Saudi Arabia
The airline was also among the top 10 low-cost airlines in the world
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
Heightened geopolitical risks, unresolved trade tensions and policy shifts have added several uncertainties to the oil market outlook
Key areas of cooperation include sharing expertise in low-carbon and sustainable aviation fuels
Non-oil sectors in the GCC are forecast to grow 4.1 percent this year, supported by strong domestic demand
The kingdom provides opportunities for global aviation investors, with the Saudi Aviation Strategy unlocking $100 billion in infrastructure projects
Riyadh's startup ecosystem had the most significant growth of any MENA ecosystem in the Top 100 Emerging ranking
The start-up airline now has up to 182 aircraft on order and will operate a three-type fleet with flights set to commence later in 2025
Analysts say a closure of the strategic route would likely send oil prices above $100
Saudi Arabia ranks among the lowest inflation rates in G20 countries
Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas
