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Saudi Private Sector Employment Reaches 10.8m – Latest Data
- December 6,2023
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- SUSTG Team
Saudi Arabia’s total number of employees in the private sector reached 10.8 million in November, up 0.93 percent from the previous month, according to newly released figures reported by Arab News.
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Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym
- December 4,2023
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- SUSTG Team
Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym share capital after an 111-million-euro ($120.83 million) investment and “intends to be a long-term minority shareholder in the Italian fitness-equipment maker,” the fund said on Friday per a report in Reuters.
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Two New Towers Planned for Saudi Arabia’s NEOM as Kingdom’s Building Boom Continues with Epicon
- November 21,2023
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- SUSTG Team
Two new towers aimed at attracting tourists to the Gulf of Aqaba in Saudi Arabia are set to be built in the special economic zone of NEOM as part of a new development launched last week called Epicon.
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
- November 20,2023
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- SUSTG Team
The 966 speaks with Dr. Mehmood Khan, CEO of Saudi Arabia’s Hevolution Foundation, a global non-profit revolutionizing the healthspan field launched by Royal Decree and chaired by HRH the Crown Prince Mohammed bin Salman. Dr. Khan shares his journey, Hevolution’s vision and insights into how he is working to build the organization’s operations from the […]
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AlUla’s Ancient Kingdoms Festival Spotlights the Region’s History
- November 15,2023
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- SUSTG Team
The Ancient Kingdoms Festival in AlUla, Saudi Arabia returns for its second year November 16-December 2. The festival celebrates the three great oases of AlUla, Khaybar, and Tayma.
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Google to Launch Saudi Cloud Region this Week, VP Says
- November 13,2023
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- SUSTG Team
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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Saudi Arabia Launches Separate Real Estate Registry, Indicators Platforms – Report
- November 7,2023
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- SUSTG Team
Saudi Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majid al-Hogail launched on Monday the Real Estate Registry platform and the Real Estate Indicators platform on the sidelines of the Saudi Proptech Summit, according to a report in the Saudi-owned Asharq Alawsat.
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MasterCard’s Maria Medvedeva joins The 966 to talk payments, fintech and more; plus more on Leyja at Neom
- November 3,2023
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- SUSTG Team
In Episode 110, Maria Medvedeva, Vice President, Saudi Arabia and Bahrain for MasterCard joins to discuss the company’s KSA strategy, fintech, payments, innovation, and her experiences living and working in a changing and evolving Saudi Arabia. Maria, based in Riyadh with her family, is responsible for Mastercard’s growth strategy and delivering innovative payment experiences for […]
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Saudi Arabia’s AlUla Reveals Winning Design for New Airport Terminal
- October 31,2023
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- SUSTG Team
The Royal Commission for AlUla (RCU) has unveiled the winning design for AlUla’s new airport terminal in Saudi Arabia following a global competition, according to a report. The winning design was announced last week at the Kingdom’s 7th Future Investment Initiative conference in Riyadh.
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MUST-READS
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Saudi Arabia to relaunch airports privatisation strategy
Saudi Arabia previously tried to privatise its airports in 2017, when it appointed investment bank Goldman Sachs to divest an interest in Riyadh’s King Khalid International hub, but the plan was later abandoned.
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Saudi Arabia Aims to Restart Privatization Plan for 29 Airports
Ownership of the 29 airports has already been moved to a new entity, Matarat, in order to prepare them for the process, Abdulaziz Al Duailej, president of the General Authority of Civil Aviation, said in an interview Monday. An international investor roadshow could start in the next 12 to 18 months.
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Health sector and business incubators drive innovation in Saudi Arabia
Alsheikh believed the most current important innovative trends were those that contributed to the transformation of the public health sector, such as lowering healthcare costs, improving patient care quality through the integration of modern technology in communication, diagnosis and treatment using analytical data, and increasing readiness for disease prevention and surveillance.
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Health sector and business incubators drive innovation in Saudi Arabia
The Saudi Council of Ministers approved the establishment of the Research, Development, and Innovation Authority in 2010, and the country has risen significantly in the Global Innovation Output Index in recent years. It moved from 85th in 2019 to 77th in 2020 and was 66th in 2021.
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Ministry of Investment of Saudi Arabia and Janssen kickstart a national campaign on the value of innovation in healthcare
The Ministry of Investment (MISA) and Janssen, the pharmaceutical companies of Johnson & Johnson, have launched Oloumak, a national multi-stakeholder campaign developed to shed light on the value of research, development, and innovation in healthcare and biotechnology in the Kingdom. In addition, the campaign aims to highlight the ways in which innovation in these vital industries fuels growth and economic transformation, and enhances patient care and quality of life.
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Saudi Arabia backs global efforts to develop innovative cultural policies: Minister
The two-day meeting, held virtually and chaired by Saudi Arabia, was attended by UNESCO’s assistant director general for culture, Ernesto Ottone Ramirez, Arab culture ministers, and representatives of international and regional organizations. Prince Badr expressed his appreciation for UNESCO’s efforts in preparing and coordinating the consultations, and thanked member states, regional, and international organizations and institutions for their contributions.
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Saudi Arabia for first time marks its founding, downplaying conservative roots
That was about 18 years before what historians generally consider as the beginning of the Saudi state when bin Saud, a tribal leader, forged an alliance with Islamic preacher Mohammed ibn Abd al-Wahhab, whose purist doctrine is often referred to as Wahhabi Islam.
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Saudi Arabia for first time marks its founding, downplaying conservative roots
The anniversary marks the day in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over the emirate of Diriyah - a remote town which now lies on the northwest edge of the Saudi capital Riyadh. That was about 18 years before what historians generally consider as the beginning of the Saudi state when bin Saud, a tribal leader, forged an alliance with Islamic preacher Mohammed ibn Abd al-Wahhab, whose purist doctrine is often referred to as Wahhabi Islam.
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Saudi Arabia, UAE better placed than UK, Germany for AI innovation: Report findings
Khan pointed out that one of the stumbling blocks that may hinder AI-driven innovations was the upskilling and reskilling of experts and professionals with state-of-the-art tools, techniques, and knowledge in data science and analytics. He said: “Therefore, it is imperative to launch modern educational and training programs to keep the workforce prepared for new challenges in this field.”
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How Saudi Arabia is forging ahead with its privatization drive
To finance Saudi Arabia’s privatization and economic diversification programs, the PIF must free up capital. To this end, it sold a 30% stake in Tadawul for 3.78B SAR (1B USD), and an 11.1% stake in ACWA power for 4.55B SAR (1.21B USD). These sales and that of STC would raise a total of around 5.4B USD for the PIF to reinvest in the Kingdom’s target sectors including manufacturing, tourism, and renewable energy.
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