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.
The comments, delivered virtually at the event hosted by the U.S. Chamber of Commerce, directly addressed the concept of a "reset" in U.S.-Saudi relations, noting that the two allies will remain as such and that the path forward is not as much of a reset but a "restart."
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company's first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports.
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports.
