Saudi carrier flynas expands reach with new base at Madinah Airport

CEO and Managing Director of flynas Bander Almohanna and the Managing Director of Tibah Airports Operations Co. Sofiene Abdessalem signing the agreement. (flynas)
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Updated 04 September 2023
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Saudi carrier flynas expands reach with new base at Madinah Airport

RIYADH: Saudi Arabia’s flag carrier flynas is set to become the sole low-cost airline operating from four bases within the Kingdom, following a recent agreement. 

In a significant development, flynas has inked a deal with Tibah Airports Operation Co. to establish its latest operations hub at Madinah Airport in line with its expansion and growth plans, according to a press release. 

This expansion also aligns with the goals outlined in the National Civil Aviation Strategy, which seeks to facilitate national air carriers in playing a pivotal role in connecting Saudi Arabia with the global aviation network. 

Additionally, it falls in parallel with the goals of the Pilgrims Experience Program, which aims to enhance access to the two holy mosques. 

Bander Al-Mohanna, CEO and managing director of flynas, said: “Our investment in the new operations center at Prince Mohammad Bin Abdulaziz International Airport in Madinah, which is our fourth center in the Kingdom, comes within the framework of enhancing our operational capabilities and diversifying our international and domestic destinations and routes.”  

He added: “The step is in accordance with our strategy for growth and expansion, and it confirms our confidence in the potential of the Saudi market and the ambitious national goals for the air transport sector.”  

The CEO also highlighted the expected job opportunities that this expansion will generate for locals, including ground crews, air cabin crews, and pilots.  

“It is expected that the domestic and international destinations and routes that will be linked to Madinah airport will begin operating at the end of the last quarter of the current year 2023, coinciding with taking delivery of new aircraft to further upscale flynas fleet,” Al-Mohanna added. 

Sofiene Abdessalem, managing director of Tibah Airports Operation Co., emphasized that this agreement solidifies the strong partnership between the two entities.  

It also aligns with Tibah Airports Operation Co.’s mission to bolster the capabilities of national carriers, attracting more pilgrims and visitors while expanding global and local destinations connected to Madinah Airport. 

Established in 2017, flynas has ever since transported more than 60 million passengers. 

In 2023, it received recognition as the world’s fourth-best low-cost airline and the best in the Middle East for the sixth consecutive year. 

With a fleet of 51 aircraft, flynas operates more than 1,500 weekly flights to over 70 domestic and international destinations. 


Reforms target sustained growth in Saudi real estate sector, says Al-Hogail

Updated 26 January 2026
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Reforms target sustained growth in Saudi real estate sector, says Al-Hogail

RIYADH: The Real Estate Future Forum opened its doors for its first day at the Four Seasons Riyadh, with prominent global and local figures coming together to engage with one of the Kingdom’s most prospering sectors.

With new regulations, laws, and investments underway, 2026 is expected to be a year of momentous progress for the real estate sector in the Kingdom.

The forum opened with a video highlighting the sector’s progress in the Kingdom, during which an emphasis was placed on the forum’s ability to create global reach, representation, as well as agreements worth a cumulative $50 billion

With the Kingdom now opening up real estate ownership to foreigners, this year’s Real Estate Future Forum is placing a great deal of importance on this new milestone and its desired outcomes and impact on the market. 

Aside from this year’s forum’s unique discussions surrounding those developments, it will also be the first of its kind to launch the Real Estate Excellence Award and announce its finalist during the three-day summit.

Minister of Municipalities and Housing and Chairman of the Real Estate General Authority Majed Al-Hogail took to stage to address the diverse audience on the real estate market’s achievements thus far and its milestones to come.

Of those important milestones, he underscored “real estate balance” as a key pillar of the sector’s decisions to implement regulatory tools “with the aim of constant growth which can maintain the vitality of this sector.” He pointed to examples of those regulatory measures, such as the White Land Tax.

On 2025’s progress, the minister highlighted the jump in Saudi family home ownership, which went from 47 percent in 2016 to 66 percent in 2025, keeping the Kingdom’s Vision 2030 goal of 70 percent by the end of the decade on track.

He said the opening of the real estate market to foreigners is an indicator of the sector’s maturity under the leadership of Crown Prince Mohammed bin Salman. He said his ministry plans to build over 300,000 housing units in Riyadh over the next three years.

Speaking to Arab News,  Al-Hogail elaborated on these achievements, stating: “Today, demand, especially local demand, has grown significantly. The mortgage market has reached record levels, exceeding SR900 billion ($240 billion) in mortgage financing, we are now seeing SRC (Saudi Real Estate Refinance Co.) injecting both local and foreign liquidity on a large scale, reaching more than SR54 billion”

Al-Hogail described Makkah and Madinah as unique and special points in the Kingdom’s real estate market as he spoke of the sector’s attractiveness.

 “Today, the Kingdom of Saudi Arabia has become, in international investment indices, one that takes a good share of the Middle East, and based on this, many real estate investment portfolios have begun to come in,” he said. 

Al-Ahsa Gov. Prince Saud bin Talal bin Badr Al-Saud told Arab News the Kingdom’s ability to balance both heritage sites with real estate is one of its strengths.

He said: “Actually the real estate market supports the whole infrastructure … the whole ecosystem goes back together in the foundation of the real estate; if we have the right infrastructure we can leverage more on tourism plus we can leverage more on the quality of life … we’re looking at 2030, this is the vision … to have the right infrastructure the time for more investors to come in real estate, entertainment, plus tourism and culture.”