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

A picture taken on December 7, 2022 in Riyadh, shows the Chinese and the Saudi flags adorning a street ahead of the Chinese president's visit to the Saudi capital. - Chinese President Xi Jinping will make a three-day visit to Saudi Arabia this week, meeting the king and de facto ruler of the world's biggest oil exporter. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia's Diriyah awards Chinese firm $1.53B contract: What to know

Saudi Arabia’s Diriyah Company has awarded a major contract to China Harbour Engineering Company for the development of a Vision 2030 project.

People attend the international esports gamers Next World Forum, in the Saudi capital, Riyadh, on Sept. 7, 2022.

Analysis

Elite gamers chase $70M at Saudi Esports World Cup as Riyadh eyes bigger prize

Although aligned with Riyadh’s overall sports strategy, the Esports World Cup also plays a unique role in showcasing the Gulf nation’s tech and pop culture reach.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

CORRECTION / A picture taken in Riyadh shows the sign in Arabic of an Aramco gas station on the outskirts of the Saudi capital Riyadh on November 5, 2024. Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on November 5, 2024, citing low oil prices. (Photo by Fayez Nureldine / AFP) / "The erroneous mention[s] appearing in the metadata of this photo by Fayez Nureldine has been modified in AFP systems in the following manner: changing the second phrase to refer to Saudi

Saudi PIF reports 60% profit drop as inflation, low oil prices bite

The PIF said that the impairments were mainly related to changes in operational plans and increases in budgeted costs.

Neom

France's EDF reportedly dropped from Saudi Neom project: What to know

EDF was appointed by the Saudi government in January 2024 to carry out preliminary studies on the conception and construction of a hydroelectric power plant in Neom.

President Donald Trump shakes hands with Saudi Arabia's crown prince, Mohammed bin Salman, in the Oval Office of the White House on March 20, 2018.

Analysis

Will Trump's push for Gulf investment align with regional economic realities?

During his May 13-16 trip, Trump aims to unveil trillions of dollars in Gulf investment and trade commitments in the United States.

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

Yasser Hassan

Exclusive

'Cloud First' policies give Saudi Arabia, UAE edge in AI race: Amazon exec

In March 2024, AWS announced plans to invest $5.3 billion in Saudi Arabia to launch a cloud infrastructure region in the kingdom by 2026.

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

EU-GCC summit

Saudi PIF, Italy sign $3B export deal as ties grow under Meloni: What to know

The agreement will help the kingdom's many giga projects as well as Italian exporters.

Delegates arrive for the opening session of the United Nations Convention to Combat Desertification, UNCCD COP16, in the Saudi capital Riyadh on December 2, 2024. Saudi Arabia is hosting the COP16 UN conference on land degradation and desertification as the top oil exporter pitches itself as an environmental defender despite criticism of its role at climate talks. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia markets Middle East's first euro green bond: What to know

The kingdom, currently the world’s top oil exporter, looks to have half of its electricity powered by renewable energy by 2030.

This picture shows a construction site for Saudi Arabia's Public Investment Fund in Riyadh, on April 16, 2023.

Saudi Arabia’s non-oil private sector grows at fastest rate in over a decade

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.

AFP via Getty Images

Saudi Arabia eases foreign investment laws for Mecca, Medina real estate

Foreign investors will have access to limited shares of companies listed on the Saudi capital market, convertible debt instruments or both, the Saudi Capital Markets Authority said in a statement.

Saudi Finance Minister Mohammed al-Jadaan attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on Jan. 19, 2024.

Exclusive

Saudi finance minister hints kingdom could meet 2030 renewables target early

On Monday, the kingdom commissioned its largest battery energy storage system to its grid, with a capacity of 500 megawatts and the ability to store 2,000 megawatt hours of electricity.

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

MBS

Analysis

New Saudi-Greek strategic council: Boost for defense, energy, EU ties

Riyadh and Athens are steadily expanding their ties to include military, political and economic dimensions, driven by a shared commitment to regional stability and economic diversification.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran