At the recent Future Investment Initiative in Riyadh, often dubbed ‘Davos in the Desert’, Saudi Arabia’s traditional reliance on oil was overshadowed by a new ambition: to become a global
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Saudi Arabia has intensified its ambitions in the technology sector by investing more than $1bn (£744m) into Magic Leap, a Florida-based firm developing mixed reality headsets designed to compete with
At a dazzling ceremony this past summer, Saudi esports giants Team Falcons were handed the Esports World Cup trophy by Crown Prince Mohammed bin Salman in Riyadh. The event, which
Saudi Arabia’s sovereign wealth fund has reduced the value of its flagship “giga-projects” by eight billion dollars, casting a fresh spotlight on the challenges facing the kingdom’s high-profile economic transformation
For the better part of the last decade, Saudi Arabia has attracted dealmakers, bankers, and asset managers seeking capital, largely due to its ambitious sovereign wealth fund embarking on a
