Category: saudiarabia

In 2019, Saudi Arabia’s proven oil reserves were estimated at 263.1 billion barrels[1]. At the rate of production at the time, this was equivalent to around 70 years of production, which takes us to 2089. The oil-producing countries are all aiming to diversify, because the oil bonanza won’t last more than thirty years or so: […]

Investments in Europe are on the verge of becoming one of the pillars of Saudi Arabia’s strategy to wean itself off oil revenue. Behind high-profile projects like The Line, we can see a certain rebalancing between the domestic and international aspects of this strategy. While internal investments have long been the most visible and foreign […]