Vision 2030

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025.

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.

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

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.

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.

Latest News

Culture

Ancient wells, Abbasid coin: Saudi Arabia unveils archaeological finds

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

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

Fahad

Saudi Arabia names new investment minister as Vision 2030 funding lags

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

Analysis

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

Riyadh

Ezgi Akin

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

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

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.

Samuel Wendel

By Samuel Wendel , Jack Dutton

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

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

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

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

Bandar Alkhorayef

Saudi Minister of Industry and Mineral Resources

FAYEZ NURELDINE/AFP via Getty Images

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.

Railroad tracks by a quarry at the Jubail Industrial City, north of Dammam, in Saudi Arabia's Eastern province, overlooking the Gulf, Dec. 11, 2019.

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.

Al Nassr Club were crowned champions of the 2024/25 Saudi Women’s Premier League for the third time, securing the title on April 23, 2025. Credit AWSN

Culture

AWSN predicts soaring Saudi Arabia demand for women’s sports apparel

All Women’s Sports Network, a television network founded by Hollywood actor Whoopi Goldberg at the end of 2024, is expected to launch in Saudi Arabia later this month.

RICHARD A. BROOKS/AFP via Getty Images

Saudi PIF eyes $27B Japan portfolio as kingdom courts Asian investment

Saudi Arabia is strengthening economic ties with Asian countries as it pursues its economic transformation goals.

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

A man monitors the board at the Stock Exchange Market (Tadawul) bourse in Riyadh, Dec. 12, 2019.

Saudi Arabia opens Nomu Parallel Market to new investors: What to know

Easing investing rules and deepening capital markets to diversify the Saudi economy are key to fulfilling Vision 2030.

A model of IBM Quantum shows the three chandeliers that would be a part of the System Two installation, the System One comprises of one such chandelier, seen during the inauguration of Europe's first IBM Quantum Data Center, on Oct. 1, 2024, in Ehningen, Germany.

Saudi Arabia deploys region’s first industrial quantum computer: What to know

The announcement significantly boosts Saudi Arabia’s Vision 2030 strategy to diversify the economy away from oil by the end of the decade.

A view of Al Majdoul, a skyscraper in Riyadh, Aug. 1, 2023.

Feature

Saudi Arabia leans on AI for real estate growth as gigaprojects slow

The kingdom is increasingly announcing projects merging AI and real estate to cut costs while building smarter, data-driven, and more sustainable infrastructure.

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

Justin Setterfield/Getty Images

Interview

Saudi foreign ownership property law won't overheat market, says Dar Global CEO

Saudi Crown Prince Mohammed bin Salman has frozen rent in Riyadh for five years to contain soaring prices.

Ziad El Chaar

CEO of Dar Global

FAYEZ NURELDINE/AFP via Getty Images

Culture

YouTuber MrBeast brings pop-up theme park to Saudi Arabia

Beast Land, open from Nov. 13 to Dec. 27, features several obstacle-course challenges similar to those that appear in the influencer’s videos.