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] Through Vision 2030 and its Hydrogen Strategy, Saudi Arabia aims to capture over 10% of the global hydrogen trade by the mid-2030s. Precedence Research
• [New] PIF is committed to developing 70% of Saudi Arabia's renewable energy capacity target by 2030. Uniqus
• [New] Germany is investing billions toward AI independence, France has embedded it into its national strategy, and Saudi Arabia has made it a pillar of Vision 2030. WRAL
• [New] Under Saudi Arabia's Vision 2030 strategy, heritage has become a pillar of economic diversification, with AlUla emerging as a flagship cultural destination. ISPR
• [New] As fraud risk rises globally, the UAE and Saudi Arabia are uniquely positioned to lead the next generation of fraud prevention. Security MEA
• [New] Saudi Arabia has solidified its position as the largest trading partner within the BRICS group, underscoring the potential for robust economic collaboration between the GCC and BRICS nations. CCG Update - Center for China and Globalization
• [New] Ukraine says it has now signed deals with Saudi Arabia, the UAE and Qatar - all hit by Iranian missiles and drones in recent weeks - to share drone expertise and technology, tightening alliances and benefitting from business - and it hopes defence deals - with wealthy US-allied countries. BBC News
• [New] Saudi Arabia's Vision 2030 initiative has spurred investments in entertainment and hospitality infrastructure, including world-class resorts with expansive pool facilities. Market Data Forecast
• [New] We have now secured over 240m of contracts to provide post-tensioning services for hybrid wind towers with key customers in Europe and have significant bid opportunities in Saudi Arabia and Asia in the renewables sector. GlobeNewswire
• [New] With the UAE's interests now diverging from Saudi Arabia's, we could well see the emergence of a new rival group of oil-producing countries aligned with the US. Spiked

Last updated: 11 May 2026