Saudi Arabia’s Red Sea gateway and second-largest city in the kingdom
The UAE has established a 1 billion dirham National Industrial Resilience Fund to bolster local manufacturing, secure supply chains, and expand AI use in production. Cabinet decisions also push for localization of more than 5,000 critical products and mandatory in-country value across government entities and national firms.
Canadian Prime Minister Mark Carney has arrived in Saudi Arabia to meet leadership, aiming to diversify trade away from the United States as tensions over tariffs persist. He has discussed human rights and consular cases, and 13 agreements have been signed worth over 1 billion Canadian dollars.