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Saudi domestic air fares expected to rise 10%

Air ticket prices on domestic routes in Saudi Arabia are expected to rise following the new air ticket regulations approved by the Council of Ministers last week, Arab News has reported. "We expect a 10% rise in ticket prices in the first phase when the new regulations are applied and prices will go up further at later stages," said Nasser Al-Tayyar, managing director and CEO of Al-Tayyar Group. The cabinet decision to revise jet fuel prices would definitely reduce the operation cost of airlines, said Al-Tayyar. "This will create greater competition among airlines and encourage more investment in the sector," he said.