FII MoU
Aramco and Riyadh Air explore collaboration opportunities
Companies sign MoU with a focus on potential collaboration across multiple areas, including but not limited to fuel supply and sustainability initiatives.
Aramco and Riyadh Air, the Kingdom of Saudi Arabia's new premium international airline, have signed a Memorandum of Understanding (MoU) during the FII 8th Edition in Riyadh.
The MoU sets the stage for potential collaboration in areas such as low-carbon fuel supply and sustainability.
We are delighted by the prospect of exploring a wide variety of opportunities for collaboration between Aramco and Riyadh Air.
— Yasser M. Mufti, Aramco executive vice president of Products and Customers
"Both companies have expressed a desire to adopt latest technologies, elevate experiences and contribute to sustainability objectives," said Mufti. "Aramco’s work to develop lower-carbon fuels, its strong focus on digitalization, and its aviation experience, among other things, provide a strong platform for potential cooperation with Riyadh Air.”
Adam Boukadida, Riyadh Air chief financial officer, said the partnership with Aramco "aligns perfectly with our ambition to become a leading global airline committed to sustainability and low-carbon fuels.
"By leveraging Aramco’s expertise, we aim to improve our operational capabilities and provide outstanding experiences for our guests,” Boukadida added. "Together, we can play a significant role in advancing the Kingdom’s environmental and economic objectives.”
Caption for top photo: Yasser M. Mufti, Aramco executive vice president of Products and Customers, signs an MoU with Adam Boukadida, Riyad Air’s chief financial officer. Joining Mufti from Aramco area Amin Nasser, president and CEO, and Mohammed Y. Al Qahtani, Downstream president.