Vision 2030

Bryson DeChambeau of Crushers GC plays his shot from the 17th tee prior to LIV Golf Mexico City at Club de Golf Chapultepec on April 15, 2026, in Mexico City.

What LIV Golf’s woes suggest about Saudi Arabia’s economic headwinds

The Golf league, which is backed by the Saudi sovereign wealth fund, is saying its season will go on after reports of an imminent collapse.

Archaeologists work at Ra’s Qurayyah Port in Al-Ahsa Governorate, Eastern province. (Saudi Heritage Commission)

Culture

Ancient wells, Abbasid coin: Saudi Arabia unveils archaeological finds

The kingdom presented a collection of objects discovered during excavations in the east as it ramps up preservation and promotion of its heritage in line with Vision 2030.

Fahad

Meet Fahad Al-Saif, PIF exec and Saudi Arabia's new investment minister

Saif previously led investment strategy at the kingdom's sovereign wealth fund and has held senior roles at the Saudi Awwal Bank and HSBC Saudi Arabia.

Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman looks on during a meeting with US President Donald Trump (not pictured) in the Oval Office of the White House in Washington, DC on November 18, 2025. Saudi Crown Prince Mohammed bin Salman arrived at the White House to fanfare and a jet flyover Tuesday, in his first visit to the United States since the 2018 murder of journalist Jamal Khashoggi. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Ima

Saudi Arabia names new investment minister as Vision 2030 funding lags

The leadership change comes as slowing megaprojects and weak foreign inflows expose gaps in the kingdom’s ambitious economic overhaul.

Latest News

Analysis

In Saudi Arabia, Erdogan fosters security alignment, $30B trade push

Riyadh

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Analysis

Saudi Arabia downsizes megaprojects, chases cash amid AI push

Aerial view of Riyadh at night with illuminated modern skyscrapers and busy streets under a clear dark sky, Al Olaya street.

Samuel Wendel

By Samuel Wendel , Jack Dutton

UAE launches sovereign open-source AI model K2 Think: What to know

Advertisement boards on main road of the city Sheikh Zayed Road.

United Arab Emirates

Interview

Saudi Arabia keeps doors open to US, China in critical minerals race

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef addresses the Future Minerals Forum in Riyadh, on Jan. 14, 2026.

Bandar Alkhorayef

Bandar Alkhorayef

Saudi Minister of Industry and Mineral Resources

NEOM CEO Nadhmi Al-Nasr speaks during the last day of the Future Investment Initiative conference, Riyadh, Oct. 25, 2018.

Analysis

Why did Saudi Arabia replace Neom's CEO amid budget concerns?

The change in leadership comes at a pivotal time for the $1.5 trillion green, megacity project central to the ambitious agenda of Saudi Vision 2030.

In Bristol, reporting on regional business, climate change, AI, tech

US Secretary of Defense Lloyd Austin welcomes Saudi Defense Minister Khalid bin Salman to the Pentagon in Washington, DC, on November 1, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Analysis

In military reshuffle, Saudi Arabia seeks efficiency, closing gap with regional rivals

Saudi Arabia has recently undertaken a significant reorganization of its top military leadership, with new senior appointments to the kingdom’s joint, land and naval forces — a step that could mark a pivotal shift in the country's defense strategy and domestic balance.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

PEDRO PARDO/AFP via Getty Images

Saudi PIF signs deals worth up to $50B with six Chinese institutions

As one of the world’s largest sovereign wealth funds, the $925 billion Saudi PIF is already heavily invested in China.

Beijing

China’s Baosteel ups investment in Saudi steel plate venture to $1B

A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture.

Media image of a Lilium eVTOL jet, download July 18, 2024.

Saudia inks deal for electric flying taxis from Germany amid airline order spree

The agreement to purchase 50 jets, with an option for 50 more, was made with Lilium, headquartered outside Munich.

An Airbus A330 of Saudi airline company, also known as Saudi Arabian Airlines, lands in Toulouse, on July 22, 2017.

As Boeing struggles, Airbus inks 4-aircraft deal with Saudi Arabia

The kingdom ordered four more of Airbus’ A330 Multi Role Tanker Transport aircraft for the Royal Saudi Air Force as Boeing's challenges mount in Gulf over safety issues.

RIYADH, SAUDI ARABIA - MAY 4: Cristiano Ronaldo of Al Nassr celebrates after scoring the 2nd goal during the Saudi Pro League match between Al-Nassr and Al Wehda at Al Awwal Park on May 4, 2024 in Riyadh, Saudi Arabia.(Photo by Yasser Bakhsh/Getty Images)

Culture

Saudi Arabia's soccer dreams tested as Vision 2030 goal posts move

2023 saw Saudi Arabia take the world of soccer by storm with record-breaking spending on new stars, but those hoping for a repeat performance in 2024 have so far been left disappointed.

NEOM, SAUDI ARABIA - NOVEMBER 17: Athletes compete during stage 4 of NEOM Titan Desert Saudi Arabia during the NEOM Beach Games 2023 on November 17, 2023 in Neom, Saudi Arabia. (Photo by Francois Nel/Getty Images for NEOM Beach Games 2023)

Why is Saudi Arabia cutting funding, reducing costs on ambitious projects?

Saudi Arabia is reevaluating its financial priorities under Crown Prince Mohammed bin Salman’s ambitious Vision 2030 plan to diversify the nation away from a reliance on oil.

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019.

Saudi Arabia poised to raise $11.2B in Aramco's second IPO

Aramco had set a price range of its shares between 26.7 and 29.0 riyals ($7.12 and $7.73) but said on Friday it ended up pricing them at 27.25 riyals ($7.27).

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Will Saudi Aramco's massive share sale to raise $12B pay off?

Saudi Arabia is selling a 0.64% stake in its state energy company in a bid to offset rising debt and fund its economic diversification plans, but foreign investors remain wary.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

French Foreign Minister Jean-Yves Le Drian attends the Moldova support conference at the Foreign Ministry, Berlin, Germany, April 5, 2022.

Le Drian says France keen to help Saudi Arabia transition away from oil

France's former top diplomat said that his country was supportive of Saudi Arabia's efforts to diversify its economy.

AYEZ NURELDINE/AFP via Getty Images

Saudi Arabia sees 477% increase in multinational HQs in first quarter

The 127 international companies relocating to Saudi Arabia so far this year follow a Saudi program to attract world businesses.