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Saudi PIF Advances 2026–2030 Strategy Focused on Returns and Private-Sector Participation

The Public Investment Fund is implementing a five-year strategy centred on long-term financial returns, investment efficiency, competitive domestic industries and a larger role for private-sector partners.
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Sudair Pharma Plans Major Saudi Insulin Plant for 2027

Sudair Pharma says it will begin domestic insulin production next year at a facility costing more than 280 million riyals, supporting Saudi efforts to localize essential pharmac...

Houthis Claim They Shot Down Saudi F-15 Over Yemen

Houthi forces say they downed a Royal Saudi Air Force F-15 over Marib using a locally produced missile, although Saudi authorities have not independently confirmed the aircraft ...

ADES Completes $285 Million Acquisition of Saipem’s Saudi Drilling Business

Saudi-based ADES has completed its purchase of Saipem’s shallow-water drilling operations in the kingdom, adding a fleet of five jack-up rigs to its offshore portfolio.

Saudi Arabia Advances $18 Billion Data-Center Expansion Plan

The kingdom is targeting 1.3 gigawatts of data-center capacity by 2030 under a national digital-infrastructure program designed to attract hyperscale cloud and artificial-intell...

Saudi AI Company Humain Begins Preparing for Future IPO

The PIF-backed artificial-intelligence company has begun laying the groundwork for a public listing after rapidly expanding partnerships with companies including Nvidia and Amaz...

PIF’s 2026-2030 Strategy Prioritizes Returns, Investment Efficiency and Private Capital

Saudi Arabia’s sovereign wealth fund is entering a new phase that places greater emphasis on sustainable financial returns, disciplined capital allocation and increased particip...

PIF Recalibrates NEOM Around Capital Efficiency and More Commercial Projects

Saudi Arabia’s sovereign wealth fund is tightening spending across NEOM, with contracts at Trojena and other developments reduced or terminated while greater near-term emphasis ...

Saudi Oil Cargo Cancellations Force European Refiners to Seek Alternatives

Some late-September Saudi crude shipments to European customers have been canceled or delayed after Yanbu loadings were suspended, pushing refiners to secure replacement supplies.

Saudi Arabia Issues Emergency Alerts in Mecca, Jeddah and Taif

Civil Defense briefly warned residents of possible attacks in the three western cities after a series of Houthi missile and drone strikes, including attacks that injured civilia...

Houthi Advance Raises New Threat to Bab el-Mandeb Shipping

The Houthis’ capture of strategic territory on Yemen’s Red Sea coast, including Mokha and Mayun Island, has increased risks around the Bab el-Mandeb chokepoint and complicated S...

Saudi Arabia and Egypt Coordinate Response to Red Sea Security Crisis

Crown Prince Mohammed bin Salman and Egyptian President Abdel Fattah el-Sisi called for closer coordination to protect Red Sea navigation and regional security as Houthi attacks...

Trump Declines Saudi Request for Direct US Strikes on Houthis

Crown Prince Mohammed bin Salman sought American military assistance as Houthi forces expanded their threat to Red Sea shipping, but Washington opted for intelligence and target...
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