DUBAI – Saudi Arabia’s public investment fund is close to a deal for a large number of Boeings Co.BA 0.91%commercial jets that will serve in the fleet of a new national airline, people familiar with the matter said. The Saudi sovereign wealth fund is expected to announce the deal on Sunday during an official launch of the airline, some people said. The Boeing aircraft order is valued at $35 billion, some people said. The aircraft order is expected to create nearly 100,000 jobs in the United States, according to some people involved in the deal. Updates will follow as the news develops Write to Summer Said at [email protected], Andrew Tangel at [email protected], and Stephen Kalin at [email protected]Copyright ©2022 Dow Jones & Company, Inc. All rights reserved.

Source: Wall Street Journal March 11, 2023 19:47 UTC