INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Jordan, Saudi Arabia investors launch Fly Aqaba

The new airline aims to bring tourists to southern Jordan including to the desert wilderness of Wadi Rum, pictured at sunset: AFP
  • Flights will connect Aqaba to Amman as well as European and other Arab cities "at competitive prices"
  • The Covid-19 pandemic has badly dented Jordan's tourism industry, which represented 14 percent of its GDP

Jordan announced Sunday the signing of an accord to launch an airline financed by investors in the kingdom and Saudi Arabia to serve the Red Sea resort area of Aqaba.

The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of the Aqaba Special Economic Zone, quoted by Jordan’s Petra news agency.

Bakhit said it would start operations with two aircraft to serve Aqaba, the ancient archaeological site of Petra and the protected desert wilderness Wadi Rum.

Flights will connect Aqaba to Amman as well as European and other Arab cities “at competitive prices”, he said, without giving a date for Air Aqaba’s maiden flight.

The Covid-19 pandemic has badly dented Jordan’s tourism industry, which represented 14 percent of its GDP.