logo
Riyadh Air and Air France-KLM sign Memorandum of Understanding (MoU) to establish strategic cooperation and expand global connectivity

Riyadh Air and Air France-KLM sign Memorandum of Understanding (MoU) to establish strategic cooperation and expand global connectivity

Post Views: 36
Riyadh Air and Air France-KLM signed a Strategic Cooperation Memorandum of Understanding (MoU), marking a significant step forward in global connectivity for guests traveling between Riyadh, Paris, Amsterdam, and destinations far beyond. The MoU, signed at the 2025 IATA Annual General Meeting by Tony Douglas CEO Riyadh Air and Benjamin Smith CEO of Air France-KLM Group, sets the foundation for a dynamic partnership. Subject to regulatory approvals, the collaboration aims to gradually introduce a wide range of benefits for guests and to unlock new opportunities across Western Europe, North and South America, the Middle East, Asia, and the Kingdom of Saudi Arabia.
This strategic partnership will focus on strengthening network connectivity, with both partners working together to maximize future opportunities through Riyadh Air's hub in the capital of Saudi Arabia and Air France-KLM's Paris-Charles de Gaulle and Amsterdam-Schiphol airport hubs. The recent launch of Air France's Paris Charles de Gaulle–Riyadh service, alongside KLM's established Amsterdam–Riyadh operations, reflects the shared commitment to expanding travel options for guests.
Beyond route connectivity, Riyadh Air and Air France-KLM will collaborate to enhance the guest experience, exploring opportunities in reciprocal loyalty program rewards, operational support, and lounge access. The partnership also extends to areas such as Maintenance, Repair and Overhaul (MRO), digital transformation, sustainability, and cargo services—ensuring a comprehensive approach to delivering value.
Tony Douglas, CEO of Riyadh Air, commented, 'We are dedicated to connecting Riyadh to the world, and partnering with Air France-KLM – a leader in global aviation, will accelerate bringing to life our vision to deliver exceptional experiences and the realization of our long-term vision: to redefine air travel through innovation, operational excellence, and guest-centric services. This partnership not only strengthens our international network but also reinforces confidence in our growth trajectory and our role in supporting Saudi Arabia's broader economic diversification goals under Vision 2030.' Benjamin Smith, CEO of Air France-KLM Group, added 'Saudi Arabia is rapidly emerging as a key market for aviation. With our three brands, Air France, KLM and Transavia now serving the country, and with this new agreement with Riyadh Air, we aim to continue increasing our footprint in the region. We look forward to combining our networks and expertise with Riyadh Air, and to offer our mutual customers more choice and convenience. This cooperation is complementary to our SkyTeam partner in the region.
As Riyadh Air embarks on its journey to become a leading global carrier, this partnership with Air France-KLM underlines a bold commitment to excellence, innovation, and exceptional guest experience.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Madinah Regional Municipality and DeepMinds launch Madinah Venture Studio
Madinah Regional Municipality and DeepMinds launch Madinah Venture Studio

