Vision 2030

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

PAUL ELLIS/AFP via Getty Images

Blackstone, Abu Dhabi's Lunate set up $5B GCC logistics investment platform

The new platform will capitalize on the growing logistics sector in the Gulf.

United Arab Emirates

A Riyadh Metro train makes its way along a track in the middle of a road in Riyadh on December 3, 2024.

What’s next for Saudi Arabia’s budget balancing act as deficit doubles?

The Gulf state now expects a deficit of $65.3 billion in 2025 — more than double the initial forecast — as the kingdom continues heavy spending amid weak oil prices.

Latest News

After China, Saudi industry minister visits Vietnam in eastward economic push

The Saudi delegation meets with Vietnamese officials in Hanoi, Sept. 29, 2025.

Gaming giant Electronic Arts taken private in $55B Saudi-backed buyout

EA office building in Austin, Texas, USA.

Saudi Arabia courts Chinese firms in mining investment drive

FAYEZ NURELDINE/AFP via Getty Images

Analysis

OECD forecasts 3.7% growth for Saudi Arabia, citing US tariff shield

Pictured is the entrance to King Abdullah Economic City in Jeddah, on Feb. 3, 2009.

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

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019.

Saudi Arabia poised to raise $11.2B in Aramco's second IPO

Aramco had set a price range of its shares between 26.7 and 29.0 riyals ($7.12 and $7.73) but said on Friday it ended up pricing them at 27.25 riyals ($7.27).

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Will Saudi Aramco's massive share sale to raise $12B pay off?

Saudi Arabia is selling a 0.64% stake in its state energy company in a bid to offset rising debt and fund its economic diversification plans, but foreign investors remain wary.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

French Foreign Minister Jean-Yves Le Drian attends the Moldova support conference at the Foreign Ministry, Berlin, Germany, April 5, 2022.

Le Drian says France keen to help Saudi Arabia transition away from oil

France's former top diplomat said that his country was supportive of Saudi Arabia's efforts to diversify its economy.

AYEZ NURELDINE/AFP via Getty Images

Saudi Arabia sees 477% increase in multinational HQs in first quarter

The 127 international companies relocating to Saudi Arabia so far this year follow a Saudi program to attract world businesses.

Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ

The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in the capital, Riyadh.

Qatar's Finance Minister Ali bin Ahmed Al Kuwari (L) listens as his Saudi counterpart Mohammed Al-Jadaan speaks during a session at the Qatar Economic Forum in Doha on May 14, 2024.

Saudi Arabia 'conservative' on oil revenue as it pares back Vision 2030 plans

Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices.

Saudi Crown Prince Mohammed bin Salman (R) attends a meeting with Chinese President Xi Jinping (L) at the Great Hall of the People in Beijing on Feb. 22, 2019.

Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing

Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Saudi-UK tech hub

Interview

Saudi Arabia's giga-projects to offer 'testing ground' for British technology

Saudi startups and fintech firms are looking to tap into the United Kingdom's $1 trillion tech market.

Matt Jones

Matt Jones

Saudi British Joint Business Council Project Officer

Saudi Defense Minister and Deputy Crown Prince Mohammed bin Salman gestures during a press conference in Riyadh, on April 25, 2016.

Analysis

After Neom cut, Saudi Arabia expected to scale back more Vision 2030 plans

Authorities had originally planned for 1.5 million residents to live in The Line part of Neom, but they scaled back their ambitions to around 300,000.

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

Saudi Mining and Industry Minister Bandar Al-Khorayef addresses the Future Mineral Forum in Riyadh on Jan. 10, 2024.

Saudi Arabia offers $182M package, other incentives for mining investors

The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil.

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.

FAYEZ NURELDINE/AFP via Getty Images

UK-Saudi deal allows kingdom to tap into Britain’s $1T tech market

The kingdom spent $5.1 billion on research and development in 2022, a 32.7% from the previous year’s $3.9 billion.