Bloomberg News

Saudis to Invest $53 Billion on Air Industry, Eqtisadiah Reports

May 02, 2012

Saudi Arabia plans to invest 200 billion riyals ($53 billion) during the next five years on its air transportation industry, al-Eqtisadiah said, citing Mohammed Jamjoom, vice-president for safety and licensing at the General Authority of Civil Aviation.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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