Eight Decades of Excellence: Boeing’s Journey in the Kingdom

A Boeing 737 aircraft (Boeing)
A Boeing 737 aircraft (Boeing)
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Eight Decades of Excellence: Boeing’s Journey in the Kingdom

A Boeing 737 aircraft (Boeing)
A Boeing 737 aircraft (Boeing)

President Donald J. Trump’s recent visit to Saudi Arabia spotlighted the enduring ties between the Kingdom and the United States, a relationship built on shared interests in economic development, security, and technological progress, said Asaad AlJomoai, President of Boeing Saudi Arabia, in remarks to Asharq Al-Awsat.

According to AlJomoai, the visit reaffirmed the long-lasting strategic partnership between the two nations in critical areas including aviation and defense sectors, where Boeing is proud to have partnered with Saudi Arabia over the past eight decades.

From the first delivery of a Boeing DC-3 to the Kingdom in the 1940s, to the landmark 2023 order of 121 Boeing 787 Dreamliners, our relationship with the Kingdom reflects a deep, strategic alignment that has grown stronger with time, he said.

Fuelling a Bold Aviation Future

Today, our collaboration supports many aspects of Saudi Arabia’s Vision 2030 - a bold blueprint to diversify the economy, empower youth, and position the Kingdom as a global hub for connectivity and innovation, AlJomoai said.

Saudi Arabia is rapidly emerging as an aviation powerhouse, driven by record-breaking passenger growth, historic aircraft orders, and visionary infrastructure projects, he added.

AlJomoai highlighted that the launch of Riyadh Air, the Kingdom’s new airline, alongside the expansion of Saudia, signals a national commitment to building a globally competitive air transport sector; between them, Riyadh Air and Saudia have placed orders of up to 121 Boeing 787 Dreamliners.

This order will add to the 240 Boeing commercial airplanes that are already in operation across Saudi Arabia. Our partnerships also include leading lessors such as AviLease, which recently announced a direct purchase of 20 Boeing 737-8 passenger aircraft, with options for 10 more. With this agreement for up to 30 737-8s, AviLease becomes the first Saudi Arabian company to purchase the 737 MAX, AlJomoai noted.

These new airplanes will help advance Saudi Arabia’s sustainability targets and global connectivity ambitions, enabling service to over 100 destinations by 2030, and will be integral to aviation mega-projects including King Salman International Airport and the Riyadh Integrated Zone, he said.

Strengthening Local Talent and Industry

At the heart of Saudi Arabia’s aviation transformation lies a deep investment in people, innovation, and industrial capability, AlJomoai explained. The Kingdom is prioritizing advanced manufacturing, skills development, and technology - opening new doors for the next generation of Saudis to shape the future of aerospace, he added.

This momentum is already creating opportunities for a diverse and highly skilled workforce. Over the next 20 years, Boeing forecasts regional demand for nearly 250,000 aviation professionals, including 68,000 pilots, 63,000 aircraft technicians, and 104,000 cabin crew.

According to AlJomoai, meeting this demand will require a strong pipeline of local talent and a commitment to inspire and equip young people with the skills they need to lead.

At Boeing, we’re proud to contribute to this effort. One way we’re doing so is through ‘Pick Up Your Wings and Fly’, a regionally focused social media initiative designed to encourage young women to pursue careers in aerospace, AlJomoai said.

By featuring real stories from women across the aviation industry, the platform offers insight, inspiration, and practical guidance on education, training, and career development for Saudi women. The initiative was launched in Saudi Arabia this year in collaboration with our long-standing academic partner, Alfaisal University, he added.

Our partnership with Alfaisal University extends beyond this initiative, he noted. As a co-founding partner, Boeing provides engineering support, mentorship, and collaborates on hands-on projects such as designing a solar-powered vehicle for international competitions, helping equip students with the skills and experience to innovate on a global stage, AlJomoai affirmed. 

We also work closely with Princess Nourah bint Abdulrahman University (PNU), the world’s largest women’s university, to promote STEM education and create meaningful opportunities for young Saudi women, AlJomoai added. Through joint initiatives, academic support, and research collaboration, we’re helping open doors for future leaders in science, technology, and aerospace, he added.

Future-Focused: Innovation, Technology, and Digitalization

AlJomoai noted that as Saudi Arabia accelerates toward Vision 2030, innovation, technology, and digitalization are taking center stage in the transformation of its aerospace and defense sectors. The Kingdom is making significant strides in building an indigenous aerospace ecosystem - one that not only meets national needs but also contributes to regional and global technological advancement, he stressed.

Boeing plays an active role in supporting these ambitions through long-standing industrial partnerships, he added. This includes our joint venture with Saudi Arabian Military Industries (SAMI), which sustains and supports military rotorcraft, contributing to local capability in defense maintenance and logistics. We are also working with the Ministry of Investment of Saudi Arabia (MISA) to explore opportunities in manufacturing aviation-grade metals, as well as advanced plastics and resins, which are critical materials to support the Kingdom’s goal of developing a robust, local aerospace supply chain, said AlJomoai.

Our 15-year partnership with King Abdullah University of Science and Technology (KAUST) further underscores our commitment to innovation, AlJomoai said. Together, we’ve conducted research in areas such as artificial intelligence, advanced materials, computer modeling, solar energy, and industrial water treatment. This collaboration continues to support the Kingdom’s vision of becoming a global hub for research-driven innovation and technological leadership, he noted.

