Vision 2030

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

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.

Saudi Arabia

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.

By Jack Dutton

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

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.

Saudi Arabia

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.

Saudi Arabia