This week, the CEO of Riyadh Air has announced that they will build a 'very large fleet’ during their expansion. With a narrowbody jet order and another large order set for the future to scale, Riyadh Air has already purchased 39 Boeing 787 jets, with a further option of 33 more.
In other news, Saudi Arabia is looking to increase its water security through a restructuring of the Saline Water Conversion Corporation. The new organisational framework will look to meet the National Water Strategy, which aligns closely with the goals in Vision 2030.
Economy, Budgets and Finance
Al Arbiya: Saudi Arabia posts budget deficit of $3.30 billion in Q1 2024, ministry says. Read here
Saudi Gazette: Al-Samaani: Saudi Arabia is going through a phase of major legislative reforms led by Crown Prince. Read here
Arab News: Saudi Arabia transforms SWCC into water authority to boost security. Read here
NEOM: NEOM announces Jaumur, a cosmopolitan marina community. Read here
Government and Royal Family
Saudi Gazette: Saudi Arabia, Japan discuss way to grow digital economy and innovation. Read here
Saudi Gazette: Saudi Arabia bolsters digital government ties with the UK. Read here
Asharq Al Awsat: Saudi-Canadian education partnership forum enhances bilateral ties in Riyadh Read here
Defence and Security
The New Arab: Why a US-Saudi defence pact is off the table for now. Read here
Arab News: Red Wave-7 naval drill kicks off in Saudi Arabia. Read here
Commercial
Al Arabiya: Riyadh Air teases follow-up aircraft orders ahead of 2025 debut. Read here
Al Arabiya: Saudi Arabia’s transformation from oil to green energy. Read here
Arab News: European Chamber of Commerce opens in Riyadh. Read here
Social
Saudi Gazette: JAX District earns industrial heritage site designation in Saudi Arabia. Read here
Al Arabiya: Saudi Arabia to open Middle East’s largest water park with record-breaking rides. Read here
Saudi Gazette: Ejar: Tenants must pay property guarantee while documenting rental contract. Read here
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