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.

Riyadh

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.

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

Latest News

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

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

FAYEZ NURELDINE/AFP via Getty Images

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

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.

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.

Ezra Acayan/Getty Images

Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts

The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans.

FAYEZ NURELDINE/AFP via Getty Images

Billion-dollar AI, clean energy deals headline Saudi 'Davos in the Desert'

Humain, an AI firm backed by the Saudi sovereign wealth fund, the PIF, signed a $3 billion deal with AirTrunk, a company backed by US asset manager Blackstone, to build a data center campus in the kingdom.

A Delta Air Lines Airbus A220 airplane prepares to takeoff at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 10, 2025.

Delta to launch first direct US-Saudi flight as business ties deepen

Beginning in October 2026, Delta will fly from its Atlanta hub to the Saudi capital three times a week on an Airbus A350-900 — a route that will span more than 7,000 miles.

Former Uber CEO Travis Kalanick leaves the Phillip Burton Federal Building on day three of the trial between Waymo and Uber Technologies on February 7, 2018 in San Francisco, California.

Saudi Arabia grants citizenship to Uber co-founder, Red Sea Global CEO

Uber co-founder Travis Kalanick and Red Sea Global CEO John Pagano have been granted Saudi citizenship.

Ziad El Chaar, Dar Global's chief executive officer. — Dar Global

Interview

Dar Global hints at Trump real estate deals in Saudi Arabia’s gigaprojects

The Dubai-headquartered real estate company has worked with the Trump Organization on luxury property developments across the Gulf.

Ziad El Chaar

Chief Executive Officer, Dar Global