Saudi Arabia to acquire 4 Airbus A330 MRTTs to boost air capabilities

The A330 MRTT is a new-generation tanker and transport aircraft, holding a 90 percent market share globally outside the US. Airbus
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Updated 10 July 2024
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Saudi Arabia to acquire 4 Airbus A330 MRTTs to boost air capabilities

RIYADH: Saudi Arabia is set to bolster its air capabilities with four additional Airbus A330 MRTTs, aimed at enhancing the Royal Saudi Air Force’s critical refueling and transport operations. 

The initial Multi Role Tanker Transport aircraft from the order will undergo modification starting in early 2026 to fit its intended role, with all four expected to be operational by 2027, the company said in a press release. 

This aligns with the Kingdom’s goal of strengthening its defense sector, emphasizing localization as a top priority, with Saudi Arabia targeting to domesticate 50 percent of its defense spending by 2030. 

Saudi Arabia’s aviation sector is also expanding significantly, supported by investments worth billions of dollars under its Vision 2030 plan aimed at diversifying the economy away from fossil fuels and boosting the private sector.  

“This is the third contract signed by Saudi Arabia for the A330 MRTT, making the RSAF one of the largest MRTT operators in the world,” said Jean-Brice Dumont, head of air power at Airbus Defense and Space. 

Additionally, the contract includes a logistics support package covering spare parts, training services, and service support for the four new aircraft. 

The A330 MRTT is a new-generation tanker and transport aircraft, holding a 90 percent market share globally outside the US, with 82 orders from 15 countries across Europe, Asia, the Americas, and Oceania. 

All RSAF A330 MRTTs feature hose and drogue pods, a boom system, and refueling receptacles that enable refueling from boom-equipped tankers. 

In a post on X, Walid Abukhaled, CEO of SAMI, said: “This agreement signed by the Ministry of Defense with Airbus to transfer the technology and knowledge of ‘Airbus A330 MRTT,’ the aerial refueling transport aircraft, to the Kingdom through our joint venture, SAMIAirbus, is a step-in support of our efforts to improve the Saudi defense industries and achieve Saudi Vision2030’s objectives to localize our defense spending.”  

Airbus entered into an industrial participation agreement with the General Authority for Military Industries in January, supporting Vision 2030’s goal of diversifying the economy through regional industrial development. 

This agreement also includes technology transfer and knowledge sharing of the RSAF A330 MRTT to local firms. SAAMS, a joint venture of Saudi Arabian Military Industries and Airbus, will lead local industrialization efforts, the release added. 

In February, during the World Defense Show in Riyadh, Saudi Arabia’s Ministry of Defense signed 17 contracts and two memorandums of understanding with local and global companies aimed at enhancing the Kingdom’s armed forces’ military readiness, strengthening their capabilities, and improving combat efficiency.


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.