[15] Riyadh Air is expected to add US$20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs.

[citation needed] On 12 March 2023, the Crown Prince of Saudi Arabia, Mohammed bin Salman, formally announced the establishment of Riyadh Air, the country's newest national airline.

[24] Under the terms of the memorandum, the two airlines would establish a basis for future flight codesharing and alignment of the customer service and frequent-flier program experiences.

[26] On 10 August 2023, Riyadh Air became the main shirt sponsor of Spanish La Liga club Atlético de Madrid.

[27] On 16 August 2024, Riyadh Air became the official airline of CONCACAF, the association football confederation of North America.