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Global Scans · Saudi Arabia · Weekly Summary


DRIVER: Saudi Arabia could see some tumultuous economic policy changes provoked by the lower oil price era and the emerging challenge from renewable energies. It also faces threats from Middle East turmoil.

  • [New] Saudi Arabia and the UAE have successfully encouraged retrofitting through incentives and specific policy objectives, with Dubai hoping to retrofit 30,000 buildings by 2030. OBSERVER RESEARCH FOUNDATION ( ORF )
  • [New] Although Oman, Qatar, Saudi Arabia, and the UAE are actively developing NAPs, they have separately developed national strategy plans acknowledging extreme heat risk. OBSERVER RESEARCH FOUNDATION ( ORF )
  • [New] Saudi Arabia has set targets for 2030: 25% of freight transport and 15% of public transit to be autonomous. Gasgoo Auto News
  • [New] If the targets outlined in Vision 2030 are achieved, AI will play a defining role not only in improving industry operations but also in helping Saudi Arabia compete globally in a sector increasingly driven by data, efficiency and advanced technology. Arab News
  • [New] AirTrunk plans to build data centers in Saudi Arabia, in partnership with AI company Humain. ST
  • [New] Saudi Arabia maintains storage in various locations around the world, indicating that its national oil company has prepared for the potential disruption to oil exports caused by a Strait of Hormuz closure. Energy Musings
  • [New] Among the other countries in the IMF's top 10 list, the USA is expected to contribute 9.9% to the world's real GDP growth, followed by Indonesia with 3.8%, Turkey 2.2%, Saudi Arabia 1.7%, Vietnam 1.6%, while both Nigeria and Brazil are expected to contribute 1.5% each. @mathrubhumi
  • [New] In Saudi Arabia, digital inclusion is a central pillar of Vision 2030, reflected in major investments in digital government, skills, connectivity, and regulatory cooperation. The Fintech Times
  • [New] Saudi Arabia has announced a series of new economic and industrial measures aimed at boosting private sector growth, expanding non-oil industries, and advancing progress under Vision 2030. Uniqus
  • [New] Success stories like SparkLabs: Their new fund marries top-tier academic talent with global investors, offering unprecedented opportunities for engineers and entrepreneurs in Saudi Arabia. Mean CEO's BLOG
  • [New] By 2026, mining sector investments driven by Aramco's Riyadh HQ are projected to reach $32 billion in Saudi Arabia. Farmonaut
  • [New] Rated GCC companies' capital expenditure (capex) requirements remain elevated amid sizeable government spending plans, with around 29% of projected 2026-2027 capex concentrated in Saudi Arabia. Economy Middle East
  • [New] Saudi Arabia's Vision 2030 initiative includes a significant investment in aviation infrastructure, aiming to increase annual passenger capacity. Market Data Forecast
  • [New] Saudi Arabia's build-out could reduce domestic use by roughly one million additional barrels per day by 2030, thereby reshaping regional energy revenues and creating further demand for grid, storage, and transmission projects. A&O Shearman
  • [New] Saudi Arabia, while no friend of Iran, has voiced caution about an attack on Iran as Gulf monarchies fear instability that could jeopardize their reputation as business havens. Space War
  • [New] Saudi Arabia's Vision 2030 is the single biggest force behind industrial sand demand right now. Futurism
  • Saudi Arabia, having set its net-zero target for 2060, has been heavily investing in the renewable energy sector, and with the world's largest green hydrogen plant, located in Neom, set to become fully operational in 2027. ArabNews
  • The challenges Saudi Arabia could face include ensuring global demand certainty, securing long-term offtake contracts, and remaining cost-competitive as international hydrogen markets evolve. ArabNews

Last updated: 16 March 2026



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