabia and being recognized and chosen by Saudi Excellence as the leading provider of drone infrastructure.

Kliner said Vision 2030 and the country's economic transformation are creating significant opportunities for Airobotics in defense and civil markets.

"Together with the Saudi Excellence company, we look forward to implementing our state-of-the-art autonomous drone technologies across Saudi Arabia and localizing these efforts for the mutual benefit of our companies and society," said the official.

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Aljadaan: Emerging Markets Account for 70% of Global Growth

Al-Jadaan speaking to the attendees at the "AlUla Conference for Emerging Market Economies" (Asharq Al-Awsat
Al-Jadaan speaking to the attendees at the "AlUla Conference for Emerging Market Economies" (Asharq Al-Awsat
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Aljadaan: Emerging Markets Account for 70% of Global Growth

Al-Jadaan speaking to the attendees at the "AlUla Conference for Emerging Market Economies" (Asharq Al-Awsat
Al-Jadaan speaking to the attendees at the "AlUla Conference for Emerging Market Economies" (Asharq Al-Awsat

Saudi Minister of Finance Mohammed Aljadaan stressed Sunday that the world economy is going through a “profound transition,” saying emerging markets and developing economies now account for nearly 60 percent of the global Gross Domestic Product (GDP) in purchasing power terms and over 70 percent of global growth.

In his opening remarks at the AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the IMF in AlUla, the minister said these economies have become an increasingly important driver of global growth with their share of global economy more than doubling since 2010.

“Today, the 10 emerging economies in the G20 alone account for more than half of the world growth. Yet, they face a more complex and fragmented environment, elevated debt levels, slower trade growth and increasing exposure to geopolitical shocks.”

“Unfortunately, more than half of low income countries are either in or at the risk of debt distress. At the same time global trade growth has slowed at around half of what it was pre the pandemic,” Aljadaan added.

The Finance Minister stressed that the Saudi experience over the past decade has reinforced three lessons that may be relevant to the discussions at the two-day conference, which brings together a select group of ministers and central bank governors, leaders of international organizations, leading investors and academics.

“First, macroeconomic stability is not the enemy of growth. It is actually the foundation,” he said.

“Structural reforms deliver results only when institutions deliver. So there is no point of reforming ... if the institutions are unable to deliver,” he stated.

Finally, he said that “international cooperation matters more, not less, in a fragmented world.”

Business

Georgieva from AlUla: Growth Still Lacks Pre-pandemic Levels

Kristalina Georgieva speaking to attendees at the second edition of the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat)
Kristalina Georgieva speaking to attendees at the second edition of the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat)
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Georgieva from AlUla: Growth Still Lacks Pre-pandemic Levels

Kristalina Georgieva speaking to attendees at the second edition of the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat)
Kristalina Georgieva speaking to attendees at the second edition of the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Sunday that world growth still lacks pre-pandemic levels, expressing concern as she expected more shocks amid high spending and rising debt levels in many countries.

Georgieva spoke at the AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the IMF in AlUla.

The two-day conference brings together a select group of ministers and central bank governors, leaders of international organizations, leading investors and academics to deliberate on policies to global stability, prosperity, and multilateral collaboration.

Georgieva said that the conference was launched last year in recognition of the growing role of emerging market economies in a world of sweeping transformations.

“I came out of this gathering .... With a sense of hope for the pragmatic attitude and determination to pursue good policies and build strong institutions,” she said.

Georgieva stressed that “good policies pay off,” and said that growth rates across emerging economies reached four percent this year, exceeding by a large margin those of advanced economies that are around 1.5 percent.

Business

Saudi Arabia’s flynas, Syrian Civil Aviation Authority Partner to Launch 'flynas Syria'

The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
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Saudi Arabia’s flynas, Syrian Civil Aviation Authority Partner to Launch 'flynas Syria'

The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)

Saudi budget carrier flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name "flynas Syria," with operations scheduled to begin in the fourth quarter of 2026.

Saturday’s agreement comes within the framework of bilateral cooperation between Saudi Arabia and Syria, as well as the strategic investment agreements between the two countries, coordinated with the Saudi Ministry of Investment and the Syrian General Authority of Civil Aviation and Air Transport.

The new airline will operate commercial air transport services in accordance with approved regulations and standards, meeting the highest safety and aviation security requirements. All licensing and operational procedures will be completed in coordination with the relevant authorities.

The carrier will be established as a joint venture, with 51% ownership held by the Syrian General Authority of Civil Aviation and Air Transport and 49% by flynas.

The new airline will operate flights to several destinations across the Middle East, Africa, and Europe. This expansion aims to bolster air traffic to and from Syria, enhance regional and international connectivity, and meet growing demand for air travel.

"This step is part of our commitment to supporting high-quality cross-border investments. The aviation sector is a key enabler of economic development, and the establishment of 'flynas Syria' serves as a model for constructive investment cooperation,” said Saudi Minister of Investment Khalid Al-Falih.

“This partnership enhances economic integration and market connectivity and supports development goals by advancing air transport infrastructure, ultimately serving the mutual interests of both nations and promoting regional economic stability,” he added.

President of the Syrian General Authority of Civil Aviation and Air Transport Omar Hosari also stated that the establishment of flynas Syria represents a strategic step within a comprehensive national vision aimed at rebuilding and developing Syria's civil aviation sector on modern economic and regulatory foundations.

“This will be achieved while balancing safety requirements, operational sustainability, investment stimulation, and passenger services. The partnership reflects the state's orientation toward smart cooperation models with trusted regional partners, ensuring the transfer of expertise, the development of national capabilities, and the enhancement of Syria's air connectivity with regional and international destinations, in line with global best practices in the air transport industry."

flynas Chairman Ayed Al-Jeaid stated that the company continues to pursue strategies aimed at growth and international expansion, describing the agreement as a historic milestone in the company's journey and a promising investment model in partnership with Syria.

flynas CEO Bander Al-mohanna said the step represents a qualitative leap in the company's strategy and financial performance, highlighting the transfer of the company's low-cost aviation experience to the Syrian market to support regional and international air connectivity.

flynas currently operates 23 weekly flights from Riyadh, Jeddah, and Dammam to Damascus, including two daily direct flights from Riyadh, one daily flight from Jeddah, and two weekly flights from Dammam.

The airline made history on June 5, 2025, by adding the Syrian capital to its network, becoming the first Saudi carrier to resume scheduled flights to Damascus.