Kuwait Airways plans to expand its network with 20 new routes in 2023  

The airline will operate its flights, starting in June to Budapest in Hungary with two flights per week to Malaga in Spain. (Shutterstock)
Short Url
Updated 05 February 2023
Follow

Kuwait Airways plans to expand its network with 20 new routes in 2023  

RIYADH: Kuwait Airways plans to launch 20 new destinations in 2023, including a number of new cities to its winter schedule, as the airlines moves towards diversifying its network around the world, revealed the company’s top official. 

"The company is preparing accurate studies on the feasibility of these markets and destinations, as well as the extent of customer demand for them,” said Shorouk Al-Awadhi, director of Distribution and Network Planning at Kuwait Airways. 

The airline will operate its flights, starting in June to Budapest in Hungary with two flights per week to Malaga in Spain, three flights per week to Sarajevo in Bosnia, and two flights per week to Mykonos in Greece.  

She revealed that this is in addition to their flights to Athens in Greece with one flight per week to Vienna in Austria, three flights per week to Nice in France, and two flights per week to Antalya in Turkey.  

Operations to Trabzon in Turkey will include three flights per week to Bodrum in Turkey, three flights per week to Sharm El Sheikh in Egypt, and three flights per week to Salalah in Oman. 

“The company will also operate its flights to Izmir in Turkey from April with three flights per week on Tuesdays, Thursdays, and Sundays, and will be launching its flights to Alexandria in Egypt starting from March with three flights per week on Mondays, Fridays, and Sundays,” she explained. 

This comes as Kuwait Airways has included a number of new cities to its winter schedule, commencing from October, such as Barcelona in Spain, Berlin in Germany, Abha, Al-Ula, Taif and Al-Qassim in Saudi Arabia. 


Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

Updated 10 March 2026
Follow

Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

RIYADH: The King Salman Park Foundation has secured more than $3.8 billion in new private-sector commitments at the MIPIM 2026 real estate conference, including a landmark $3 billion fund backed by international investors to develop a major mixed-use district in the heart of Riyadh.

According to a press release, the announcements bring total committed investment in the 17.2 sq. kilometers urban regeneration project to over $5.3 billion across five major packages.

Launched in 2019 under Saudi Vision 2030, the development is designed to be the world’s largest city park and aims to boost green space, improve quality of life, and feature over 1 million trees and extensive leisure facilities.

A $3 billion metro-connected district

The largest of the two packages, designated Package 5, will see a consortium led by Kolaghassi Development Co. deliver a residential-led district with a total built-up area exceeding 1 million sq. meters. 

It will provide approximately 3,700 residential units, a K–12 school, around 300 hospitality keys and more than 100,000 sq m of Grade A office space alongside a wide variety of retail and dining offerings.

The development is supported by a Saudi-domiciled, Capital Market Authority-regulated fund managed by Mulkia Investment Co. that has attracted leading investors from the Kingdom and across the world.

Kolaghassi Development Co. will lead the project alongside Al Othaim Investment, one of the Kingdom’s real estate players, and RXR, a New York-headquartered real estate investor and operator.

“Securing investment of this scale, supported by international capital and expertise, is an important milestone for King Salman Park,” said George Tanasijevich, CEO of King Salman Park Foundation. 

$850 million cultural district package

In a separate announcement, the Foundation confirmed the award of Package 4 to a consortium led by Retal Urban Development Co., with support from a fund managed by SAB Invest.

The project has a total value exceeding $850 million and will host more than 600 residential units, over 140 hotel keys, and almost 50,000 sq m of Grade A office space, alongside curated retail and food and beverage experiences.

“This opportunity reflects the maturity of Saudi Arabia’s real estate investment landscape and our confidence in culture-led, mixed-use urban destinations as a driver of sustainable returns,” said Abdullah Al-Braikan, CEO and founder of Retal Urban Development Co.

Ali Al-Mansour, CEO of SAB Invest, said the fund structure brings together “long-term capital, experienced development partners, and a shared commitment to place-making excellence” while contributing to Riyadh’s cultural vibrancy and the Kingdom’s quality-of-life ambitions under Vision 2030.