At a time when Saudi officials increasingly emphasize fiscal discipline, project reviews, and the need to prioritize spending amid growing budget deficits and liquidity pressures, new multi-billion-riyal commitments continue to emerge in the sports...
For years, Saudi Arabia’s investment in Jared Kushner’s private equity firm was presented as part of a broader strategy to diversify the kingdom’s international portfolio and expand the global reach of the Public Investment Fund (PIF). Yet Kushner’s...
Saudi Arabia is no longer facing questions about how much it will spend to build NEOM, but how much it will have to spend to walk away from projects it can no longer complete. Reports that approximately SAR 60 billion (around $16 billion) may be...
Saudi Arabia’s ranking of 176th out of 180 countries in the 2026 World Press Freedom Index is more than a negative statistic in an international report. It is a reflection of the media environment that has taken shape under Crown Prince Mohammed bin...
Saudi Arabia’s Public Investment Fund was once presented as the engine that would transform the kingdom into a diversified economic powerhouse beyond oil. Today, however, a growing number of its most expensive ventures are raising a different...
Saudi Arabia’s investment in Lucid Motors was once promoted as proof that the kingdom could buy its way into the future of advanced technology, electric vehicles, and industrial innovation. Today, however, the reality looks very different. Rather...