NasJet has announced the addition of a Gulfstream G450 Executive Jet to its fleet on management. With 13 years of operational excellence in luxury aviation, NasJet was a natural choice for the G450 owner. The aircraft will now be based in the UAE, where it will be available for both private charters, while also maintained and at the disposal of its owner.
The new addition to the fleet, marks further growth to what is already the largest Gulfstream operation in region. NasJet currently manages the largest fleet of Gulfstream aircraft in the Middle East, maintained and operated at the highest standards of service and safety in the industry.
The amount of aircraft, many of which are directly owned by NasJet, allows NasJet to provide UAE clients with immediate confirmations on availability. Its capacity to fly anywhere in the world, at any time makes it a luxury aviation company of choice for many of the regions VIP clients.
The G450 has a seating capacity of 14 seats, and is one of the most sought after long range luxury jets boasting the ability to fly to anywhere in Europe and most of the destinations in the Far East and Africa.
NasJet-the largest private jet company in the Middle East and one of the top 20 in the world, announces revenues exceeding SR 500 million for 2012. Despite the continued political instability in the region and high oil prices, NasJet has seen revenue improve by 6 percent for 2012 with an expected increase of 20 percent for 2013.
NasJet is the only operator in the Middle East offering a complete range of services including aircraft sales, completions, management, flight support, fractional and charter. The company employs over 300 aviation experts of which 120 include full-time pilots based at the Riyadh headquarters and has office in Dubai, UAE.
Gulfstream G450 boosts NasJet’s fleet
Gulfstream G450 boosts NasJet’s fleet
25,000 attend Social Development Bank’s DeveGO25 forum
The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond.
The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.
Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts.
The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies.
The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment.
The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development.
The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored.
It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track.
In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.
As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs.
This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.
The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts.
The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.
