Saudi businessman steering Saudi sovereign wealth and mega-projects
LIV Golf has faced widespread rumors that Saudi Arabia's Public Investment Fund (PIF) is ending its financial support, threatening the league's future beyond 2026. Despite CEO Scott O'Neil's assurances that the 2026 season will continue uninterrupted, the league has experienced operational challenges and player uncertainty as it begins its Mexico City tournament.
LIV Golf has announced a transition plan away from Saudi funding after the PIF ends its backing at the close of the 2026 season. A new independent board is leading a move to secure long‑term capital through diversified partners, while the tour maintains its schedule amid ongoing discussions with potential investors.
Saudi Arabia is expanding Riyadh Air as part of Vision 2030, aiming to turn the capital into a global aviation hub and reduce reliance on oil. The first Dreamliner deliveries have begun, with a plan to connect Riyadh to over 100 destinations and boost passenger capacity while expanding airport capacity to support this growth.