This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.
Wednesday 27 Jan 2016 - 13:25 Makkah mean time-17-4-1437
Muscat, (IINA) - Muscat National Development & Investment Company (Asaas) has been awarded an air services operator license to establish Oman’s first low-cost carrier, Times of Oman reported.
Given by the Omani Public Authority for Civil Aviation, this new venture is expected to fuel economic growth underpinned by high air traffic demand, which is expected to grow by 40 percent by 2019.
Asaas’s CEO Khalid Al-Yahmadi said: “At Asaas, our aim is to become one of the main development and investment arms for the government and pension funds in the country. To that end, we have identified a portfolio of potential development projects for the next 5 to 10 years across various industries”.
He Added: “One of the core sectors is tourism, and we are adopting an integrated approach that covers its entire supply chain of which transportation plays an instrumental role as an enabler for the development of the economy in general and tourism in particular”.
The CEO pointed out that the “national budget airline will provide access to economical and efficient means of transport and further advance the aviation sector in Oman”.
Established in late 2014, Asaas’s mandate is founded on identifying new investment opportunities and intelligent solutions that meet public needs to enrich the quality of life of people in Oman.
The company’s business model revolves around collaborating with different public and private sectors efforts in tourism, logistics, healthcare and education to contribute to the diversification of the national economy.
AG/IINA
|
No comments:
Post a Comment