Riyadh Air signs first sports sponsorship deal with Atletico de Madrid 

The airline is scheduled to begin operations in 2025, connecting the Kingdom’s capital to more than 100 destinations around the world by 2030. (File)
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Updated 12 August 2023
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Riyadh Air signs first sports sponsorship deal with Atletico de Madrid 

RIYADH: In a bid to affirm its presence in the minds of football fans across the world, Saudi Arabia’s newly launched airline Riyadh Air has signed a multi-year sponsorship deal with Spanish club Atletico de Madrid.  

As a part of the agreement, Riyadh Air will be the main sponsor and official airline partner of the club while the logo of the airline will be present on the team kits of the players. 

“We are delighted to welcome Riyadh Air as our new main sponsor of the club. This partnership signifies a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will elevate our club to new height,” said Miguel Ángel Gil, CEO of Atletico de Madrid. 

This is Riyadh Air’s first sports sponsorship contract since its launch on March 12, 2023, according to a press statement.  

The airline is scheduled to begin operations in 2025, connecting the Kingdom’s capital to more than 100 destinations around the world by 2030. 

“It is an incredibly exciting day for Riyadh Air as we enter into a long-term partnership with Atletico de Madrid, one of Europe’s greatest clubs, to become their main and official airline partner,” said Tony Douglas, CEO of Riyadh Air.  

He added: “We believe that this partnership is a perfect match, as both Riyadh Air and Atletico share a commitment to excellence and a passion for connecting people and cultures around the world. We look forward to working closely with our friends at Atletico de Madrid to deliver innovative and exciting experiences for football fans and travelers.”  

The launch of the new airline is a part of the Kingdom’s ambitious plans to become a global tourist destination by the end of this decade, aligned with its Vision 2030 goals.  

“We look forward to fostering strong strategic relationships within the wider aviation ecosystem as we continue to shape our new digitally native airline to become one of the world’s most sustainable and guest-centric carriers,” said Doughlas after the launch of the airline during the Paris Air Show.  

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


Saudi POS spending jumps 28% in final week of Jan: SAMA

Updated 06 February 2026
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Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors. 

POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity. 

Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million. 

Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million. 

Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million. 

Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week. 

The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week. 

In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.  

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.  

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.