Saudi Arabia unveils SR1.02 trillion budget in privatization push

Cars drive past the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 30, 2018. (REUTERS)
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Updated 10 December 2019
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Saudi Arabia unveils SR1.02 trillion budget in privatization push

  • King Salman pledges to empower private sector and boost transparency across the economy
  • Saudi Finance Minister Mohammed Al-Jadaan said government would continue its focus on developing the private sector

RIYADH: Saudi Arabia is set to spend SR1.02 trillion ($272 billion) next year as the Kingdom embarks on a major privatization push amid a widening budget deficit.
The government’s annual budget released on Monday predicts revenue of SR833 billion in 2020, leaving a projected deficit of SR187 billion — or the equivalent of 6.4 percent of GDP. It anticipates real GDP growth of about 2.3 percent next year.
King Salman announced the figures at a cabinet meeting in Riyadh.
“We are determined to continue implementing economic reforms, diversifying sources of income, including investing the proceeds of Saudi Aramco by the Public Investment Fund, optimizing the use of available resources, empowering the private sector and raising the level of transparency and efficiency of government spending to boost growth and development rates,” he said.

Announcing the budget breakdown, Saudi Finance Minister Mohammed Al-Jadaan said that while spending next year would be less than in 2019, the government would continue its focus on developing the private sector, stressing there would be no increases in taxation.
“Privatization is at the top of the government’s priorities,” he told reporters.
“We will continue to support big projects and will continue to support promising projects,” he said. ” Enabling the private sector is the top priority of Vision 2030. We have more to come and our journey toward Vision 2030 demands it.




Saudi Finance Minister Mohammed Al-Jadaan said the government would continue its focus on developing the private sector. (Ahmed Fathi)

The budget takes place against a backdrop of quickening reforms in 2019 and a number of key events from the record initial public offering of Saudi Aramco to the creation of fast track tourism visas.
“We believe that the revenue assumptions in the budget are realistic, both oil and non-oil,” Monica Malik, chief economist at Abu Dhabi Commercial Bank, told Arab News.
“Despite the planned pullback in government spending, we expected to see a pickup in real non-oil GDP growth as investment activity strengthens. Spending by the PIF will be central for the higher investment activity.

"The finance ministry hosted a visit of international investors to coincide with this year’s budget announcement, underscoring the government’s desire to attract more overseas investment in the slipstream of the world’s biggest IPO. The group included a number of international investment companies, insurers and asset managers, including Goldman Sachs, Mayfair Bank, Etiqa Insurance and Nippon Life Insurance Company among others.
Saudi banks such as SAAB, Samba, NCB, Bank AlJazira and Alinma Bank also attended.
While reducing the Kingdom’s dependence on oil revenues is a key part of the Vision 2030 reform agenda, the commodity remains the principal driver of spending trends for both Saudi Arabia and other Arabian Gulf oil-exporting nations.
They have been coordinating production cuts since 2017 through the OPEC+ group of producers that includes Russia, in an effort to keep the market in balance amid surging output from US shale producers.
Last week the Kingdom spearheaded an agreement between the OPEC+ group of exporters to commit to further output cuts to help avert an oversupply of oil on the global market.
Education gets the lion’s share of government spending in 2020 with some SR193 billion set aside for the sector after more than 500 schools were opened in 2019.
The budget analysis also reveals that most non-oil sectors of the economy posted positive growth rates during the first half of this year with the construction sector recording growth for the first time since 2015.
That helped to reduce the unemployment rate among Saudis at the end of the first half of the year by 0.4 percentage points to 12.3 percent compared to the end of 2018.
US-based IHS Markit analyst Bryan Plamondon, told Arab News: “The 2020 budget highlights rationalized spending, with debt issuance and reserves helping to fill the gap from weaker revenues. We expect the Kingdom’s fiscal account will post wider deficits during 2020–21 as spending on Vision 2030 continues.”

*Click here for the full budget statement from the Ministry of Finance


Saudi royal reserve welcomes Nubian ibex twins

Updated 27 July 2025
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Saudi royal reserve welcomes Nubian ibex twins

  • First successful breeding is milestone in Kingdom’s rewilding efforts

RIYADH: Two Nubian ibexes have been born at the Prince Mohammed bin Salman Royal Reserve, marking the first successful breeding of the goat species as part of the reserve’s rewilding program, part of the ongoing restoration of 23 native species in Saudi Arabia, according to a report by the reserve’s development authority.

