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Saudi Arabia Signs $10 Billion Plane Deal with Wall Street Journal

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

The Wall Street Journal reported that today, Sunday, Saudi Arabia will strike a $35 billion deal to buy Boeing commercial jets for a new state-owned airline.

The newspaper, citing informed sources, wrote that the State Investment Fund of Saudi Arabia is going to conclude a deal with Boeing to buy commercial aircraft for a new state-owned airline.

The deal could be announced as early as Sunday, according to the Wall Street Journal.

It is noteworthy that the Airbus company also submitted its bids for the procurement tender, and therefore the course of the agreement is likely to change even in its last moments, the newspaper notes.

Source: News

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