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Riyadh Air Sponsors Spanish Football Club Atlético de Madrid in 3 Year Deal; Jerseys Unveiled
- August 10,2023
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- SUSTG Team
Saudi Arabia’s newly launched airline, Riyadh Air, will sponsor one of Spain’s leading football clubs, Atlético de Madrid, the company said today in a press release as it unveiled a new design for the kits players will wear on-field.
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PIF Announces Establishment of a Female-Centered Health and Well-Being Company, the Kayanee Company, with Princess Reema Bint Bandar as its Leader
- August 7,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the establishment of a female-centered health and well-being company with Princess Reema bint Bandar as its head, the Saudi Press Agency (SPA) reported.
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PepsiCo Middle East CEO Aamer Sheikh joins The 966, plus a full update on Saudi football, King Saud University’s overhaul and more…
- July 28,2023
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- SUSTG Team
Episode 96! The 966 speaks with PepsiCo Middle East CEO Aamer Sheikh for a conversation about the company’s strategy to plug into Vision 2030’s opportunities and continue to stay on top as the number one food and beverage brand in the Kingdom of Saudi Arabia. Mr. Sheikh, who is Pakistani-American and grew up in the […]
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
- July 24,2023
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- SUSTG Team
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
- July 14,2023
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- SUSTG Team
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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Non-Oil Business Activity in Saudi Arabia Surged in June 2023 as Tourism, Construction Sectors Lift Economy
- July 5,2023
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- SUSTG Team
Non-oil business activity in Saudi Arabia surged in June supported by strength in construction and tourism, a survey showed.
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Two people killed near the U.S. consulate building in Jeddah in exchanged fire; no Americans harmed
- June 29,2023
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- SUSTG Team
Two people were killed when an armed man exchanged fire with Saudi Arabian security authorities near the U.S. consulate building in Jeddah, according to reports leading to the deaths of the gunman and a security guard.
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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
- June 28,2023
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- SUSTG Team
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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Discovery Channel Documentary About The Line in Saudi Arabia features Interview with Crown Prince Mohammed bin Salman
- June 27,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman gave an interview to the Discovery Channel for a new documentary about The Line, discussing some of the earliest ideas around the design and what the project means to the Kingdom and the world.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
- June 22,2023
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- SUSTG Team
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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MUST-READS
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Inflation in Saudi Arabia rises by 0.4% in July, VAT impact seen waning
A report released by the Saudi General Authority for Statistics said today, Sunday, that the effect of the value added tax hike from 5% to 15% has vanished and no longer affects the annual change in the index. .
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A Targeted Industry Approach for Raising Quality Private-Sector Employment in Saudi Arabia
Saudi Arabia can foster the creation of quality jobs in the food manufacturing industry through a combination of policies to encourage firms to upgrade job quality, Saudis to upgrade their human capital, and overall industry growth and innovation.
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Saudi Arabia Plans $15bn technology fund with private investors
A Saudi public-private partnership will launch a $15 billion technology fund to advance the digital infrastructure in the Kingdom, Haytham AlOhali, vice minister of the Ministry of Communications & Information Technology (MCIT) announced on Wednesday, during the Saudi 4th Industrial Revolution conference held in Riyadh.
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Saudi Arabia’s new regime for privatisation
Prior to the new regulatory regime coming into force, privatisation projects in the kingdom were subject to a range of regulations, including the government tenders and procurement law (GTPL) and the NCP Privatisation Projects manual. While, in broad strokes, the PSP regulation builds on these existing processes and statutory provisions, it contains more refined and procedurally clear requirements.
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SDAIA, KAUST sign MoU to develop AI research and innovation in Saudi Arabia
Under the MoU, SDAIA and KAUST intend to work on joint development of academic programs and vocational training and provide mutual support to emerging companies in AI and marketing research and facilitating the exchange of experiences through faculty members and students.
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Saudi Arabia Targets Raising $55 Billion From Privatization Plan
Mohammed Al-Jadaan said the Kingdom had recently announced a privatization plan that includes identifying 160 projects in 16 sectors, including asset sales and public-private partnerships. “Our goal is to secure about $55 billion from the privatization plan, of which $16.5 billion will be in public-private partnerships.”
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Saudi Arabia hopes to raise $55bn through privatisation
Mohammed al-Jadaan, the finance minister, told the Financial Times that Riyadh had identified a pipeline of 160 projects across 16 sectors, including asset sales and public-private partnerships, through to 2025.
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Saudi Arabia to require vaccination to enter governmental, private establishments
Saudi Arabia’s interior ministry said on Tuesday that vaccination will be required to enter any governmental, private, or educational establishments and to use public transportation as of August, 1, state news agency (SPA) reported. Vaccination will also be required to enter any economic, commercial, cultural, scientific, or social events and activities, as well as to any entertainment or sports activities.
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Behind the Privatisation Drive in Saudi Arabia
In 2017, Saudi Arabia established the National Centre for Privatization and PPP (NCP) to manage its privatisation ambitions. The NCP’s core competencies include: advising various sectors on privatisation, establishing regulations and developing public information and marketing campaigns to promote privatisation.[iii] Moreover, the NCP is responsible for implementing the country’s Privatization Programme — adopted in 2018 — that aims to develop the role of the private sector in the provision of services and the availability of public assets through identifying government assets and services for privatisation, developing the privatisation system and mechanisms and defining public-private partnership (PPP) frameworks.[iv]
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Saudi Arabia localises jobs in private, international schools
Saudi education authorities have decreed localising education jobs in the private sector education institutions as part of efforts to create more jobs to Saudi citizens.
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