Explainer After $5B in Saudi backing, what’s next for bankrupt LIV Golf? Saudi Arabia is likely to focus on hosting key sporting events and developing the esports scene after the failures of LIV Golf. Saudi Arabia
Analysis Iran war tests Gulf's theme park ambitions Saudi Arabia is pressing ahead with multibillion-dollar projects as the conflict disrupts regional tourism and exposes weaknesses in the Gulf states' entertainment strategies. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
France, Saudi Arabia announce more than $10B in deals on MBS visit Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris. Saudi Arabia
Culture Iran war hits Saudi gaming drive as Esports Nations Cup pushed to 2027 The postponement is a blow for the kingdom, which has made growing its esports sector one of the main priorities under its Vision 2030. Saudi Arabia
Interview Saudi labor localization will take ‘generation or two': Armada CEO Olivier Badard CEO of Armada Holding
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. Saudi Arabia
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. Saudi Arabia
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. Saudi Arabia
Saudi PIF-owned company, tourism fund partner on new downtown for Riyadh Saudi Arabia’s Public Investment Fund is working with the kingdom’s Tourism Development Fund to create "the world’s largest downtown" in the capital. Saudi Arabia
Saudi Arabia reports oil export slump after OPEC cuts The dip in exports for the fourth quarter of 2023 was due to Saudi Arabia’s decision to reduce crude output in accordance with the Organization of Petroleum Exporting Countries and allies — the kingdom has also implemented voluntary cuts. Saudi Arabia
Saudi tech giant expands investments into China, AI as part of $100B plans Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil. Saudi Arabia
South Africa’s Milkor gets go-ahead to produce drones in Saudi Arabia The Gulf country is bolstering its defense capabilities amid increasing instability in the Middle East. Saudi Arabia
Davos 2024: Reaching net zero without space tech 'wishful thinking,' says Saudi minister On the sidelines of the World Economic Forum, Saudi Arabia’s Minister of Communications and Information Technology Abdullah bin Amer Alswaha told Al-Monitor that technology will help countries deliver on climate promises. Saudi Arabia
Will Saudi Arabia see mining gold rush in 2024? The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition. Saudi Arabia
