In response, the Saudis pumped as much oil as they could – around five million barrels per day – through their east-west pipeline to their export terminal on the Red Sea, on their opposite coast, at Yanbu. From there it was loaded onto tankers that headed south, out into the Arabian Sea and off to…
“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as…
When viewed in this context, it is little surprise that LIV – which had racked up billions of pounds of losses since its launch in 2022 – was no longer compatible with PIF’s new investment strategy, especially with the vast sums needing to be spent on preparing for the World Cup in just eight years….
