- Companies sign MoU with a focus on potential collaboration across multiple areas, including but not limited to fuel supply and sustainability initiatives
- MoU signed during FII 8th Edition in Riyadh
Aramco, one of the world’s leading integrated energy and chemicals companies, 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.
Yasser M. Mufti, Aramco Executive Vice President of Products & Customers, said: “We are delighted by the prospect of exploring a wide variety of opportunities for collaboration between Aramco and Riyadh Air. Both companies have expressed a desire to adopt latest technologies, elevate experiences and contribute to sustainability objectives. 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: “Our 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. Together, we can play a significant role in advancing the Kingdom’s environmental and economic objectives.”
— The Arabian Sun: October 31, 2024