Emirates A380 ventures to Amman and Boston

The A380 Amman service was led by Captain Arif Al-Reyami and Jordanian First Officer Laith Saudi.
Updated 05 June 2019

Emirates A380 ventures to Amman and Boston

Emirates’ first scheduled A380 services have touched down in Boston and Amman for the summer season peak.
The first scheduled A380 service landed in Amman on June 1 at 3:55 p.m. local time and the second A380 service from Dubai to Boston landed at 1:50 p.m. local time. Led by Captain Arif Al-Reyami and Jordanian First Officer Laith Saudi, the A380 Amman service was greeted by a traditional water cannon salute.
Emirates will operate its A380 aircraft to and from Amman until Oct. 26 to cater to the increased demand for travel during the peak summer period. The airline has adjusted its schedule on one of its three daily flights (EK 903/904) with the A380. Emirates A380 operations to Boston also coincide with high customer demand during the peak summer and winter travel season and will see overall capacity increase around 45 percent between June 1 to Sept. 30 and Dec. 1 to Jan. 31, 2020.
The move to deploy the A380 on both routes demonstrates the airline’s flexibility to optimize the usage of its fleet to cater to passenger demand within its network, a statement said.
“With the A380 being introduced for the summer, travelers have more choice to explore unique A380 destinations on the Emirates network, as well as experience the ultimate in travel comfort on the airline’s flagship aircraft.”
Emirates has been flying to Jordan for over 33 years, and has carried over 5 million passengers to and from Amman. Emirates has been serving Boston since 2014.
The Emirates A380 flying to Amman is set in a three-class configuration, and will have 427 seats in economy class on the lower deck over the months of June and July, 76 flat-bed business class seats and 14 luxurious first class suites. First and business class customers can catch up, network and enjoy a range of beverages and delicacies in the Onboard Lounge.
The Emirates A380 flying to Boston is also set in a three-class cabin configuration, offering 14 private suites in first class, 76 seats in business class, and 426 spacious seats in economy class.
Emirates is also offering Greek travelers a chance to fly on the A380. The airline deployed the double-decker aircraft to Athens International Airport Eleftherios Venizelos on May 31 with the commencement of the peak summer travel period to meet high passenger demand to and from Greece. The A380 will operate to Athens until Sept. 30.
The Emirates A380 has become one of the most recognized aircraft in the world, and more than 115 million passengers have experienced the airline’s flagship since 2008. Emirates currently has 110 A380s in service and 13 pending delivery, and is set to receive six A380s this financial year.

UAQ, Alinma close real estate fund at $4.5bn

Updated 07 December 2019

UAQ, Alinma close real estate fund at $4.5bn

Umm Alqura Company for Development and Construction (UAQ) and Alinma Investment Company announced the successful completion of the launch of the Makkah Real Estate Development Funds, with an investment value exceeding SR17 billion ($4.5 billion). 

The funds are invested in seven hotel towers and two commercial complexes that will be developed within the King Abdul Aziz Road (KAAR) project in Makkah. It is one of the most significant developmental and urban development projects in the Makkah region. The project includes multiple options including housing and shopping, and provides easy mobility and means of transportation between the project facilities and the central area of the Holy Mosque.    

Yasser Abuateek, CEO of UAQ, said: “This strategic agreement is the first of several diverse investment activities designed to attract leading investment institutions. It confirms the appeal of investing in KAAR, an attractive destination for long-term investments, as well as the trust of the investment and financing community.

“This partnership also sheds light on the strength of Alinma Investment and its success in managing real estate funds, which makes it the ideal partner for implementing the project’s development and urban plan. The project aspires to become one of the modern landmarks in Makkah.”

Abuateek added: “By successfully attracting investments valued at SR17 billion, we will make progress in line with the execution plan for several diverse projects, especially since we have already reached several major milestones, including completion of the pouring and construction of all the concrete blocks for the Makkah Metro tunnels, while in addition we have completed nearly 50 percent of the bridges. Currently, we are working on completing all the unprecedented infrastructure projects that followed the demolition phase, which represent a transformation in the investment, development and preparation of the project’s lands, making it more attractive for development and creating new choices that help upgrade the quality of life for Makkah visitors and residents.”

Acting CEO of Alinma Investment Mazin bin Fawaz Baghdadi said: “We are very happy with the success of the Alinma Real Estate Development Funds together with our partner UAQ. This investment, with the large sum of capital, will play a major role in fulfilling the objectives of the finance sector, while our partnership will contribute to increasing the capacity to accommodate pilgrims and visitors through implementing urban developmental projects in the Makkah region.”

“The funds’ investment objective is to achieve long-term capital growth through the development of the superstructure in various parts of the King Abdul Aziz Road project in Makkah, which are: Five-star international hotels (Taj Hotel and Kempinski Hotel), four-star hotels (Hilton Embassy), three-star hotels (Hilton Garden Inn), apartments (Kempinski Residence), and two malls,” added Baghdadi.