The Nubian ibex is listed as “vulnerable” by the International Union for Conservation of Nature, with fewer than 5,000 mature individuals remaining worldwide.

Andrew Zaloumis, CEO of the reserve, told Arab News: “The reserve’s rewilding strategy follows scientific best practices. Historically native species are reintroduced and managed by vets and specialist rangers.”

The two new Ibex kids with herd, part of the reserve’s rewilding program. (Supplied)

He added: “This includes a controlled diet and constant monitoring to ensure optimal breeding conditions. Programs are underway to restore ibex ecosystems to support viable wild populations under ranger protection.”

The Nubian ibex is the smallest of five ibex species and is well adapted to Saudi Arabia’s arid mountains. Their concave hooves help them navigate steep cliffs, making the reserve’s terrain a suitable habitat for them. Ancient petroglyphs in the area document the ibex’s historical presence there.

Zaloumis said the births mean that four species have now been successfully bred in the program: the Nubian ibex, the Arabian oryx, the sand gazelle, and the mountain gazelle.

The reserve’s sandstone massif Jabal Qaraqir, currently on Saudi Arabia’s UNESCO World Heritage Tentative List, provides refuge for a number of species, with its cliffs and Wadi Al-Disah Valley offering year-round water and natural protection.

The reserve’s Integrated Development Plan “ensures a science-based approach to habitat restoration,” according to a statement. So far, 11 of the 23 native species selected for reintroduction have returned to the wild, with populations growing through collaborative conservation efforts, including a partnership with the National Center for Wildlife.

The 24,500 sq. km reserve extends from the Harrat lava plains to the Red Sea, linking NEOM, Red Sea Global, and AlUla. It hosts the Public Investment Fund’s Wadi Al-Disah project and Red Sea Global’s Destination AMAALA.

The reserve covers 15 different ecosystems. And while it represents just one percent of the Kingdom’s land and 1.8 percent of its marine area, it contains more than half of the Kingdom’s species — making it among the most biodiverse protected areas in the Middle East.

The reserve is “focused on restoring and conserving natural and cultural environments, including reintroducing 23 historically native species such as the Arabian leopard, cheetah, Arabian oryx, and Lappet-faced vulture” as part of its rewilding program.

 


Young artist recreates memories with miniature homes

Young artist Shahd Al-Haq’s childhood in Makkah deeply shaped her sense of place and visual style. (Supplied)
Updated 27 July 2025
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Young artist recreates memories with miniature homes

  • As cities transform, Shahd Al-Haq is helping Saudis reconnect to the past using art

JEDDAH: As Saudi cities embrace rapid transformation and modernization, one young artist is lovingly recreating the homes, streets and stories of old neighborhoods in miniature form, to make sure their spirit is not lost in the process of change.

Shahd Nabil Jad Al-Haq, a 20-year-old artist with Palestinian roots and a Makkawi upbringing, is preserving the soul of disappearing communities through intricate models that celebrate memory, culture and identity.

Her project, “CYAN,” turns nostalgia into something you can see, hold and feel.

Jad Al-Haq’s passion for this kind of art began in childhood, but she developed it professionally in recent years. (Supplied)

“A house is not just walls … it’s moments and memories,” she told Arab News.

In recent years, entire neighborhoods in Makkah and Jeddah have been cleared to make way for smart, efficient and modern developments.

While these decisions are required from an urban planning perspective, the emotional toll has been heavy for some.

HIGHLIGHTS

• Shahd Jad Al-Haq, a 20-year-old artist with Palestinian roots and a Makkawi upbringing, is preserving the soul of disappearing communities through intricate models.

• One of her most touching projects was a model of a family house that was demolished in Jeddah’s old Hindawiyah district.

People — Saudis and non-Saudis alike — have lost more than just buildings; they have lost memories, neighbors, childhood alleyways and the homes that shaped their lives.

Young artist Shahd Jad Al-Haq’s childhood in Makkah deeply shaped her sense of place and visual style. (Supplied)

Amid this sense of loss, Jad Al-Haq found her calling.

“My dream was to study architecture. But through dioramas, I found my own way to connect that dream with art,” she said. “‘CYAN’ reflects who I am, how I feel and the places I miss.”

