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domain: gulfnews.com | name: أخبار الخليج | icon: 
Saudi Arabia announced a new airline, Riyadh Air, on Sunday.
The airline, fully owned by the Public Investment Fund, will be chaired by PIF governor Yasir Al Rumayyan, while Tony Douglas has been appointed CEO.
The airline is expected to add $20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs.