- Speaking at Riyadh's Future Investment Summit on Wednesday, ABB CEO Ulrich Spiesshofer said, "Saudi is truly transforming the energy system."
- The kingdom aims to raise about $100 billion by taking a portion of its state oil giant Saudi Aramco public next year. The funds will underwrite an effort led by Crown Prince Mohammed bin Salman to diversify the nation's economy through a plan called Vision 2030.