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The desert kingdom is cutting off the tap: Saudi Arabiaโ€™s new plans for its petrodollars

6 May 2026 at 10:07

In recent years, Saudi Arabia has established itself as one of the worldโ€™s most active and ambitious investors. From financing the futuristic city of Neom on coast of the Red Sea to signing Cristiano Ronaldo for Al-Nassr and hosting a Formula 1 Grand Prix in Jeddah, not forgetting its investments in Western companies like SoftBank, Uber and Telefรณnica, Riyadhโ€™s financial resources have left virtually no sector unexplored.

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ยฉ Yasser Bakhsh (GETTY IMAGES) (EL PAรS)

Cristiano Ronaldo (left) plays a Saudi league match on January 21 in Abha, Saudi Arabia.
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