Passenger Transportation Services
Riyadh Air, Saudi Arabia's cargo airline, launches operations
Riyadh Air is owned by Saudi Arabia’s PIF?sovereign fund. On?Wednesday, Riyadh Cargo?operations were launched. The kingdom is attempting to implement its plan to diversify the economy, reduce dependence on oil revenues, and become a global logistic hub. Saudi Arabia is the world's largest oil exporter and has already completed more than half of its Vision 2030 plan. This plan calls for government investments in tourism, logistics, and other sectors. Riyadh Cargo said it would use more than 120 wide body aircraft ordered by Riyadh Air to connect global markets via the airline's hub in Riyadh. The statement said that Riyadh...