Saudi Arabia's leadership in the OPEC+ group of oil-producing nations "brought a kind of predictability and stability and caution to the market" as the global economy recovers from the pandemic in 2021, Pulitzer Prize-winning historian of the oil industry Daniel Yergin told Arab News.
Saudi Arabia's Public Investment Fund (PIF) has emerged as the lead investor in a planned $800 million Middle East infrastructure fund being established by Aberdeen Standard Investments and Investcorp, Bloomberg reports, citing a statement.
The operator of Saudi Arabia’s Red Sea Gateway Terminal (RGST) is looking to invest in ports in Africa and the Middle East, following backing from the Kingdom’s sovereign wealth fund (PIF), Bloomberg reports.
Saudi Arabia hopes to raise about $55 billion over the next four years with a revitalized privatization program, the country's finance minister Mohammed Al-Jadaan told the London-based Financial Times in an interview published over the weekend.
Saudi Arabia’s ultra-luxury Amaala tourism project may raise up to 10 billion riyals ($2.7 billion) in 2022, the CEO of the company, John Pagano said in an interview on the sidelines of Arabian Travel Market in Dubai.
The Biden administration is sending a team of senior officials to visit top regional allies in the Gulf including visits to Saudi Arabia, the UAE, Egypt, and Jordan, according to reports from several news outlets.
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
New photos from the AFP published in Gulf News show Riyadh's forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city's districts.
