Room for one more? Riyadh moves in on aviation market

The project aligns with a bid to remake the once closed-off kingdom as a business and tourism magnet, but analysts said that even with official backing, its path to success is complicated. — Bloomberg

RIYADH: Undeterred by a crowded Gulf market, Saudi Arabia is going all in on an aggressive aviation expansion with a massive jet order and the launch of a new national carrier.

The project aligns with a bid to remake the once closed-off kingdom as a business and tourism magnet, but analysts said that even with official backing, its path to success is complicated.