economic diversification

  • Saudi Arabia Extends Alcohol Access to High-Earning Non-Muslim Residents as Part of Economic Transformation

    Saudi Arabia Extends Alcohol Access to High-Earning Non-Muslim Residents as Part of Economic Transformation

    Dec 09, 2025 10:27 am CST

    Saudi Arabia has expanded alcohol purchase privileges to non-Muslim expatriates earning at least 50,000 riyals monthly, representing another step in the kingdom's gradual social liberalization aimed at attracting foreign talent and investment. This carefully managed modernization balances economic transformation goals with Saudi Arabia's position as Islam's birthplace and guardian of its holiest sites.

  • Saudi Arabia

    Saudi Arabia's Tourism Growth Continues Despite Alcohol Ban, Says Developer

    Oct 29, 2025 12:43 am CST

    Saudi Arabia's luxury developer John Pagano affirms that the kingdom's alcohol prohibition won't hinder tourism growth, as the country invests $800 billion in tourism by 2030. With Red Sea Global developing 27 hotels and resorts, Saudi Arabia is transforming from a purely religious destination to a diverse tourism hub while maintaining its cultural values ahead of hosting the 2030 World Expo and 2034 World Cup.