Art Market Minute
Saudi Spending Slowdown
How will Saudi Arabia's liquidity problem affect art investments? Plus, Art Basel makes its Doha debut.
Sonia Manalili &
Margaret Carrigan
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After a decade of big spending, Saudi Arabia is scaling back some massive Vision 2030 “gigaprojects” due to falling oil prices and budget constraints. What does this mean for the nation’s big cultural projects and investments?
Traditional dhow boats are anchored in front of the Doha skyline on October 29, 2025. Photo: Karim JAAFAR / AFP via Getty Images.
Plus, all eyes are on the Gulf this week as the first edition of Art Basel Qatar gets underway. Plus, the NFT platform Nifty will shut down this month.
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