Jad Al-Haq’s childhood in Makkah deeply shaped her sense of place and visual style.

Jad Al-Haq’s passion for this kind of art began in childhood, but she developed it professionally in recent years. (Supplied)

“My love for old homes and everyday details comes from the world I grew up in. It’s something that shows clearly in my work,” she said.

The first model she created was of her family’s old home, which she gave to her father as a surprise.

“His reaction shocked me; his eyes filled with tears. He said I had taken him back in time. That’s when I realized this was more than just art; it was a responsibility,” she added.

My love for old homes and everyday details comes from the world I grew up in. It’s something that shows clearly in my work.

Shahd Jad Al-Haq, Artist

Al-Haq’s passion for this kind of art began in childhood, but she developed it professionally in recent years. That is when she launched “CYAN” as a cultural, artistic and business project.

Jad Al-Haq’s passion for this kind of art began in childhood, but she developed it professionally in recent years. (Supplied)

She works with materials like wood, cardboard, acrylic and foam, using fine sculpting tools and modern techniques like 3D printing.

“I don’t just work on how things look; I work on how this model will make people feel,” Al-Haq said. “The sound of a door, the sunlight through a window … I want to bring people back to their homes emotionally, not just visually.”

Her project has garnered considerable attention, both within and outside the Kingdom. She has received work requests from many countries and regions, including Kuwait, the UAE, Europe and even the US, from people who long for the homes they once lived in.

One of her most touching projects was a model of a family house that was demolished in Jeddah’s old Hindawiyah district.

“The reaction was unforgettable. There were tears and memories. It was a moment I’ll always carry with me,” Jad Al-Haq said.

Abdulaziz Al-Harbi, who received a miniature of his former Makkah home, said: “Honestly, I got goosebumps. I never thought a small model could move me this much.

“The tiny outdoor stairs reminded me of Eid, of my mom’s voice, of the fan shaking the ceiling. This is more than just a model; it’s a living memory. I told my family: ‘Look, this isn’t just a picture, it’s our actual house.’ Some of them cried, especially the older ones.”

Samia, known as Umm Suleiman from Jeddah, lived in her home for more than 50 years before it was demolished.

She said: “I was amazed, so happy and so thankful. This model brought back all my memories, my parents, my brothers, everything. The house was destroyed and turned into bare land, but this piece preserved the best part of my life.

“I even held a small party to unveil it like a treasure. Everyone cried, from the nostalgia, the love and the childhood we remembered. Shahd took us back 50 years. May she be as happy as she made us.”

Jad Al-Haq dreams of turning her project into a permanent exhibition that brings back the lost neighborhoods of Makkah and Jeddah.

“I want visitors to walk through the models and feel like they’re back in those streets. I want to preserve the memory and the sentimental value that these locations once had. We have to see the stories and the culture that’s still alive in our memories,” she said.

She hopes to integrate augmented reality to deepen the experience, and plans to launch workshops to share her techniques with others.

“A house is not just a place. It’s memory and identity. I hope my art tells everyone: ‘Your memories are worth preserving’,” she said.

 


Saudi Arabia’s Al-Ammariyah strawberry farms offer slice of rural bliss

Visitors can gain insight into sustainable farming while enjoying the beauty of the rural environment at Al-Ammariyah farms.
Updated 26 July 2025
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Saudi Arabia’s Al-Ammariyah strawberry farms offer slice of rural bliss

  • Locations reconnect visitors with landscape

RIYADH: In the serene natural landscape of Al-Ammariyah, northwest of Riyadh, strawberry farms have emerged as ecotourism destinations that bring together nature, agriculture, and family-friendly entertainment.

These farms offer hands-on experiences that reconnect visitors with the land, transforming traditional agricultural work into interactive activities, reported the Saudi Press Agency.

Visitors can gain insight into sustainable farming while enjoying the beauty of the rural environment at Al-Ammariyah farms. (SPA)

From strawberry picking to learning about the crop’s cycle, visitors gain insight into sustainable farming while enjoying the beauty of the rural environment.

The geographical features of Al-Ammariyah, including fertile soil and moderate terrain, provide ideal conditions for strawberry cultivation.

FASTFACT

Al-Ammariyah, northwest of Riyadh, have evolved in recent years into vibrant destinations that host family events and field trips, including strawberry picking.

