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Report: Saudi Air Defenses Repel Latest Houthi Missile, Drone Strikes at Oil Facilities
- January 30,2020
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- SUSTG Team
Rocket and drone strikes fired by Iran-backed Houthi rebels at Saudi targets last week – including at Aramco oil facilities – were successfully shot down by Saudi air defenses, according to the Wall Street Journal which cited Saudi officials.
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Flights to Saudi Capital Double as 66-day Riyadh Season Proves a Major Boon to Kingdom’s New Tourism Drive
- January 29,2020
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- SUSTG Team
Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year, Arabian Business reports, citing data from the Seera Group, a Saudi-based travel and tourism company.
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Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’
- January 27,2020
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- SUSTG Team
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters] —- A new […]
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Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai
- January 24,2020
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- SUSTG Team
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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Saudi Olympic Football Team Qualifies for Tokyo 2020, First Olympic Soccer Bid in 24 Years
- January 22,2020
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- SUSTG Team
Saudi Arabia and Korea Republic have become one of the first three Asian teams to secure a trip to the Summer Olympics in Tokyo, Fifa reports.
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Saudi Authority Calls on UNESCO to Protect Traditional Khawlani Coffee Cultivation Techniques
- January 20,2020
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- SUSTG Team
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region […]
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
- January 17,2020
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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The Economic Impact of Saudi Arabia Hosting the G20 Summit
- January 16,2020
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- SUSTG Team
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
- January 15,2020
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- SUSTG Team
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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MUST-READS
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Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway
In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.
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Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024
According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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Saudi Arabia sets strict health criteria for Haj 2025, urges vulnerable groups to postpone
The Saudi Ministry of Health recommended that individuals who are elderly (over 65), have chronic diseases, such as heart, kidney, or respiratory issues, or diabetes, have immune deficiencies, whether congenital or acquired, have cancer, are terminally ill, are pregnant, or are children under 12 should consider postponing their Haj and Umrah pilgrimage this year.
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The path to 2060: Saudi Arabia’s long-term pathway for GHG emission reduction
Saudi Arabia, as part of its Saudi Green Initiative, has announced its goal to achieve net zero green-house gas emissions by 2060. This ambitious target underscores the nation's dedication to addressing climate change. However, there is a significant gap in comprehensive analysis regarding the long-term effects of Saudi Arabia's climate policies and their collective contribution towards the net-zero objective.
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Saudi Arabia at 94: How the kingdom rewrote the rules of innovation
This policy has helped turn the kingdom into a major tourist hub in the region, harnessed new markets overseas especially in Africa for Saudi exports, attracted efficiency-seeking investors from all over the world, adopted low-carbon technologies and strategies in its oil industry, as well as it is developing a large manufacturing base under the slogan of ‘Made in Saudi.’
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Dreams turned into reality as Saudi Arabia turns 94
September 23rd is a date that resonates deeply with every citizen and resident, symbolizing a land rich in goodness, blessings, and generosity. This occasion arrives amidst a new reality filled with significant development initiatives that position Saudi Arabia among advanced nations, embodying growth, security, ambition, and the unwavering resolve to turn the impossible into reality.
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Could homegrown fashion be Saudi Arabia’s next economic driver?
As a result, fashion sales in Saudi Arabia are projected to soar by 48 percent from 2021 to 2025, reflecting a robust annual growth rate of 13 percent. This growth is fuelled by diverse factors including a rising interest in sportswear due to increased health consciousness and robust marketing efforts by global brands like Adidas and Nike.
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2024 Fiscal Transparency Report: Saudi Arabia
The limited data available in the government’s annual budget statement broke down expenditures by category, but not by ministry or agency. The annual budget statement did not show allocations to the royal family, and the government maintained off-budget accounts not subject to public oversight. Military and intelligence budgets were not subject to legislative oversight or a civilian public body. When actual revenues and expenditures did not reasonably correspond to those in the enacted budget, the government produced and publicly issued revised budget estimates.
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Saudi Arabia real estate market booms amidst strong residential and hospitality performance
The residential sector started strong in 2024 by delivering 27,500 units in Riyadh and Jeddah. This increased the total stock to 1.46 million units in the capital and 891,000 units in Jeddah. As such, residential sale prices experienced a 10% year-on-year (YoY) increase in Riyadh whilst average rents grew by 9% annually. In Jeddah, the pace of growth was slightly slower, with sale prices rising by 5% and rents increasing by 4% YoY during the same period.
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Saudi Arabia’s Groundbreaking Telfaz11 Studio Announces Satirical Film ‘Saify’ Involving Banned Religious Sermons
Saudi studio Telefaz11, the groundbreaking label behind hit dark comedy “Mandoob” — in which a struggling man becomes a bootleg booze runner in Ryadh — is set to push the kingdom’s cultural envelope a bit further with a humorous take on the world of Saudi Arabia‘s ultraconservative clerics. Telfaz11 has announced that its next title will be the satirical drama “Saify,” directed by studio chief Wael Abu Mansour and set against the backdrop of the late 1990s, a time when, incidentally, cinema was banned.
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