The Arab Gulf Program for Development (AGFUND) is a regional organization based in Riyadh, Saudi Arabia. AGFUND was established in 1980 upon the initiative of His Royal Highness, Prince Talal Bin Abdul Aziz Al Saud with the support of leaders of the Gulf Cooperation Council Countries: United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, State of Qatar, Sultanate of Oman and the State of Kuwait.
AGFUND works mainly in the field of development and growth at the international level through an effective partnership with the United Nations Organization, with regional and national development organizations, with public institutions, with the private sector, as well as with organizations of the civil society.
AGFUND believes in the sustainability of human development and poverty alleviation and struggles to enable vulnerable groups (women and children, people with special needs, displaced people and refugees etc..) to exercise their civil rights in their communities and lead a dignified social and economic existence with improved living conditions.
Through the implementation of its programs, Agfund provides support to needy groups to help facilitate their full access to basic and fundamental social requirements, such as education and health care, under the umbrella of fair national and international legislations towards the prevailing of security and peace. Agfund’s initiated effort to contribute without any discrimination to projects of human development, is done through the support of its Partners and is implemented, by the United Nations Development Organizations, by international and regional organizations, by governmental and NGO’s bodies all over the developing world.
Prince Talal Bin Abdul Aziz Al Saud was a relatively progressive figure when it comes to the royal elite in Saudi Arabia and remained outspoken on some of the Kingdom’s most controversial issues throughout his life. He passed away in 2018 at 87 years old. One of his sons is now Chairman of AGFUND. So, with this in mind, as well as its prior Saudi Arabian registration HZ-TAA, it’s possible that this was his personal aircraft, or at least it was related to him and his interests in some way.
As for what the aircraft is selling for, that isn’t clear, as there is no listed price, but it certainly has a lot to offer despite its age. The newest BBJs based on the 737 Next Gen platform can run around $75M, but that is not with an interior like this, which can cost tens of millions of dollars by itself. So, buying a used, well maintained and equipped aircraft can save massive amounts of money compared to buying new. For instance, this 2001 model with an interior that is nowhere near as elaborate and more total time is selling for around $15M. That is about the same price as a new Citation Latitude midsize business jet, which is downright pedestrian compared to this BBJ.
So, if you are in the market for a flying yacht with very low usage and an interior that is truly fit for royalty, check out the original listing on Controller.com and give SM Executive Aviation a ring!
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