The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region

The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region
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The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region

The Vision of Saudi Crown Prince: A Developmental Renaissance for Gulf Region

Saudi Crown Prince Mohammed bin Salman affirms that the development and progress achieved by the Gulf Cooperation Council countries will make them distinct hubs for foreign investments, promising sectors, and youth empowerment.

A report published by the Saudi Press Agency (SPA) monitored several areas of development. The report said that the Crown Prince, during his speech about the ambition to transform the region into a new Europe in the coming years, foresaw great achievements that would bring prosperity and progress to its peoples.

During his participation in a panel discussion within the Future Investment Initiative 2018, Prince Mohammed bin Salman cited Dubai as a model in the Middle East, saying that it has witnessed remarkable development since the 1990s. He noted that he was looking forward to raising the bar of constructive competition among the countries of the region to achieve integration in various areas of joint work.

The report highlighted the Crown Prince’s vision for the Middle East and the Gulf Cooperation Council countries, aiming at strengthening institutions and preserving the council system, the prosperity of states, and the development of peoples.

The report said that Prince Mohammed bin Salman was engaging his country in a comprehensive development renaissance that stems from the ambitious Vision 2030 to achieve its goals in various fields.

Saudi Arabia, with the support and follow-up of the Crown Prince, is witnessing the launch of a number of major plans, including the NEOM project that targets the future of human civilization. In his capacity as Chairman of the Board of Directors of the Public Investment Fund, Prince Mohammed bin Salman announced in July 2017 the launch of an international tourism project, under the name of “The Red Sea Project.”

The efforts of the Crown Prince resulted in the announcement of the formation of the Islamic Military Alliance in December 2015 to combat and confront terrorism and extremism, with the support of several countries and international organizations.



Saudi FM, Lebanese Speaker Discuss Efforts Aimed at Stopping Israeli Attacks

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah
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Saudi FM, Lebanese Speaker Discuss Efforts Aimed at Stopping Israeli Attacks

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah held on Thursday a telephone call with Lebanese Parliament Speaker Nabih Berri.

During the call, Prince Faisal and Berri discussed the latest developments in Lebanon and diplomatic efforts aimed at achieving a cessation of hostilities and an end to Israeli attacks.

The Saudi FM reiterated the Kingdom’s support for the stability of Lebanon and to strengthening its state institutions.

Berri praised the Kingdom’s role and its continuous efforts in supporting Lebanon’s security and the broader stability of the region.

He also stressed Lebanon’s commitment to the Taif Agreement and its rejection of any actions that threaten Saudi Arabia’s security.


Saudi Foreign Minister, Cuban Counterpart Discuss Latest Developments in Middle East

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
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Saudi Foreign Minister, Cuban Counterpart Discuss Latest Developments in Middle East

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call Thursday from Minister of Foreign Affairs of the Republic of Cuba Bruno Rodríguez Parrilla, SPA reported.

During the call, they reviewed the latest developments in the Middle East, in addition to discussing a number of topics and mutual interest.


Saudi Arabia Secures Leading Rankings in Global Entrepreneurship Monitor Report

The Saudi flag. Photo: Asharq Al-Awsat
The Saudi flag. Photo: Asharq Al-Awsat
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Saudi Arabia Secures Leading Rankings in Global Entrepreneurship Monitor Report

The Saudi flag. Photo: Asharq Al-Awsat
The Saudi flag. Photo: Asharq Al-Awsat

Saudi Arabia has secured top global rankings in the Global Entrepreneurship Monitor (GEM) 2025–2026 report, reflecting a highly competitive environment and reinforcing its position as a premier global hub for entrepreneurship.

The Kingdom led all high-income economies in Entrepreneurial Finance, highlighting the efficiency of its financing tools for small and medium-sized enterprises (SMEs). Additionally, Saudi Arabia ranked third globally in the National Entrepreneurship Context Index (NECI), cementing its status as an elite destination for entrepreneurial investment and growth, SPA reported.

Total early-stage Entrepreneurial Activity (TEA) has seen rapid expansion, jumping from 12.1% in 2018 to 28.9% in 2025. Similarly, entrepreneurial intentions nearly doubled, rising from 26.8% to 48.5% over the same period.

This growth is mirrored in the academic sector, where the Kingdom climbed from 53rd to seventh place globally in university-based entrepreneurship.

These milestones result from integrated efforts between government entities like the Small and Medium Enterprises General Authority (Monsha'at), the private sector, and academic institutions.