The latest on Saudi Arabia

Feb 20, 2024 / Bloomberg

Abu Dhabi Considers Buying Stake in London’s Heathrow Airport

Mubadala Investment Co., based in Abu Dhabi, is in discussions to acquire a stake in London's Heathrow Airport, potentially joining forces with other major Gulf investors such as the Saudi Public Investment Fund and Qatar Investment Authority.

Feb 18, 2024 / mideastspace.substack.com

Saudi Space Agency Space Debris Conference Concludes

Key industry players at the concluded Space Debris Conference endorsed collaborative efforts for enhanced space monitoring and the pursuit of orbital sustainability.

Feb 12, 2024 / Aviation Week

Saudi Arabia Defense Spend Rises, Scope For More Increases

Following Riyadh's fiscal announcement, experts are evaluating the implications of a 3.9% increase in defense spending, taking into account three determining factors for potential additional hikes this year.

Feb 11, 2024 / satelliteprome.com

Space Debris Conference kicks off in Riyadh

In a collaborative effort to address space debris challenges, Saudi Arabia's Space Agency spearheads a landmark conference with UNOOSA and national stakeholders.

Jan 16, 2024 / Bloomberg

Heathrow Deal With Saudis to Bring New Owners for 60% of Airport

A consortium involving Saudi Arabia's sovereign wealth fund is set to acquire a substantial stake in Heathrow, signaling a potential overhaul in the airport's ownership structure, with 60% of the UK hub's equity poised for sale.

Dec 28, 2023 / Aviation Source

Jet Propulsion Center Inaugurated by Saudia Technic

Enhancing its MRO capabilities, Saudia Technic has unveiled a new Jet Propulsion Center, aiming to position Saudi Arabian Airlines at the forefront of aerospace engineering and services.

Dec 22, 2023 / AeroTime

flynas is preparing for a 2024 IPO

Saudi Arabian low-cost carrier flynas gears up for a 2024 IPO, enlisting heavyweights Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for financial consultancy.

Dec 20, 2023 / Aviation Source

Riyadh Air needs 20,000 Staff by 2030

Riyadh Air announced during the SAE2023 event a robust recruitment drive to hire 20,000 staff members over the next seven years to support its operational growth.