Connect with us

News

Riyadh Air Makes Multi-Billion Dollar Deal With Boeing

The investment will see the Saudi Arabian airline take delivery of up to 72 aircraft.

Published

on

riyadh air makes multi-billion dollar deal with boeing
Boeing

Saudi Arabia’s Riyadh Air, the airline backed by the county’s Public Investment Fund, has ordered up to 72 Boeing 787-9 Dreamliner aircraft in a multi-billion dollar deal.

The order is unprecedented for a new airline and highlights Saudi Arabia’s ambition to become a major aviation hub.

tony douglas ceo of riyadh airlines

The order comprises 39 confirmed aircraft plus another 33 wide-bodied 787-9 Dreamliners. It comes as Saudi Arabia’s national carriers announced their intent to order up to 121 aircraft in total, representing the fifth-largest commercial order by value in Boeing’s history.

The huge Boeing order will help to shuttle a projected 330 million passengers by 2030. His Excellency Yasir Al-Rumayyan, Governor of the PIF and Chairman of Riyadh Air, applauded the move, saying, “This is a momentous day for PIF and Riyadh Air, and highlights our determination to significantly extend Saudi Arabia’s connectivity with the world”.

Also Read: Robots Are Coming To Dubai Airport For Speedier Check-Ins

Riyadh Air is a digital-first airline committed to sustainability, in line with Saudi Arabia’s Vision 2030 toward net zero emissions. The Boeing 787-9 Dreamliner is manufactured to achieve lower CO2 emissions, greater fuel efficiency, and pass stringent noise regulations.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 23K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

LUVED Is A New Curated Preloved Marketplace For The UAE

Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.

Published

on

luved is a new curated preloved marketplace for the uae

Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.

The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.

Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.

An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.

Also Read: Logitech’s New Folding Mouse Is Designed For Work On The Go

“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.

The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.

Continue Reading

#Trending