Boeing in talks with Riyadh Air for a ‘large number’ of narrowbody aircraft

Brendan Nelson, senior vice president of Boeing Global, expressed his company’s desire to work closely with the Kingdom to help the country achieve its tourism goals outlined in Vision 2030 (AN)
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Updated 21 June 2023
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Boeing in talks with Riyadh Air for a ‘large number’ of narrowbody aircraft

RIYADH: American aerospace firm Boeing is in talks with Saudi Arabia’s newly launched Riyadh Air for the possible purchase of narrowbody aircraft, a top official told Arab News on Tuesday.

Brendan Nelson, senior vice president of Boeing Global, expressed his company’s desire to work closely with the Kingdom to help the country achieve its tourism goals outlined in Vision 2030.

In an interview with Arab News on the sidelines of the Paris Air Show, Nelson said the American aircraft manufacturer is investing in Saudi Arabia to support its fast-developing aerospace sector.

“We’re in negotiations with the airline (Riyadh Air) in relation to a possible purchase of a large number of, what we call narrowbody aircraft, the 737 MAX family. And we’re very proud of this aircraft,” said Nelson.

According to the official, Boeing received 1,700 orders globally for 737 MAX over the past 36 months, and the company has already delivered 800 aircraft during the same period.




A Riyadh Air Boeing 787-9 Dreamliner is displayed at the Paris Air Show in Le Bourget, north of Paris on Tuesday. (AP)

He thanked Saudi Arabia for receiving an order of 121 Boeing 787 aircraft for Riyadh Air and Saudia.

“I have had meetings, along with other senior Boeing officials with the (Saudi) minister for transport, president of the General Authority Of Civil Aviation, and also the minister of investment. We discussed a range of joint initiatives and investments and the significance of the deals recently done with Riyadh Air and Saudia,” said Nelson.

He added: “Our vision is to connect, protect and explore the world and beyond and to connect people and families to one another.”

The official said the company seeks to introduce and connect Saudi culture with the rest of the world.

According to Nelson, Saudi Arabia’s tourism goals outlined in Vision 2030 can be materialized only with the availability of “reliable, high-quality and comfortable airplanes for people to travel.”

Saudi Arabia’s National Tourism Strategy aims to attract 100 million visitors by 2030, along with increasing the contribution of the tourism sector to gross domestic product to over 10 percent.

“We’re also exploring aerospace, metals, titanium, aluminum, chemicals, advanced plastics manufacture and components for aircraft and to help Saudi Arabia build an aviation ecosystem not only for today but more importantly for the future,” he said.

Nelson said that Saudi Arabia’s unique geographical location will play a crucial role in catalyzing its efforts to emerge as a sought-after tourism destination.

“So for us (it is important), not only working with the airlines but also (with) the leadership of the Kingdom of Saudi Arabia to provide aircraft that are modern, that are reliable and are able to take people long distances. From Riyadh, within eight hours flight, you’ve got 80 percent of the world’s population or 70 percent of the economic growth over the next decade will be within eigh hours flight of Riyadh,” he added.

Nelson further pointed out that Boeing has always been supportive of the localization efforts the Kingdom is making in different sectors, particularly in aerospace and defense. The official said the company currently employs more than 2,200 people in the Kingdom, with a majority of them being Saudis.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.