The potential acquisition is expected to take place as early as next year, with the PIF planning to invest significant billions of dollars in the aviation sector.

According to confidential sources, the PIF intends to purchase Saudia from the government with the primary objective of improving profitability and efficiency.

Following the acquisition, the carrier may be put up for sale or merged with Riyadh Air, a new airline being established by the PIF.

The PIF's interest in acquiring Saudia is in line with its broader goal of diversifying the Saudi Arabian economy and developing the country's tourism industry.

The acquisition would provide the PIF with a strategic foothold in the aviation sector, enabling it to expand its operations and enhance the overall travel experience for tourists visiting Saudi Arabia.

The potential acquisition of Saudia is a significant development in the Kingdom's efforts to transform its economy and attract more tourists.

The PIF's investment in the aviation sector is expected to create new opportunities for growth and job creation, while also improving the competitiveness of Saudi Arabia's travel industry.

In summary, the Saudi Arabian Public Investment Fund is in preliminary discussions to acquire the national airline, Saudia, as part of its efforts to develop the country into a major tourist destination.

The acquisition is expected to take place next year, with the PIF planning to invest billions of dollars in the aviation sector.

Following the acquisition, Saudia may be offered for sale or merged with Riyadh Air, a new airline being established by the PIF.

The acquisition is a significant step towards diversifying the Saudi Arabian economy and improving the overall travel experience for tourists visiting the Kingdom.