Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment

Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today.

Saudi Arabia

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Saudi Arabia launches plan to attract $427 billion in investment

Leading architects of Saudi Arabia’s economic transformation will gather on Monday in Riyadh to set out the next steps in the Kingdom’s development. They will launch ...



Deals worth $63 billion signed at Saudi industry conference

Agreements worth 235 billion riyals ($63 billion) were signed on Monday on the sidelines of a Saudi Arabian industrial development conference in the Saudi capital ...



Saudi Arabia in Talks With Businesses to Adjust Economic Reforms

Saudi officials are talking to businesses to see how the government can adjust its economic reform plan after rapid changes hit the private sector hard. ...



Saudi Arabia unemployment edges down

Unemployment among Saudi Arabian citizens eased marginally to 12.8 percent in the third quarter of 2018, official figures released on Sunday showed. ...



Lower prices sees Saudi chemical giant report drop in Q4 profit

Saudi petrochemicals giant SABIC said on Sunday its net profit in the fourth quarter dropped due to lower sales prices but rose for 2018 as ...


Saudi Aramco

Saudis to Keep Aramco’s Hold on Oil Intact Ahead of Share Sale

“There is no intention whatsoever to chip away at Aramco’s exclusivity and its concession,” Saudi Energy Minister Khalid Al-Falih told reporters on Saturday when asked ...


Saudi Aramco

Aramco’s $1.6 Billion Korea Deal Deepens Asian Refining Ties

Saudi Arabian Oil Co. is taking a nearly 20 percent stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion, tightening the grip ...



Mariah Carey to perform in Saudi Arabia

American singer Mariah Carey will perform in Saudi Arabia on January 31. ...


Jamal Khashoggi

Khashoggi inquiry has sought access to Saudi consulate, kingdom

A U.N. human rights investigator leading an international inquiry into the murder of Saudi journalist Jamal Khashoggi said on Saturday she had made a request ...


Mohammed Al Amoudi

Saudi Frees Detainees Including Saudi-Ethiopian Billionaire

Al Amoudi was released after Ethiopian Prime Minister Abiy Ahmed raised his case during a visit to Saudi Arabia last year, the prime minister’s office ...


Iain Carter

European Tour’s Saudi Arabia event under scrutiny

Fresh from triumphs on either side of the world, Justin Rose and Bryson DeChambeau head to the same desert destination for an event that puts ...


Saudi +

Regional and related topics


U.S. Considering Plan to Stay in Remote Syrian Base to Counter Iran

The al-Tanf garrison, located near Syria’s eastern border with Jordan, was established to help local forces fight the Islamic State militant group. But the base, ...


Iran Sanctions

Europe Is Set to Needle Trump With Iran Trade Promotion Plan

As envisaged by the EU, the special purpose vehicle would accept payments from companies that want to trade with Iran, either by receiving waivers for ...


Taliban Talks

US-Taliban peace talks in Doha a ‘significant step’

The US Special Representative for Afghanistan Zalmay Khalilizad said Saturday that talks with the Taliban had been "more productive than they have been in the past," ...



Afghan Women Fear Peace With Taliban May Mean War on Them

Among many women, though, the hopes raised by a possible end to the fighting are mixed with an undeniable feeling of dread. ...


War in Yemen

U.N. envoy urges Yemen combatants to withdraw from lifeline port

The United Nations special envoy to Yemen urged warring parties on Monday to quickly implement a troop withdrawal from the port of Hodeidah, acknowledging that ...


U.S. Defense Spending

Perspective: Believe we’re spending too much on defense? Think again.

Global comparisons of military spending mislead for several reasons. One is secrecy. “What they report is not what they spend,” says Todd Harrison of the ...



Drought, climate change turn Iran’s Sistan and Baluchestan into a dust bowl

When, every May, a vicious, hair dryer-like wind, known as the Wind of 120 Days, begins to whip in across the semi-arid flatlands, the entire ...



Trump’s rollbacks of fossil fuel regulations may carry steep costs

As the Trump administration rolls back environmental and safety rules for the energy sector, government projections show billions of dollars in savings reaped by companies ...



Halal internet? This browser promises to be compliant with Islamic values

SalamWeb relies on community-vetted content filters that mark web pages as appropriate, neutral or inappropriate, while warning users when they approach sites with gambling or ...



In Dubai, Avalanche of New Homes Extends Stubborn Property Slump

Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a record ...


Advanced Tactical Leadership Course

US Didn’t Fly in Recent UAE-Led Exercise

The region's seven-week version of the Air Force's "Red Flag" exercise starts out with participants hitting the books and mission plans, then training regional partners ...



Leading liberal think tank will no longer accept funds from UAE

“With a rising undemocratic tide around the world, and serious questions about which side of that struggle our own president stands on, it seemed clear ...


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