LONDON: A company owned by Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy 10 H125 helicopters from Airbus as it broadens its tourism offering.
It is part of a plan by the Riyadh-based commercial operator The Helicopter Company (THC) to boost its fleet and roll out new services across the Kingdom “related to scenic tourism and aerial work such as filming, banner towing, and surveying.”
“THC has taken a massive step in expanding its fleet and implementing its ambitious operational plan,” said THC CEO Arnaud Martinez. “We are proud to be contributing to the advancement of Saudi Arabia’s tourism and aviation industries through our innovative air transport services that guarantee passengers a one-of-a-kind experience to relish the beauty of the Kingdom from above.”
Saudi Arabia is investing heavily in developing its tourism sector and last year started to issue tourism visas on arrival for the first time.
PIF unit buys 10 helicopters from Airbus in tourism push
https://arab.news/m4ma3
PIF unit buys 10 helicopters from Airbus in tourism push
- THC CEO Arnaud Martinez: THC has taken a massive step in expanding its fleet and implementing its ambitious operational plan
- Arnaud Martinez: We are proud to be contributing to the advancement of Saudi Arabia’s tourism and aviation industries through our innovative air transport services
Egypt-born Dina Powell McCormick appointed Meta president and vice chairman
- The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
- Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution
LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.
The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.
Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.
Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.
Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.
