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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
- June 1,2022
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- SUSTG Team
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Spotlight on Saudi at Davos, island diplomacy, and legal reforms with Saudi-based attorney Chris Johnson
- May 27,2022
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- SUSTG Team
In Episode 45 this week, The 966 hosts welcome back Saudi-based attorney Chris Johnson to discuss Saudi Arabia’s new personal data privacy law, investment law, and other ongoing legal and regulatory reforms taking place in the Kingdom. Before that conversation, the hosts discuss Saudi Arabia’s strong presence at the World Economic Forum in Davos, an […]
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.
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Kingdom Re-Launches Airports Privatization Strategy, Eyes 2023 Opening for Major Red Sea Tourism Project
- May 11,2022
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- SUSTG Team
Saudi Arabia is relaunching its strategy to privatize its airports in order to secure investment as it seeks to triple annual visitor numbers by 2030.
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Energy, hydrogen, and more with Phillip Cornell from The Economist Impact and the Atlantic Council and much more…
- April 8,2022
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- SUSTG Team
In Episode 34, The hosts welcome Phillip Cornell, senior fellow, Global Energy Center at the Atlantic Council, and Principal for Energy and Sustainability at the Economist Impact, and brings over 15 years of international experience in private and public sectors (World Bank, IEA, Aramco, NATO, Dow Jones) onto The 966 to talk about the global […]
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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Global Entrepreneurship Congress in Riyadh Attracts $600m in Investment Announcements
- March 29,2022
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- SUSTG Team
The Global Entrepreneurship Congress, a conference gathering investors, policymakers and community leaders from around the world to focus on the startup space, is underway in Riyadh with big announced investments into the important sector for the Kingdom’s diversification goals.
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The major transformation and overhaul of Saudi Arabia’s military with defense expert Bilal Saab and much more – The 966 Episode 32
- March 25,2022
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- SUSTG Team
Episode 32 of The 966 – the hosts welcome defense and security expert Bilal Saab to discuss the little-known but historically significant transformations underway in Saudi Arabia’s military and security institutions. The hosts also talk about the personal status law that will make a major real-life change for women and families in the Kingdom, a […]
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Saudi Aramco to Invest Doubled Profits, with a Focus on Upstream
- March 22,2022
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- SUSTG Team
Saudi Aramco said its 2021 net profit more than doubled to $110 billion, in what amounts to a significant boost to the Kingdom’s economy as it seeks to continue ahead with Vision 2030 economic and social reforms.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
- March 18,2022
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- SUSTG Team
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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MUST-READS
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Women's RightsFemale empowerment vital for Kingdom’s Vision 2030 reforms, says Saudi Human Rights Commission GM
“These laws have helped a lot in empowering women within the context of a family. They mark the beginning of real change. When you empower a woman within her family and help her be a real mother to her children and not treat her as a child but as a fully legal and competent citizen, that is called empowerment.
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PIFAs Personnel Shuffle, the PIF Marches Steadily to Saudi Vision 2030 Beat
With international and new domestic assets expected to consume 25% and 20% of the fund’s portfolio respectively, it seems that existing domestic assets will constitute the remaining 55%. However, the annual growth rate in Saudi Arabia between 2010 and 2018 averaged just 3.78%, indicating a potential gap between expectations and market performance.
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AV in KSAVision 2030 is good for business in Saudi Arabia
So, what’s the reality for companies on the ground, and who stands to benefit most from investment related to Saudi Vision 2030? Most importantly, how can AV companies make sure they’re in line to win the work?
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Government Tender RegulationsSaudi Arabia Introduces New Government Tendering Regulations to Support Vision 2030
The Saudi Arabian government recently announced the new Government Tenders and Procurement Law (GTPL) after a series of public consultations dating back to 2017. The new GTPL replaces the last version of the GTPL issued in 2006. The Implementing Regulation is expected to be published within the next four months.
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Digital TransformationVision 2030 enables Saudi Arabia’s public sector to drive digital transformation
Digital transformation (DX) will remain a prime objective for the public sector with the entrants of new technologies steering away legacy systems providing value potentials, ease, convenience and improved methods to effectively deal with citizens providing them convenience and transparency of government services.
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ConstructionSaudi Arabia’s Vision 2030 projects need more construction contractors
ProTenders’ data suggests that infrastructure is the largest contributor to the construction sector, with 1,821 active projects worth $522.4bn (SAR1.9tn). Urban construction is the second-largest sector, with 3,390 projects worth $416.2bn (SAR1.5tn).
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Vision 2030Ambassador John Abizaid praises Vision 2030, says US is ‘partner in Saudi reforms’
The US is working closely with Saudi Arabia to ascertain what happened off the coast of the UAE on Monday when two Saudi oil tankers were attacked.
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Vision 2030Implementing Saudi Arabia’s Vision 2030: An Interim Balance Sheet
Some of the most visible progress has been in improved governance, including the increased efciency of government agencies.
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Vision 2030Perspective: Assessment of the Impacts of Saudi Arabia’s Vision 2030 on U.S. Efforts to Confront Iran
Whether Vision2030 succeeds or fails, the sheer scope and scale of its desired effects will shape (or re-shape) the momentum of America’s ongoing conflict with Iran and perhaps play a decisive role in determining who (American friend or foe) holds sway in the Middle East.
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Benaa HousingSaudi Arabia invites builders for $910m Vision 2030 homes project
Developers and contractors will be able to use the platform to review opportunities available on housing projects across Saudi Arabia. Registrations to use the platform will be rolled out in April 2019.
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