Red Sea Global is turning to bank debt, advance property sales and international hotel operators as the PIF-backed tourism experiment enters a more demanding phase: proving that its resorts can finance themselves. For years, the financial model...
After years of Saudi backing, the electric-vehicle maker is confronting product problems, delayed launches and a more fundamental question: what exactly have the billions bought? For years, Saudi Arabia’s investment in Lucid Motors was...
Saudi Arabia’s push into artificial intelligence and data centers is adding another enormous financing requirement to an economy already trying to fund the costly ambitions of Vision 2030. According to Semafor, HUMAIN, the Public Investment Fund...
When Saudi Arabia opened Sindalah in 2024, the island was presented as the first major project to emerge from NEOM and as proof that the kingdom’s futuristic plans were finally becoming reality. The launch was heavily promoted. Saudi officials...
For years, Saudi Arabia has promoted Vision 2030 as the blueprint for building a diversified economy capable of reducing the kingdom’s dependence on oil. Hundreds of billions of dollars have been invested in tourism, entertainment, sports...
Saudi Arabia’s Vision 2030 is routinely presented as an economic transformation designed to create jobs, increase productivity and build a society prepared for a post-oil future. But beneath the headline reforms, a more complicated social and...
The title celebration held in Riyadh following Al Nassr’s Saudi Pro League championship has once again sparked debate over the changing role of sport in Saudi Arabia. Featuring a Lebanese singer and choreographed dance performances alongside...
Saudi Arabia’s ambitious Vision 2030 development program is facing growing scrutiny as a series of recent developments highlights the financial, engineering, and logistical challenges confronting several of the kingdom’s flagship...
Saudi Arabia’s Mega-Project Marketing Faces Fresh Scrutiny as King Abdullah Park Opening Raises Questions Over Readiness Saudi Arabia’s campaign to showcase King Abdullah Park (KAGA) as one of Riyadh’s flagship summer attractions...
Saudi Arabia’s drive to establish itself as a global leader in artificial intelligence encountered an early reality check after attendees at a major AI conference in Riyadh questioned whether the event lived up to the expectations created by...