"PIF has also pulled back from esports, snooker, and tennis plans, while the flagship NEOM project, a huge desert city, was omitted from the kingdom’s 2026 budget.
Riyadh is cash-rich thanks to oil-price rises, but is apparently keen to reallocate to profitable, rather than attention-grabbing, ventures; it bought the gaming company Electronic Arts this month and has invested billions in data centers, mining, and religious tourism."
Framing: mixed ·
First seen: 2026-08-31 ·
Last seen: 2026-08-31 ·
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