Saudi Arabia Roundup: Project removes mines in Yemen, $200 million investment, Saudi tops global cybersecurity rankings
Saudi Arabia’s PIF invests in New York property
Saudi Arabia’s Public Investment Fund (PIF) is set to acquire a two-thirds stake in a New York property near Central Park for approximately US$200 million. The investment pertains to a site where Related plans to build a 366-metre tower on 625 Madison Ave. with strong ties between PIF and Related dating back to prior investments. This move highlights the significant interest of Saudi investors in global real estate, particularly in prime locations.
Saudi Arabia Tops Global Cybersecurity Rankings in 2025
Saudi Arabia has retained its top spot in global cybersecurity rankings, according to the 2025 IMD World Competitiveness Yearbook. Officials credit strong leadership from King Salman and Crown Prince Mohammed bin Salman, as well as the Kingdom’s national digital transformation strategy. Saudi Arabia’s long-term approach balances security with economic and tech growth. It was also named a Tier 1 “role-modeling” nation in the UN’s 2024 Global Cybersecurity Index.
Saudi project removes mines in Yemen
The Saudi project has successfully cleared 1,559 mines in Yemen, contributing to safety improvements and clearance initiatives in war-affected areas. The consistent efforts to mitigate risks associated with unexploded ordnance are essential for restoring normalcy and safety for civilians, enabling better living conditions and facilitating potential redevelopment efforts in the region.
Elite gamers compete for $70M at Saudi Esports World Cup
As Riyadh hosts the Esports World Cup with a prize pool of $70 million, elite gamers from around the globe are set to compete, reflecting Saudi Arabia's ambition to become a leading hub in the esports industry. This initiative is part of a broader strategy to enhance the Kingdom's presence in the digital economy and attract international attention to Saudi Arabia as a destination for gaming and digital entertainment.
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