These efforts signal a broader transformation - moving from dependence on imported technologies to building homegrown capabilities and truly establishing Saudi Arabia as a global leader in aviation as both a travel and tourism hub, and as a center for aerospace design, advanced manufacturing, and digital innovation, he said.

Boeing is proud to have been an integral part of this transformation for the past 80 years, and we intend to be a trusted and dedicated partner to the Kingdom for many more years to come, AlJomoai concluded.



Türkiye's Central Bank Lifts 2026 Inflation Forecasts

Türkiye's Central Bank headquarters is seen in Ankara, Türkiye in this January 24, 2014 file photo. REUTERS/Umit Bektas
Türkiye's Central Bank headquarters is seen in Ankara, Türkiye in this January 24, 2014 file photo. REUTERS/Umit Bektas
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Türkiye's Central Bank Lifts 2026 Inflation Forecasts

Türkiye's Central Bank headquarters is seen in Ankara, Türkiye in this January 24, 2014 file photo. REUTERS/Umit Bektas
Türkiye's Central Bank headquarters is seen in Ankara, Türkiye in this January 24, 2014 file photo. REUTERS/Umit Bektas

Türkiye's central bank on Thursday increased its estimates for inflation as officials try to rein in soaring price increases that have weighed on the economy for years.

The official inflation rate is now seen falling to between 15 and 21 percent by the end of this year, up from a previous forecast of 13 to 19 percent.

"We have increased our forecast range because of better visibility on certain risks," the central bank's governor Fatih Karahan said in a statement, without further detail, Reuters reported.

The forecast would still be a sharp decline from the annual inflation rate of 30.7 percent in January, following years of interest rate hikes in a bid to slow runaway price increases.

However, the official figures are disputed by ENAG, a group of independent economists that publishes its own data every month, with the organisation saying year-on-year inflation stood at 53.4 percent in January.

Türkiye has experienced double-digit inflation since 2019, making life increasingly more expensive for millions of people, after President Recep Tayyip Erdogan ordered interest rate cuts in a bid to spur growth.

The cuts sent the lira plunging on currency markets, further fuelling inflation and leading Erdogan to reverse his unorthodox policy in 2023.

But in January the central bank cut its benchmark interest rate to 37 percent, citing a continued slowing of price increases.

 

 

 

 


Mawani Reports 2.01% Increase in Container Throughput for January 2026

Mawani Reports 2.01% Increase in Container Throughput for January 2026
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Mawani Reports 2.01% Increase in Container Throughput for January 2026

Mawani Reports 2.01% Increase in Container Throughput for January 2026

Ports overseen by the Saudi Ports Authority (Mawani) reported a 2.01% increase in container handling for January 2026, totaling 738,111 TEUs, up from 723,571 TEUs in January 2025. Transshipment containers rose significantly by 22.44%, reaching 184,019 TEUs compared to 150,295 TEUs the previous year.

However, the number of imported containers decreased by 3.23% to 284,375 TEUs, and exported containers dropped by 3.47% to 269,717 TEUs year-over-year, SPA reported.

Passenger numbers surged by 42.27%, totaling 143,566 passengers compared to 100,909 last year. Vehicle volumes increased by 3.31% to 109,097, and the ports received 886,908 heads of livestock, a 49.86% increase from the same period in 2025.

In terms of cargo tonnage, liquid bulk cargo rose by 0.28% to 14,102,495 tons, general cargo totaled 839,987 tons, and solid bulk cargo reached 4,263,168 tons. The total tonnage handled was 19,205,650 tons, reflecting a 3.04% decrease from the previous year. Vessel traffic recorded 1,121 ships, a slight decrease of 1.75%.

This increase in container throughput supports trade, stimulates the maritime transport industry, and enhances supply chains and food security. These achievements align with the National Transport and Logistics Strategy, reinforcing Saudi Arabia's position as a global logistics hub.

In 2025, Mawani ports achieved a 10.58% increase in total handled containers, reaching 8,317,235 TEUs, while transshipment containers for the year rose by 11.78% to 1,927,348 TEUs.


Oil Prices Edge Lower as IEA Reduces Demand Forecast

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
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Oil Prices Edge Lower as IEA Reduces Demand Forecast

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo

Oil prices slipped on Thursday as investors weighed the International Energy Agency's lowering of its global oil demand forecast for 2026 against potential escalation of US-Iran tensions.

Brent crude oil futures were down 19 cents, or 0.27%, at $69.21 a barrel by 1232 GMT. US West Texas Intermediate crude fell 8 cents, or 0.12%, to $64.55.

Global oil demand will rise more slowly than previously expected this year, the IEA said on Thursday while projecting a sizeable surplus despite outages that cut supply in January.

The Brent and WTI benchmarks reversed gains to turn negative after the IEA's monthly report, having derived support earlier from concerns over the US-Iran backdrop.

US President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday that they had yet to reach a definitive agreement on how to move forward with Iran but that negotiations with Tehran would continue.

Trump had said on Tuesday that he was considering sending a second aircraft carrier to the Middle East if a deal is not reached with Iran. The date and venue of the next round of talks have yet to be announced.

A hefty build in US crude inventories had capped the early price gains. US crude inventories rose by 8.5 million barrels to 428.8 million barrels last week, the Energy Information Administration said, far exceeding the 793,000 increase expected by analysts in a Reuters poll.

US refinery utilization rates dropped by 1.1 percentage points in the week to 89.4%, EIA data showed.

On the supply side, Russia's seaborne oil products exports in January rose by 0.7% from December to 9.12 million metric tons on high fuel output and a seasonal drop in domestic demand, data from industry sources and Reuters calculations showed.