Saudi Arabia plans to revise Vision 2030 strategy, finance minister says

Saudi Arabia is officially revising its Vision 2030 strategy, moving away from grandiose megaprojects towards more traditional industries. The finance minister announced a greater focus on tourism, manufacturing, logistics, and technology, where the kingdom hopes to gain a competitive advantage. As a result, high-profile developments like the Neom city and the Mukaab structure are being scaled back or suspended. The new strategy includes a significant push into artificial intelligence, leveraging the country's cheap energy from fossil fuels to attract data centers.