Saudi Arabia's national carrier said Sunday it has ordered 12 Boeing 777-300ER aircraft in a deal valued at $3.3 billion that reflects continued growth in the oil-rich Gulf region's airline sector.
Saudi Arabian Airlines and Boeing said the deal also includes an option to buy 10 more of the aircraft.
The carrier said in a statement that it also ordered eight Boeing 787 Dreamliner. Those aircraft, however, were not included in the $3.3-billion price tag.
The airline's director-general, Khaled al-Mulhim, said the decision came as "part of a long-term strategy to expand and modernize our fleet with newer and more fuel-efficient airplanes."
Several of the major carriers in the region have been aggressively expanding their service, even as their U.S. counterparts are retrenching. That growth has translated to several multibillion-dollar purchases.
The price tag is based on list prices, but airlines often negotiate big discounts.
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