The General Authority of Civil Aviation (GACA) has awarded a tender to a consortium that includes Arsan, a subsidiary of Ali Zaid Al-Quraishi & Brothers (AZAQ), and Jazeera Airways to establish two national charter carriers in Saudi Arabia.
The announcement represents an important milestone for Arsan and reflects its growing role in investing in and supporting the development of the Kingdom’s aviation sector.
Through its participation in the consortium, Arsan will contribute to an initiative designed to expand charter aviation capabilities in Saudi Arabia and support the continued development of the Kingdom’s broader air transport ecosystem.
The award also reflects the opportunities emerging across Saudi Arabia’s rapidly evolving aviation market, as the Kingdom continues to expand connectivity, strengthen its transport infrastructure, and develop aviation services that support tourism, business, and economic growth.
For AZAQ, the achievement demonstrates the Group’s continued approach to identifying strategic investment opportunities in sectors that contribute to the Kingdom’s long-term development. Arsan’s involvement in the consortium represents a further step in diversifying its investment activities and establishing a presence within an increasingly important sector of the Saudi economy.
Collaboration with established aviation industry participants such as Jazeera Airways also brings together complementary capabilities and experience, creating a strong platform from which the consortium can support the development of the new charter carriers.
The establishment of national charter carriers is expected to contribute to the diversification of aviation services available in the Kingdom and support increasing demand for flexible air travel solutions as Saudi Arabia continues to develop as a major regional and international destination.
AZAQ congratulates Arsan and its consortium partners on this significant achievement and looks forward to the opportunities the initiative will create for further investment, collaboration, and growth within Saudi Arabia’s aviation sector.
The milestone reinforces Arsan’s commitment to supporting strategic sectors and contributing to the Kingdom’s ambitious economic transformation and diversification objectives.
