Saudi Arabia’s King Abdulaziz Int’l Airport Launches First Hainan Airlines Flights

The new service will operate three times per week, positioning the airport as the first in the Kingdom to offer direct connectivity to Haikou. (SPA)
The new service will operate three times per week, positioning the airport as the first in the Kingdom to offer direct connectivity to Haikou. (SPA)
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Saudi Arabia’s King Abdulaziz Int’l Airport Launches First Hainan Airlines Flights

The new service will operate three times per week, positioning the airport as the first in the Kingdom to offer direct connectivity to Haikou. (SPA)
The new service will operate three times per week, positioning the airport as the first in the Kingdom to offer direct connectivity to Haikou. (SPA)

Saudi Arabia’s King Abdulaziz International Airport in Jeddah welcomed on Saturday the inaugural flight of China’s Hainan Airlines, marking the launch of the first direct route between Jeddah and the Chinese city of Haikou.

The new service will operate three times per week, positioning the airport as the first in the Kingdom to offer direct connectivity to Haikou.

The launch of this route boosts air traffic between Saudi Arabia and China, reinforcing King Abdulaziz International Airport’s growing role as a global logistics hub and expanding the Kingdom’s direct air links with China.

The inaugural flight was received by Chief Executive Officer of Jeddah Airports Company Eng. Mazen bin Mohammed Johar; Consul General of the People’s Republic of China in Jeddah Wang Qimin; and several officials from the Saudi Tourism Authority, the Saudi Air Connectivity Program, and various government and security sectors operating at the airport.

Hainan Airlines, ranked among the world’s top ten airlines by Skytrax, brings a new level of service to the airport. Its entry is expected to boost the quality of air travel services and contribute to providing a superior travel experience.

Chief Executive Officer and Board Member of the Saudi Tourism Authority Fahd Hamidaddin commented: “We are proud of our strategic partnership with Hainan Airlines and look forward to expanding this collaboration through targeted initiatives and promotional campaigns led by the Saudi Tourism Authority.”

The number of Chinese visitors to the Kingdom grew by 52 percent compared to last year, and that air connectivity between the two countries now includes six airlines operating 29 weekly flights. The Kingdom aims to attract five million Chinese tourists annually by 2030, he added.

Johar stated: “This significant milestone aligns with our strategy to increase the number of international destinations served by King Abdulaziz International Airport to 150 by 2030, in line with the National Aviation Strategy and Vision 2030.”

Integrating Hainan Airlines into the airport’s network strengthens Saudi–China air connectivity and supports infrastructure and service expansion efforts to meet growing global travel demand, he remarked.

CEO of the Saudi Air Connectivity Program Majid Khan described the occasion as an important step toward boosting the Kingdom’s global connectivity. “Welcoming Hainan Airlines in Jeddah reflects growing demand for travel between Saudi Arabia and China and helps foster tourism, cultural exchange, and economic ties,” he said.

He underlined the role of Minister of Tourism Ahmed Al-Khateeb, who also oversees the Air Connectivity Program, in positioning Saudi Arabia as an approved and attractive destination for Chinese tourists. The Chinese market is targeted to become the Kingdom’s third-largest source of inbound tourism by 2030.

The development is part of the ongoing efforts by the General Authority of Civil Aviation to strengthen international air connectivity and expand the Kingdom’s air transport network. It also supports Vision 2030’s broader objective to establish Saudi Arabia as a leading global logistics platform and open new horizons for travel and trade.



Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)
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Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)

Saudi Arabia’s Public Investment Fund has fully allocated the proceeds of its green bond issuance, directing $9 billion to eligible projects, in a move that highlights the sovereign wealth fund’s growing role in shaping a more sustainable future and delivering lasting positive impact worldwide.

According to a recent report issued by the Public Investment Fund, reviewed by Asharq Al-Awsat, the expected impact of the fund’s eligible green projects includes generating 427 megawatts of renewable energy, avoiding emissions equivalent to 5.1 million tons of carbon dioxide, and treating 4 million cubic meters of wastewater.

The Public Investment Fund aims to establish itself as an active participant in global debt markets, while also fostering the development of a dynamic domestic market. This would enable the fund to access short- or long-term liquidity through a diverse range of financing instruments.

Financing strategy

The fund’s capital markets program aims to further strengthen its financing strategy and execution capabilities, both at the level of the Saudi sovereign wealth fund and across its portfolio companies, while enabling deeper engagement with global and local debt markets.

The program will also support expanding the fund’s capacity to raise debt and deploy it as a source of investment financing, in line with its overall funding strategy. This approach is designed to instill greater discipline in cash flow management and enhance returns on equity for the fund and its portfolio companies.

The green bond issuance will provide the fund with access to a broader pool of investors who prioritize environmental, social, and governance considerations in their investment decisions. It will also allow investors to diversify their portfolios through green assets, a step expected to help accelerate the pace of green investment globally.

Climate change

The fund has taken concrete steps to advance governance and policy, focusing on sustainability, and is a founding member of the One Planet Sovereign Wealth Funds initiative. This international platform aims to accelerate the integration of climate change considerations into asset management decisions and investment opportunities.

As an investment vehicle, the Public Investment Fund operates through acquiring stakes in companies aligned with its mandate, including ACWA Power and Lucid.

It has also established the Saudi Investment Recycling Company, a leader in waste management and recycling, manages the National Energy Services Company, Tarshid, and supports the creation of a voluntary carbon market in the Middle East and North Africa.

These efforts aim to strengthen Saudi Arabia’s position as one of the world’s most energy-efficient countries.

The green bond issuance will finance tangible projects on the ground, helping to accelerate the green transition and advance the Kingdom’s core targets of achieving net zero emissions by 2060 and generating 50 percent of electricity consumption from renewable energy sources by 2030.

This forms a key pillar of the renewable energy program implemented by the fund, which involves developing 70 percent of renewable power generation capacity.


Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

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

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.


Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.