Saudi Boeing Deal To Create 100,000 U.S. Jobs Says Ambassador

Gemini Sparkle

Key Takeaways:

  • A $37 billion deal with Boeing for 121 aircraft, including 72 Boeing 787s for Saudi Arabia's new airline Riyadh Air, is projected to create 300,000 jobs globally (100,000 in the U.S. and 200,000 in Saudi Arabia).
  • Saudi Arabia intends to leverage this investment to become a global logistics hub, aiming to attract up to $80 billion annually in tourism and business.
  • The deal is expected to contribute to deepening international relations and cultural understanding through increased tourism facilitated by the new airline.
See a mistake? Contact us.

Saudi Arabia’s ambassador to the U.S. says a $37 billion deal with Boeing announced in April will create a total of 300,000 jobs, a third of them in the U.S. Princess Reema bint Bandar told workers and officials at Boeing’s Boeing 787 factory in Charleston, South Carolina, on May 5, the deal will establish her country as a leader in international transportation. “The deal will propel Saudi Arabia into a global logistics hub and generate 200,000 direct and indirect jobs and countless opportunities in trade and tourism,” she said. “This historic investment will create around 100,000 direct and indirect jobs in the U.S. across several states.”

Boeing will supply 121 aircraft, 72 of them 787s, to Saudi Arabia’s new airline Riyahd Air. The ambassador said it’s all part of a plan to attract up to $80 billion a year in tourism and other business to the kingdom. “In just a few years, Boeing planes will transport millions of tourists to the Kingdom, and for many of them, this trip may be their first, which would contribute to deepening the relations between our peoples and would also contribute to the rapprochement of our cultures.”

Russ Niles

Russ Niles is Editor-in-Chief of AVweb. He has been a pilot for 30 years and joined AVweb 22 years ago. He and his wife Marni live in southern British Columbia where they also operate a small winery.
Sign-up for newsletters & special offers!

Get the latest stories & special offers delivered directly to your inbox

SUBSCRIBE