Zawya

time12 hours ago

  • Zawya

Madinah Regional Municipality and DeepMinds launch Madinah Venture Studio

Madinah, Saudi Arabia: In a strategic move that reflects the leadership of the Madinah Regional Municipality and its responsiveness to the challenges of modern cities, the Municipality, in partnership with DeepMinds Holdings, has launched the 'Madinah Venture Studio', a pioneering initiative aimed at turning Madinah into the global centre of purpose-driven ventures, building and scaling companies with unmatched efficiency, rooted in DeepTech, AI, HealthTech, Sustainability, ESG, and Impact sectors; all aligned with the transformative aspirations of Saudi Vision 2030. The signing ceremony took place today in the distinguished presence of His Royal Highness Prince Abdulaziz bin Faisal bin Abdulmajid bin Abdulaziz Al Saud, an Esteemed Founding Member of DeepMinds KSA. Alongside His Highness, DeepMinds' other KSA founding partners attended, forming a powerful alliance of leading local experts. Together, their presence underscores DeepMinds' commitment to engaging top-tier national expertise and reflects a strong belief in Madinah and the Kingdom's entrepreneurial ecosystem. This initiative comes in response to rapid population growth, the rising demand for smart services, and the need for a flexible infrastructure that meets the aspirations of residents and visitors, in line with the goals of Saudi Vision 2030. Through this platform, the Municipality aims to transform Madinah into a magnet for innovators and entrepreneurs, where ideas are developed into tangible projects with economic, social, and environmental impact. Madinah Venture Studio is designed as a venture-building engine that connects Madinah's local talent, entrepreneurs, corporations, and government entities with a worldwide network of innovators who hold a deep connection and affection for Madinah. Millions of people visit the city each year, and this platform enables those with ideas, innovations, and purpose to leave a lasting impact, in Madinah, for Madinah, and for the world. Through the Studio, DeepMinds brings its full cluster of venture-building resources including DeepTech scientists, AI engineers, industry experts, venture builders, and serial entrepreneurs; all powered by its proprietary hybrid-agentic venture-building system, part of a proven framework designed to localize technologies and accelerate purposeful venture creation. The Madinah Venture Studio integrates DeepMinds' circular innovation cycle — from discovering people with a growth vision, to generating early concepts, validating business models, enabling applied tech transfer and training, building viable ventures, investing, scaling, and reinvesting, ensuring a self-sustaining, circular economy of innovation embedded in Madinah. In this context, Dr. Mohammed Khalaf Al-Ghamdi, Deputy to His Excellency the Mayor of Madinah for Transformation and Strategy, said: 'This initiative aligns perfectly with the strategic vision of Saudi Arabia and the unique role of Madinah as a center of heritage, spirituality, and opportunity. Madinah Venture Studio has opened its doors to entrepreneurs, corporates, and innovators, fostering partnerships to create ventures that serve Madinah, the Kingdom, and the world.' Mr. Saad Ibrahim Shafie, Director General of Strategic Studies and Change added: "Today, traditional solutions are no longer sufficient to address the challenges of cities. That's why we focus on advanced and deep technologies, empowering companies to innovate and create in order to achieve sustainability." Following the remarks from Madinah Regional Municipality' leadership, Mr. Amine Staali, Managing Partner and Group CEO of DeepMinds Holdings, emphasized the company's long-term vision and the transformative role of the Madinah Venture Studio, stating: 'Through the Madinah Venture Studio, our mission goes beyond building companies, we are cultivating a legacy of purposeful innovation. By embedding our proprietary venture-building system into Madinah, we connect local talent and vision with world-class DeepTech resources, ensuring that Madinah becomes a beacon for impactful ventures that serve both the local community and global aspirations.' Emphasizing the critical role of AI in driving purposeful innovation, Dr. Abdelnour Haddou, Managing Partner and Group Chief AI Officer of DeepMinds Holdings, explained: 'With AI reshaping the world at unprecedented speed, what truly sets us apart is collaboration guided by shared values and a higher purpose. Through the Madinah Venture Studio, we are establishing a lasting platform that unites purpose-driven individuals, combining AI capabilities with human ingenuity to create enduring impact for Madinah and the Kingdom of Saudi Arabia..' The launch of Madinah Venture Studio marks a pivotal milestone, uniting local commitment and global expertise within one purpose-driven ecosystem. It lays the foundation for hundreds of future ventures that will not only address the challenges of today but also chart a path toward sustainable and impactful innovation for generations to come.

Millennium Hotels & Taiba elevate hospitality in Madinah with strategic relaunch of Al Aqeeq and Taiba Properties
Millennium Hotels & Taiba elevate hospitality in Madinah with strategic relaunch of Al Aqeeq and Taiba Properties

Tourism Breaking News

time15 hours ago

  • Tourism Breaking News

Millennium Hotels & Taiba elevate hospitality in Madinah with strategic relaunch of Al Aqeeq and Taiba Properties

Post Views: 38 Millennium Hotels and Resorts Middle East & Africa, in partnership with Taiba, a Saudi forward hospitality company announces the relaunch of two iconic properties in the heart of Madinah: Millennium Al Aqeeq and Millennium Taiba. Strategically located steps from Al-Masjid An-Nabawi, both properties offer a spiritually enriching stay experience for Umrah pilgrims, families, and travellers seeking premium comfort rooted in Islamic hospitality. 'These properties are more than key assets in our portfolio—they are landmarks of faith, connection, and culture,' said Ali Hamad Lakhraim Al Zaabi- President of Millennium Hotels MEA. 'Our partnership with Taiba ensures that every guest, whether a pilgrim, traveler, or visitor, is welcomed with a seamless, enriching experience rooted in the values of Islamic hospitality and cultural reverence.' Following an extensive enhancement of service and guest touchpoints, the hotels will offer upgraded digital booking journeys, enhanced dining concepts, and customized services for religious travellers. Sultan Bader Al-Otaibi, Chief Executive Officer, Taiba, commented: 'This strategic relaunch embodies our shared vision with Millennium Hotels and Resorts Middle East & Africa, to deliver world-class hospitality experiences that honor the spiritual significance of Madinah. At Taiba, we recognize the profound responsibility that comes with serving pilgrims and visitors to one of Islam's holiest sites. Through this partnership, we are raising the standard of religious hospitality, seamlessly blending comfort, reverence, and service excellence. This initiative is a key milestone in our broader commitment to support the goals of Saudi Arabia's Vision 2030, particularly in positioning the Kingdom as a leading global destination for religious tourism'.

