International airlines invest $1tr in fuel-efficient planes, says Boeing executive

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Updated 14 June 2022
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International airlines invest $1tr in fuel-efficient planes, says Boeing executive

RIYADH: International airlines have invested around $1 trillion in the last 10 years to reduce carbon emissions and cut dependence on traditional fuel, said a top Boeing executive.

“Boeing has invested $60 billion over 10 years in research and technology to build and design new products. Airlines have invested $1 trillion in a decade to buy these new fuel-efficient planes,” Brian Moran, the vice president of global sustainability policy and partnerships for Boeing, told Arab News on the sidelines of the Future of Aviation Forum in Riyadh.

Moran said sustainability has become even more important following the outbreak of the pandemic.

“The airlines agreed to reach net-zero emission by the middle of the century. My particular role was looking for new partnerships and supporting the customers on their journey to net-zero,” Moran explained.

One of the main themes at the forum was sustainability and reduction of carbon emissions as speakers from different companies highlighted the efforts of their firms to meet these targets in the future.


Royal Commission for AlUla, SURJ partner to develop sports sector 

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Royal Commission for AlUla, SURJ partner to develop sports sector 

RIYADH: The Royal Commission for AlUla has signed a memorandum of collaboration with SURJ Sports Investment to explore the development of sports programs and content in AlUla, evaluate opportunities for joint investment, and assess potential hosting of high‑quality sporting events, thereby strengthening AlUla’s position as a global destination for sport and major events.

The memorandum seeks to establish a framework for future collaboration in the field of sports investment, the activation of initiatives and programs related to hosting tournaments and events, and the exploration of opportunities within SURJ’s investment portfolio, in alignment with the commission’s strategic directions and in support of diversifying the sports landscape in the governorate.

The areas of cooperation include exploring opportunities to host and activate the Professional Fighters League MENA series in AlUla, developing tennis and polo, as well as cycling, athletics, and show jumping. 

This also includes assessing investment opportunities in complementary sports content, recovery and rehabilitation programs, training camps, and the attraction of international championships, contributing to the strengthening of AlUla’s presence on global sporting calendars.

The memorandum further provides for cooperation in evaluating and developing polo in AlUla, including studying the possibility of awarding multi-year hosting rights starting from 2027, in line with AlUla’s long-term vision for the development of equestrian and heritage sports.

The Royal Commission for AlUla and SURJ Sports Investment emphasized the importance of integration in developing year-round promotional and activation opportunities, and leveraging SURJ’s intellectual property rights and content, contributing to the establishment of a comprehensive, multi-sport ecosystem in AlUla that supports its economic and developmental objectives.

The commission reaffirmed its commitment to expanding its strategic partnerships and strengthening the role of the sports sector as a key driver of sustainable development, reflecting AlUla’s position as a leading destination for sporting and cultural events at both local and global levels.