Vision 2030

Interview

Saudi Arabia eyes state-backed stablecoin amid digital finance push

Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.

Why did the Met Opera lose its Saudi funding deal?

The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years.

Saudi Arabia

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.

Saudi Arabia

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.

Saudi Arabia

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.

Saudi Arabia

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.

Saudi Arabia

Analysis

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

The Turkish president’s visit cemented Ankara and Riyadh’s accelerating convergence as regional crises mount and Gulf rivalries sharpen.

By Ezgi Akin

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

Analysis

Saudi Arabia downsizes megaprojects, chases cash amid AI push

After years of breakneck spending, Crown Prince Mohammed bin Salman’s flagship plan to diversify the oil-dependent economy — dubbed Vision 2030 — is facing a fresh round of delays and recalibration as softer oil prices squeeze public finances and force tougher choices.

By Samuel Wendel , Jack Dutton

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

The Gulf state is one of the few countries in the world developing its own sovereign open-source AI model to counter the dominance of the United States and China in the sector.

United Arab Emirates

Interview

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

Washington is playing catch-up with Beijing to get its slice of the critical minerals sector, which is essential to strategic industries like clean energy, defense and electronics.

Bandar Alkhorayef

Saudi Minister of Industry and Mineral Resources

Saudi Arabia to open stock markets to all foreign investors in February: What to know

The Saudi Capital Market Authority announced that it would remove restrictions that have historically limited foreign investors' access to the country’s Tadawul stock exchange.

Saudi Arabia

Saudi Arabia awards record number of mining licenses in Vision 2030 push

Riyadh estimates the country’s mineral resources to be worth $2.51 trillion.

Saudi Arabia