Vision 2030

Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing

Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf.

By Sebastian Castelier

In Dubai, reporting on regional business

Interview

Saudi Arabia's giga-projects to offer 'testing ground' for British technology

Saudi startups and fintech firms are looking to tap into the United Kingdom's $1 trillion tech market.

Matt Jones

Saudi British Joint Business Council Project Officer

Analysis

After Neom cut, Saudi Arabia expected to scale back more Vision 2030 plans

Authorities had originally planned for 1.5 million residents to live in The Line part of Neom, but they scaled back their ambitions to around 300,000.

By Jack Dutton

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

Saudi Arabia offers $182M package, other incentives for mining investors

The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil.

Saudi Arabia

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.

Saudi Arabia

UK-Saudi deal allows kingdom to tap into Britain’s $1T tech market

The kingdom spent $5.1 billion on research and development in 2022, a 32.7% from the previous year’s $3.9 billion.

Saudi Arabia

Saudi PIF-owned company, tourism fund partner on new downtown for Riyadh

Saudi Arabia’s Public Investment Fund is working with the kingdom’s Tourism Development Fund to create "the world’s largest downtown" in the capital.

Saudi Arabia

Saudi Arabia reports oil export slump after OPEC cuts

The dip in exports for the fourth quarter of 2023 was due to Saudi Arabia’s decision to reduce crude output in accordance with the Organization of Petroleum Exporting Countries and allies — the kingdom has also implemented voluntary cuts.

Saudi Arabia

Saudi tech giant expands investments into China, AI as part of $100B plans

Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil.

Saudi Arabia

South Africa’s Milkor gets go-ahead to produce drones in Saudi Arabia

The Gulf country is bolstering its defense capabilities amid increasing instability in the Middle East.

Saudi Arabia

Davos 2024: Reaching net zero without space tech 'wishful thinking,' says Saudi minister

On the sidelines of the World Economic Forum, Saudi Arabia’s Minister of Communications and Information Technology Abdullah bin Amer Alswaha told Al-Monitor that technology will help countries deliver on climate promises.

Saudi Arabia

Will Saudi Arabia see mining gold rush in 2024?

The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition.

Saudi Arabia