Latest stories about Saudi economic diversification

Saudi firms, including PIF-backed entities, are eyeing Hong Kong listings to strengthen Gulf-Asia financial ties; a collaboration with HKEX could reshape regional investment opportunities.

Saudi Arabia’s PIF refocuses its strategy, pivoting from global assets to domestically driven projects in line with Vision 2030. The fund’s recalibration aligns with the kingdom’s economic diversification goals amid global fiscal shifts.

Riyadh Air, launched in 2023, is set to revolutionise Saudi Arabia's aviation industry with a tech-driven, sustainable approach and plans to connect Riyadh to over 100 global destinations by 2030, in accordance with the Government's Vision 2030 initative.

Saudi Arabia is poised to sell at least $10 billion in Saudi Aramco shares to boost its Public Investment Fund (PIF) as part of its Vision 2030 economic diversification strategy. This sale follows the record-setting 2019 IPO and aims to further enhance the PIF’s assets amid ongoing mega-projects.