RIYADH: Saudi Arabia is considering building an airport in Riyadh, to serve as a base for a new airline the kingdom’s sovereign wealth fund is looking to launch as it targets a vast increase in tourist arrivals, Bloomberg reported citing people familiar with the matter.
The $430 billion funds said earlier this year it plans to invest in aviation to help capture the tourist boom envisioned by Crown Prince Mohammed Bin Salman.
The new airline, reported locally earlier this year, would serve tourists and business travelers, while Saudi national carrier would focus on religious tourism from its base in Jeddah, said the people, asking not to be identified due to the sensitivity of the matter.
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