MENA IT Spending to Hit $169 Billion by 2026
MENA IT Spending to Hit $169 Billion by 2026

Arabian Post

time16 hours ago

  • Arabian Post

MENA IT Spending to Hit $169 Billion by 2026

Information technology expenditure across the Middle East and North Africa region is poised to climb to $169 billion by 2026, reflecting a notable 8.9 percent growth from 2025, according to projections from Gartner. The surge in IT spending underscores a region-wide shift towards digital transformation, fuelled by the increasing reliance on artificial intelligence, intelligent automation, and AI-optimised infrastructure enhancements. This rise in spending is taking place against the backdrop of global economic and geopolitical challenges, prompting businesses to rapidly adopt cutting-edge technologies to remain competitive. A key factor driving this growth is the accelerated deployment of AI technologies. Governments and private enterprises across the MENA region are investing heavily in AI solutions to streamline operations, improve decision-making, and enhance customer experiences. This trend is particularly evident in sectors such as banking, healthcare, and manufacturing, where automation and data analytics are increasingly integral to operational efficiency and service delivery. The rise of AI has prompted a wave of investments in intelligent automation, as businesses seek to optimise their workforce and reduce operational costs. Robotic process automation, AI-powered chatbots, and machine learning algorithms are being deployed to automate repetitive tasks, improve productivity, and drive innovation. These technologies are particularly sought after in industries that rely heavily on manual processes, such as finance and logistics. ADVERTISEMENT AI-optimised infrastructure upgrades are also contributing to the IT spending boom. The shift towards cloud computing, 5G networks, and edge computing is reshaping how businesses operate and deliver services. Cloud-based infrastructure, for example, provides companies with scalable solutions, reducing the need for significant upfront capital expenditure while increasing agility. As a result, IT infrastructure spending is expected to see a substantial rise in the coming years, as more businesses seek to migrate their operations to the cloud. The urgency to modernise IT infrastructure is further amplified by the geopolitical landscape in the MENA region. Ongoing political tensions, trade uncertainties, and the fallout from the COVID-19 pandemic have underscored the importance of resilient and secure digital systems. The rapid adoption of cloud services, AI, and automation technologies is viewed as a strategic move to ensure business continuity and agility in a volatile environment. Governments in the region are also pushing for digitalisation, with policies and incentives designed to support the adoption of emerging technologies. In Saudi Arabia, the government's Vision 2030 initiative is acting as a significant catalyst for IT investments. The programme aims to diversify the economy by investing in technology and innovation. Similarly, the United Arab Emirates has positioned itself as a regional technology hub, focusing on the adoption of AI and smart city initiatives. These national strategies are creating a conducive environment for IT spending, driving demand for advanced technologies across various sectors. The private sector is equally proactive in its digital transformation efforts. Major corporations, particularly in the banking and finance sectors, are spearheading initiatives to integrate AI and automation into their operations. The region's financial institutions are increasingly relying on AI for fraud detection, risk management, and customer engagement. For instance, several banks in the UAE and Qatar have deployed AI-based systems to streamline loan processing and enhance customer support through chatbots. However, while the outlook for IT spending is largely positive, challenges remain. The rapid pace of technological adoption can strain the region's talent pool, with companies struggling to find skilled workers in fields such as AI, cybersecurity, and data science. As a result, the demand for tech talent is intensifying, prompting governments and businesses to invest in training and upskilling programmes to bridge the talent gap. Additionally, concerns around data privacy, cyber threats, and regulatory compliance are posing obstacles to the seamless integration of new technologies. Cybersecurity investments, therefore, are expected to increase significantly as companies prioritise data protection in an increasingly digital world.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store