Worth $4 Billion.. Riyadh Air Orders 60 Airbus Aircraft
Riyadh Air's deal with Airbus reflects the kingdom's ambition to expand its aviation sector and strengthen its position as a regional air transport hub
October 30, 2024, 7:36 pm

Worth $4 Billion.. Riyadh Air Orders 60 Airbus Aircraft

إيرباص

Riyadh Air, the kingdom's newest airline, has acquired 60 Airbus A321 narrow-body aircraft, preparing for its operations launch in 2025.

The company finalized the deal during the Future Investment Initiative forum in Riyadh, bringing its total orders to 132 aircraft, following its previous order of 39 Boeing 787 Dreamliners with an option for 33 additional aircraft last year.

Estimates by Cirium Ascend consultancy indicate that the financial value of the deal approaches four billion dollars after calculating usual discounts, while the company has not announced the exact financial details.

An official spokesperson for Riyadh Air stated that aircraft deliveries will begin in the second half of 2026, in what is described as an exceptional timeline given the congested production lines and Airbus having sold most of its models until the end of the current decade.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”