In the heart of the Arabian Peninsula, the Kingdom of Saudi Arabia is undergoing an unprecedented historic transformation, redrawing the contours of its economy under the guiding framework of Vision ...

Saudi Arabia intends to significantly decrease its domestic crude oil usage by 2030, primarily by utilizing the Jafurah shale gas field for increased natural gas production. The Jafurah project, a key ...

Saudi Arabia revised its unemployment goal to 5%, amid record-low national unemployment at 7% and 2.8% overall nationwide. Women’s participation doubled as Female workforce participation reached 36%, ...

In December 2024, Saudi Arabia secured another milestone in its quest to transform its global image and reshape its economy: winning the bid to host the 2034 FIFA World Cup. For the country's de facto ...

Saudi Arabia's breakeven oil price has risen due to increased spending on Vision 2030 and production cuts aimed at supporting oil prices. The IMF warns that Saudi Arabia needs an oil price of $96.20 ...

World Expos welcome tens of millions of visitors, allow countries to build extraordinary pavilions, and transform the host city or even the host country for years to come. The most recent World Expo ...

On May 3, more than 1,600 bankers, investors and government officials gathered at the Al Faisaliah hotel in Riyadh to attend Euromoney’s annual Saudi Arabia conference. Just a week after the ...

Saudi Arabia has long recognised the need to diversify its economy and minimise its exposure to fluctuations in the world’s appetite for oil, and one major move in this aim was made in 2016, when the ...

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Saudi Arabia's Neom project secured a $2.7 billion credit line from local lenders. The Saudi finance minister said the kingdom was "very pleased" with progress on Vision 203 goals. He said "challenges ...

At the Fortune Global Forum in Riyadh, Saudi Arabia’s Minister of Investment, Khalid A. Al-Falih, described the breakthroughs occurring under Vision 2030, the kingdom’s economic transformation plan ...

The Global Labor Market Conference (GLMC) is a significant event positioned to shape the future of labor markets, including teamwork between the US and Saudi Arabia. The GLMC will bring together ...