Saudia to acquire 20 Airbus A321neo aircraft by 2026

The aircraft provides a new level of comfort, carrying 180 to 220 passengers in a conventional two-class interior configuration. Reuters/File
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Updated 01 August 2023
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Saudia to acquire 20 Airbus A321neo aircraft by 2026

RIYADH: As part of its drive to meet growing demand, the Kingdom’s national carrier Saudia plans to add 20 fuel-efficient Airbus A321neo aircraft to its fleet by 2026. 

The aircraft carry 180 to 220 passengers in a conventional two-class interior configuration, and is part of the A320 family — the world’s most widely used single-aisle aircraft family. 

Entering global services in 2016, the A320 family has saved 20 million tons of carbon dioxide by incorporating new fuel-efficient engines, cabin innovations, and wing tips known as Sharklets which reduce drag caused by lift.  

It was this ability to run on significantly less fuel that attracted the aircraft to Saudia.

“Our priority is to offer the best guest experience possible and to bring the world to Saudi Arabia, and we will continue to purchase state-of-the-art aircraft from the world’s top manufacturers to deliver on that promise,” CEO of Saudia Ibrahim Koshy said.  

He added: “We commend Airbus for continuously looking to improve the performance of their aircraft, which goes in line with Saudia’s ambition to provide the best guests experience possible while contributing to make aviation more sustainable.”  

The A320neo operate with a 20 percent decrease in fuel consumption and CO2 emissions compared to prior generation aircraft, as well as a 50 percent decline in noise footprint, a 5 percent drop in airframe maintenance costs, and a 14 percent cutback in cash operating expenses per sea.

The partnership between Saudia and Airbus aligns with the Saudi Aviation Strategy objectives, which aims to establish the Kingdom as a market leader in the sector by promoting customer satisfaction, boosting safety and fostering environmental sustainability.  

The strategy also supports Saudia’s plans for growth as the airline strives to welcome 330 million tourists to the Kingdom by 2030.  

The airline’s fleet, which includes models from Boeing and Airbus, has grown to a total of 140 aircraft in the first half of 2023.  

Furthermore, Saudia was placed 23rd in Skytrax’s list of the world’s top airlines for 2023, owing to the rapid expansion of its international network. 

The full-service airline rose 11 spots from last year’s ranking of 34, making it one of the region’s fastest-growing carriers. 

According to Saudia’s performance report released in July, over 13.7 million guests were transported on both domestic and international routes, recording a 24 percent growth in the first half of 2023, compared to the same period last year. 

The increase came through 85,400 flights, representing 6 percent growth, in addition to a 22 percent rise in flying hours to a total of 261,600 hours. 

International transported guests reached a total of 7.4 million in the first half of 2023, representing a 52 percent increase. 

Furthermore, the airline conducted 37,600 intenational flights, indicating a 30 percent expansion. 


Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

Updated 07 January 2026
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Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

RIYADH: Saudi Arabia’s sovereign wealth fund-backed developer, Diriyah Co., has signed a joint development agreement with Midad Real Estate Investment and Development Co. to construct the Four Seasons Diriyah Hotel and private residences. 

The partnership will strengthen collaboration between the two companies through the development of the luxury Four Seasons Diriyah, which will feature 159 rooms, alongside private Four Seasons residences, spanning approximately 235,000 sq. meters within Diriyah’s master plan. 

The project’s total value is projected at SR3.1 billion (approximately $827 million), encompassing both land acquisition and construction expenses. 

Midad is one of the Kingdom’s leading real estate developers, expanding its portfolio of high-end projects and maintaining numerous strategic partnerships with prominent global brands, reinforcing its reputation as a trusted name in luxury residential and hospitality development across Saudi Arabia. 

This partnership marks the first major collaboration between Diriyah Co. and Midad, supporting Diriyah’s plans to develop 40 luxury hotels across its two main projects: the 14-sq.-km Diriyah Project and the 62-sq.-km Wadi Safar Project, a premium destination that blends lifestyle, culture, and entertainment. 

Commenting on the agreement, Minister of Tourism and Secretary-General of Diriyah Co., Ahmad Al-Khatib, said: “The Kingdom continues to set new standards in developing tourism destinations, with Diriyah at the forefront.” 

He added that such partnerships enhance the world-class experiences Saudi Arabia offers and strengthen the Kingdom’s position as a leading destination in this sector. 

Diriyah Co. CEO Jerry Inzerillo commented that the Four Seasons Diriyah Hotel and Residences will be one of the Kingdom’s largest luxury hotels. 

“We are proud to announce this joint development with Midad, one of Saudi Arabia’s top real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to contribute to Diriyah’s transformative journey and confirms Midad’s confidence in the opportunities the project presents,” Inzerillo added. 

Midad CEO Abdelilah bin Mohammed Al-Aiban said: “This project is a pivotal milestone for our company, allowing us to bring the Four Seasons experience to one of the Kingdom’s most prominent heritage destinations.” 

He added: “We are excited to deliver a project that embodies design excellence, world-class service, and sustainable value, while contributing meaningfully to Saudi Arabia’s tourism, cultural, and economic ambitions.” 

The collaboration comes amid rapid progress on the SR236 billion Diriyah project, which has awarded construction contracts worth more than SR101.25 billion to date. 

Diriyah is expected to contribute approximately SR70 billion directly to the Kingdom’s gross domestic product, create more than 180,000 jobs, accommodate 100,000 residents, and host around 50 million annual visitors. 

The development will feature contemporary office spaces accommodating tens of thousands of professionals across technology, media, arts, and education, complemented by museums, retail destinations, a university, an opera house, and the Diriyah Arena.  

It will also offer a diverse selection of restaurants and cafes, alongside nearly 40 world-class resorts and hotels distributed across its two primary master plans.