Modern technologies such as hydroponics and greenhouse farming enhance efficiency and demonstrate a commitment to environmental sustainability.

Visitors can gain insight into sustainable farming while enjoying the beauty of the rural environment at Al-Ammariyah farms. (SPA)

The farms have evolved in recent years into vibrant destinations that host family events and field trips.

They also offer live workshops on organic farming, and cookery sessions on strawberry-based products like juices, jams, and dessert.

Rustic-style cafes and shaded rest areas overlook the orchards, creating a tranquil space where visitors can unwind and enjoy the scent of fresh strawberries and the surrounding serenity.

Designed with all age groups in mind, the farms promote learning through entertainment and reflect a growing trend in tourism that combines environmental awareness with leisure and education.

 


Milky Way stargazing event to explore AlUla’s wonders

Visitors will have the opportunity to witness the Milky Way firsthand. (SPA)
Updated 26 July 2025
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Milky Way stargazing event to explore AlUla’s wonders

  • The gathering will engage AlUla residents, visitors, astronomy enthusiasts and space researchers in an interactive experience, including field observation sessions and scientific discussions led by members of the AlUla Astronomy Club

RIYADH: The AlUla Manara team is organizing a stargazing event on Monday evening to explore AlUla’s wonders and observe the Milky Way during one of the best viewing periods of the month.

The iconic Arch Rock will host the event as part of a year-round series of activities aimed at enhancing community awareness of astronomy, the Saudi Press Agency reported.

The gathering will engage AlUla residents, visitors, astronomy enthusiasts and space researchers in an interactive experience, including field observation sessions and scientific discussions led by members of the AlUla Astronomy Club.

Such initiatives help foster a scientific culture and encourage community interest in cosmic discoveries, the SPA added.

Participants will have the opportunity to witness the Milky Way firsthand, track various astronomical phenomena such as meteor showers and observe the North Star.

The event promises a captivating visual experience in a natural setting free from light pollution, blending contemplation with the joy of stargazing.

The initiative is part of the AlUla Manara team’s efforts to support educational pathways and scientific exploration, while promoting community events related to science and discovery, in line with Vision 2030 goals for innovation and the diversification of cultural and tourism experiences.

 


Experts discuss career paths in Saudi museum sector

Updated 26 July 2025
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Experts discuss career paths in Saudi museum sector

  • Alsharqi Dahmali, president of the Arab Regional Alliance of the International Council of Museums, said management was a question of development, protection, and employment

RIYADH: The Museums Commission held a virtual session on qualifications and job opportunities in the museum sector as part of its monthly Open Talk series, engaging specialists in museums, heritage, and culture.

The session aimed to raise awareness, share expertise, and highlight best practices in managing and preserving cultural heritage to develop the Kingdom’s museum sector, the Saudi Press Agency reported.

The discussion covered qualifications, career paths, and skills needed locally and internationally; updates on the Kingdom’s museum job market; academic requirements for national talent; key specialized roles; practical competencies; and global trends in digitization and exhibition technologies.

Alsharqi Dahmali, president of the Arab Regional Alliance of the International Council of Museums, said management was a question of development, protection, and employment. He noted employment was fundamental and that the curator role had evolved to require specialized collection management skills.

Dahmali emphasized that curator roles continued to evolve with societal changes, requiring advanced thinking to engage communities and meet public expectations.

He urged museum teams to be prepared for crises with professionalism, and highlighted the importance of studying visitor behavior and providing engaging, comfortable, interactive environments to boost competitiveness.

Hala Al-Saleh, a specialist at Diriyah Art Futures, said museum career paths lacked clear classifications due to evolving roles. She described diverse specializations like exhibition curation, museum education, collections management, digital archiving, visual design, and technical and artistic tracks.

Al-Saleh also discussed Diriyah Art Futures’ Emerging New Media Artists program, which empowers rising talents by combining art, research, and advanced technology with international collaboration.

She highlighted digital transformation’s impact on museum operations and public engagement, which had created demand for specialized tech-savvy talent.

Maria Alam, former director of learning at Art Jameel, stressed strong motivation was essential for museum careers. She added that some hesitated to enter the sector despite the field’s passion, continuous learning, and openness to cultural collections.

She pointed out the museum sector offered diverse careers with academic options, from diplomas to practical and theoretical training, allowing entry through specialized tracks.