Saudia Arabia and Iran squash decades of hostility with unprecedented joint military drills
Saudi Arabia and Iran held their first-ever joint naval drills in the Gulf of Oman, their ministries revealed this week, in what would seem to be a sign of rapprochement between the longtime regional foes.
Saudi Arabia will reportedly give a select group of visitors a first glimpse of Neom, showing them Sindalah — a luxury island retreat in the Red Sea
Before the Future of Investment Initiative starts next week, Mohammed bin Salman has invited some outsiders to see the first completed part of Neom.
More than money: The geopolitics behind Saudi Arabia’s sports strategy
There’s a saying in sports journalism: “The answer to all your questions is money.” But in the case of Saudi Arabia’s massive sports investment programs during the reign of Crown Prince Mohammed Bin Salman, money is not the whole story. In a simple sense, there is a clear profit motive. With US$925 billion in assets in 2023, Saudi Arabia’s sovereign wealth fund exists to convert oil revenues into even greater national income. Last year, the country’s Public Investment Fund reported $36.8 billion in profits. Since 2016, it has spent $51 billion on sports properties. The point is not to turn...
Construction begins on 'world's largest building' in Saudi Arabia with colossal 1,300ft cube featuring AI holographic technology and rotating tower
Construction of the 1,300ft tall cube-shaped Mukaab skyscraper, set to be the world's largest building, has officially begun in Saudi Arabia.
Saudi Arabia's FDI inflows at $26 billion in 2023, exceeding target
ABU DHABI (Reuters) - Saudi Arabia, the Arab world's biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation methodology.