Saudi Public Investment Fund launches Kingdom’s first commercial helicopter operator 

The kingdom’s is launching its first commercial helicopter operator with an initial capital of 565 million riyals. (File photo: AFP)
Updated 12 March 2019
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Saudi Public Investment Fund launches Kingdom’s first commercial helicopter operator 

  • The kingdom’s is launching its first commercial helicopter operator with an initial capital of 565 million riyals

RIYADH: Saudi Arabia’s Public Investment Fund said the Kingdom will be launching its first commercial helicopter operator.
The company will provide private air transport services within major cities, the Saudi Press Agency reported. It will also be organizing tours to many different destinations throughout the Kingdom. 
The helicopter company was established with initial capital of SR 565 million ($151 million) to meet the growing demand in the Kingdom for luxury tourism and transportation services.
The company will provide safe access to distant tourist destinations inside the Kingdom and provide a high quality air transport experience in accordance to international standards. 
The step is in line with the investment fund strategy which aims to maximize sustainable financial returns as well as launching new sectors and developing them.
It also fulfills efforts to achieve Saudi Arabia’s Vision 2030 by encouraging the tourism sector in the Kingdom.  


Arab coalition working to protect region’s security, says spokesman

Coalition spokesman Col. Turki Al-Maliki at a press briefing. (SPA file photo)
Updated 19 March 2019
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Arab coalition working to protect region’s security, says spokesman

  • Houthis want to disturb peace, says coalition spokesman
  • Stockholm peace agreement under strain

RIYADH: The Arab coalition supporting the internationally recognized Yemeni government is committed to protecting regional and global security, a spokesman said Monday.

Coalition spokesman Col. Turki Al-Maliki was asked at a press briefing about Houthi militias threatening to target the capitals of Saudi Arabia and the UAE.

“This is their way to disturb peace,” Al-Maliki replied. “Previously the Houthis targeted Riyadh with a ballistic missile, violating all international laws by attacking a city that has more than 8 million civilians. We take all precautions to protect civilians and vital areas. The coalition works to protect regional and international security.”

Al-Maliki said Houthis had targeted Saudi border towns several times, the most recent incident taking place in Abha last Friday.

But the Saudi Royal Air Defense Force had shot down a drone that was targeting civilians, he added.

He said four Saudi nationals and an Indian expatriate were injured in the attack because of falling debris.

The drone wreckage showed the characteristics and specifications of Iranian manufacturing, he said, which proved Iran was continuing to smuggle arms to the militias.

He warned the Houthis to refrain from targeting civilians because the coalition, in line with international humanitarian law, had every right to counter such threats.

He said the coalition was making efforts to neutralize ballistic missiles and dismantle their capabilities, as the coalition’s joint command would not allow the militia to possess weapons that threatened civilian lives and peace.

Al-Maliki reiterated that the Houthis were targeting Yemeni civilians and continued to violate international laws. 

He also urged Yemenis to try their best to prevent children from being captured by Houthis, who were using them as human shields and child soldiers.

His comments came as the UN tried to salvage a peace deal that was seen as crucial for ending the country’s four-year war.

The Stockholm Agreement was signed by the Yemeni government and Houthi representatives last December.

The main points of the agreement were a prisoner exchange, steps toward a cease-fire in the city of Taiz, and a cease-fire agreement in the city of Hodeidah and its port, as well as ports in Salif and Ras Issa.

Militants triggered the conflict when they seized the capital Sanaa in 2014 and attempted to occupy large parts of the country. An Arab coalition intervened in support of the internationally recognized government in March 2015.

The World Health Organization estimates that nearly 10,000 people have been killed in Yemen since 2015.

Earlier this month US Secretary of State Mike Pompeo said that President Donald Trump’s administration opposed curbs on American assistance to the Saudi-led coalition in Yemen.

“The way to alleviate the Yemeni people’s suffering isn’t to prolong the conflict by handicapping our partners in the fight, but by giving the Saudi-led coalition the support needed to defeat the Iranian-backed rebels and ensure a just peace,” Pompeo said at a news conference in Washington.