Saudi Arabia is mired in a paradox that revolves around barrels of oil. Years ago the kingdom launched an ambitious program to reduce its dependence on ‘black gold’, a key element in its accounts and public treasury. Under the name of ‘Vision 2030’ basically proposed to diversify its economy with a rosary of projects which … Read more
Saudi Arabia imagined an almost dystopian future based on futuristic ski resorts, 170 km linear skyscrapers and paradise islands for millionaires. Reality has forced the Saudi authorities to wake up from their reverie and face serious cost overruns in the construction of their pharaonic projects and lack of budget to cover them. He Financial Times … Read more
The story is striking in itself: Saudi Arabia and the United Arab Emirates, two countries closely associated with the desert, import tons and tons of sand every year. So striking, in fact, that the first intuition is that it is false. But, as soon as you get closer to it, you discover that not only … Read more
The Formula Rossa of the Ferrari World Abu Dhabi, in the United Arab Emirates, has just been dethroned a few days ago. podium of the most spectacular roller coasters in the worldand with a drop of 127 meters and up to 240 kilometers/hour as top speed, these were shocking figures. But you don’t have to … Read more
Maybe the Spanish we are moving away little by little from alcohol, but beer, wine and spirits continue to be a pillar of Western leisure. Saudi Arabia knows this well, as in its efforts to modernize and gain appeal to Westerners (both expats wealthy as tourists) has decided to make more flexible access to the … Read more
One of the most important tasks of the traffic police of any big city. Cars in double rows, speeding, parking in wrong places, etc. However, as how they collect British media, this task has intensified especially in the wealthiest area of London, where the great Saudi sheikhs and magnates notice the insignificant amount of a … Read more
Saudi Arabia has put one of the most ambitious railway projects in the Middle East on the table, and the response from the global industry has been especially strong: 145 international companies have officially expressed their interest for participating in the new high-speed line that will connect Riyadh with Qiddiya, a newly created city dedicated … Read more
Saudi Arabia has launched one of the most ambitious railway projects in the Middle East: the “Landbridge” or “Land Bridge”, a $7 billion high-speed network that will connect the Red Sea to the Persian Gulf. The infrastructure will link Jeddah to Dammam via Riyadh, covering nearly 1,500 kilometers with the aim of completely transforming transport … Read more
An Arab sovereign background has just closed the greatest leverage purchase operation in history: 55,000 million dollars per electronic arts. Paying a 25% premium (in the normal fork), apparently without haggling (definitely abnormal). Closing the operation in record time. And nobody lifts an eyebrow. Because it is supposed to be “only video games.” But they … Read more
Post in development The rumors of this weekend They gave in the nail: Electronic Arts has finally been acquired by an investment group Headed by the sovereign Fund of Saudi Arabia and Private Investment firms Affinity Partners, owned by Jared Kushner –Donald Trump son -in -law-, and Silver Lake. The agreement values each at $ … Read more
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