Tag: Arabias

MBS might be ready for some ‘tough conversations’ about ‘recalibrating’ Saudi Arabia’s Neom and Vision 2030 projects

Saudi Arabia’s Crown Prince is reportedly open to having “tough conversations” about Vision 2030. MBS might be ready to discuss which projects should proceed first, the Financial Times reported. Saudi has been deflecting suggestions that some of its megaprojects are facing financial issues. Crown Prince Mohammed bin Salman may finally be ready to have some […]

Saudi Arabia’s Sci-Fi Megacity in the Desert Isn’t Going Well

Over the last several years, Saudi Arabia has been working on a massive infrastructure project that its leader, Crown Prince Mohammed bin Salman (or MBS) hopes will transform the Kingdom and its relationship with the outside world. The Neom project is a series of developments that are currently under construction in the nation’s Tabuk region. […]

Marriott signs deal to bring Ritz-Carlton Reserve to Saudi Arabia’s Trojena

Hospitality giant Marriott International has signed an agreement with NEOM to bring a new Ritz-Carlton Reserve to Trojena, a year-round mountain resort destination under development in northwestern Saudi Arabia. This marks the second Ritz-Carlton Reserve in Saudi Arabia for Marriott and the seventh collaboration overall between the company and NEOM. Ritz-Carlton Reserve is a highly […]

Dragon Ball Theme Park To Open in Saudi Arabia’s Qiddiya Tourism Project

?si=mtmA5LgRNPD8lU5e Saudi Arabia’s Qiddiya Investment Company has announced that it will be building a Dragon Ball Theme Park. As a planned megaproject for tourism and entertainment, construction on Qiddiya, which is located within the capital city of Riyadh, began in 2019. Since then, developers have announced an e-sports and gaming district, Six Flags, a water […]

Oil Slips After Saudi Arabia’s Price Cuts

Oil prices were drifting lower after Saudi Arabia slashed the price for its flagship Arab Light crude to Asian customers, a barometer for how the kingdom sees the demand outlook. Brent crude was down 0.9% at $78.02 a barrel, while WTI was down 1.1% at $73 a barrel. “The decrease was larger than the market […]