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Saudi Arabia’s PIF Launches Al Waha, 1st Saudi Owned Duty Free Retailer
Saudi Arabia's Public Investment Fund (PIF) has launched Al Waha, the Kingdom's first duty-free retailer.
The Suadi Boom
March 12, 2025
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
Saudi Arabia’s PIF Launches Al Waha, 1st Saudi Owned Duty Free Retailer
Turki Al-Sheikh and TKO Group Announce the Launch of New Boxing Promotion with Sela
Wizz Air to Launch Daily Flights from London Gatwick to Madinah from August 2025
Red Sea Global Introduces Saudi’s First Sustainable Aviation Fuel at Red Sea Airport
THE PIF
✨Saudi Arabia’s PIF Launches Al Waha, 1st Saudi Owned Duty Free Retailer
Saudi Arabia's Public Investment Fund (PIF) has launched Al Waha, the Kingdom's first duty-free retailer.
Key Takeaways:
Al Waha is the first duty-free retailer owned by Saudi Arabia.
The launch of Al Waha is part of PIF's efforts to enhance the retail and tourism sectors.
Al Waha aims to offer a world-class shopping experience at key locations across the Kingdom.
The introduction of Al Waha marks a significant step in the development of Saudi Arabia's retail landscape. Read more
SPORTS
✨Turki Al-Sheikh and TKO Group Announce the Launch of New Boxing Promotion with Sela
Turki Al-Sheikh and TKO Group which owns UFC have announced the launch of a new boxing promotion in partnership with Sela.
Key Takeaways:
Turki Al-Sheikh and TKO Group are launching a new boxing promotion.
The promotion is in partnership with Sela, a Saudi events company.
This is expected to bring high-profile boxing events to Saudi Arabia.
This new boxing promotion is set to bring exciting developments to the sport, particularly in Saudi Arabia. Read more
TRAVEL
✨Wizz Air to Launch Daily Flights from London Gatwick to Madinah from August 2025
Wizz Air is expanding its operations in Saudi Arabia by introducing a new route to Madinah.
Key Takeaways:
Wizz Air will commence daily flights from London Gatwick to Madinah starting in August 2025.
This new service will enhance connectivity between the UK and Saudi Arabia, particularly for religious tourism.
The route will provide a convenient travel option for pilgrims and other visitors to Madinah.
Wizz Air's decision to launch daily flights to Madinah demonstrates the growing importance of Saudi Arabia as a travel destination. Read more
RED SEA GLOBAL
✨Red Sea Global Introduces Saudi’s First Sustainable Aviation Fuel at Red Sea Airport
Red Sea Global is making strides in sustainable aviation with the introduction of Saudi Arabia's first sustainable aviation fuel (SAF) at the Red Sea International Airport.
Key Takeaways:
Red Sea Global has launched Saudi Arabia's first sustainable aviation fuel (SAF).
The SAF is being utilized at the Red Sea International Airport.
This initiative represents a significant step towards eco-friendly air travel in the Kingdom.
Red Sea Global's introduction of sustainable aviation fuel marks a major advancement for Saudi Arabia's aviation sector. Read more
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