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

Saudis celebrate World Cup announcement

Saudi Arabia bets 2034 World Cup will bring foreign investment, reduce reliance on debt

Hosting the 2034 World Cup will give fresh impetus to Saudi Arabia’s economic diversification plans as tournament-linked construction and developments open new investment opportunities.

SAM PANTHAKY/AFP via Getty Images

Airbus becomes latest multinational to open regional HQ in Saudi Arabia

The European plane maker aims to develop local talent and technological expertise in the fast-growing Gulf market.

WASHINGTON, DC - MARCH 20: President Donald Trump (R) holds up a chart of military hardware sales as he meets with Crown Prince Mohammed bin Salman of the Kingdom of Saudi Arabia in the Oval Office at the White House on March 20, 2018 in Washington, D.C. (Photo by Kevin Dietsch-Pool/Getty Images)

Analysis

Saudi Arabia to pursue two-track approach for Trump presidency

Riyadh is likely to compartmentalize business dealings with incoming President Donald Trump separately from its foreign policy engagements, where there is likely to be disagreement.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

NEOM CEO Nadhmi Al-Nasr speaks during the last day of the Future Investment Initiative conference, Riyadh, Oct. 25, 2018.

Analysis

Why did Saudi Arabia replace Neom's CEO amid budget concerns?

The change in leadership comes at a pivotal time for the $1.5 trillion green, megacity project central to the ambitious agenda of Saudi Vision 2030.

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

US Secretary of Defense Lloyd Austin welcomes Saudi Defense Minister Khalid bin Salman to the Pentagon in Washington, DC, on November 1, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Analysis

In military reshuffle, Saudi Arabia seeks efficiency, closing gap with regional rivals

Saudi Arabia has recently undertaken a significant reorganization of its top military leadership, with new senior appointments to the kingdom’s joint, land and naval forces — a step that could mark a pivotal shift in the country's defense strategy and domestic balance.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

PEDRO PARDO/AFP via Getty Images

Saudi PIF signs deals worth up to $50B with six Chinese institutions

As one of the world’s largest sovereign wealth funds, the $925 billion Saudi PIF is already heavily invested in China.

Beijing

China’s Baosteel ups investment in Saudi steel plate venture to $1B

A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture.

Media image of a Lilium eVTOL jet, download July 18, 2024.

Saudia inks deal for electric flying taxis from Germany amid airline order spree

The agreement to purchase 50 jets, with an option for 50 more, was made with Lilium, headquartered outside Munich.

An Airbus A330 of Saudi airline company, also known as Saudi Arabian Airlines, lands in Toulouse, on July 22, 2017.

As Boeing struggles, Airbus inks 4-aircraft deal with Saudi Arabia

The kingdom ordered four more of Airbus’ A330 Multi Role Tanker Transport aircraft for the Royal Saudi Air Force as Boeing's challenges mount in Gulf over safety issues.

RIYADH, SAUDI ARABIA - MAY 4: Cristiano Ronaldo of Al Nassr celebrates after scoring the 2nd goal during the Saudi Pro League match between Al-Nassr and Al Wehda at Al Awwal Park on May 4, 2024 in Riyadh, Saudi Arabia.(Photo by Yasser Bakhsh/Getty Images)

Culture

Saudi Arabia's soccer dreams tested as Vision 2030 goal posts move

2023 saw Saudi Arabia take the world of soccer by storm with record-breaking spending on new stars, but those hoping for a repeat performance in 2024 have so far been left disappointed.

NEOM, SAUDI ARABIA - NOVEMBER 17: Athletes compete during stage 4 of NEOM Titan Desert Saudi Arabia during the NEOM Beach Games 2023 on November 17, 2023 in Neom, Saudi Arabia. (Photo by Francois Nel/Getty Images for NEOM Beach Games 2023)

Why is Saudi Arabia cutting funding, reducing costs on ambitious projects?

Saudi Arabia is reevaluating its financial priorities under Crown Prince Mohammed bin Salman’s ambitious Vision 2030 plan to diversify the nation away from a reliance on oil.

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).