SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • AlUla Wellness Festival to return to Saudi Arabia’s ancient city with new experiences

    The AlUla Wellness Festival will make its much-anticipated return to Saudi Arabia’s ancient city with a blend of community activities, wellness experiences and workshops that offer a comprehensive approach to wellness. Held from 17th October to 2nd November, the festival invites guests to take a “voyage within” and discover holistic renewal, self-reflection, healing, and immersion in nature.

  • Red Sea Global Launches Saudi Arabia’s Second Water Aerodrome

    Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has secured its second operating license for a water aerodrome, this time for Shebara Resort at The Red Sea.  “As owners of the Kingdom’s first seaplane airline and its only two water aerodromes up until now, we are firmly establishing ourselves as leaders within tourism and aviation. he added.

  • How to reach Saudi Arabia’s Gen Z, a generation on the ascent

    The Saudi economy is increasingly powered by consumer spending. The country’s GDP per capita, at approximately $70,000, is already above that of many Western countries, such as Germany, Australia and the U.K. And retail sales in the country are projected to be on a steady upward trajectory for the next few years. Willing to spend and optimistic about their prospects, young Saudis are up to twice as likely to opt for higher-priced brands and retailers compared to their peers in advanced economies, according to a recent McKinsey report.

  • Saudi Arabia draws the line: No political agendas at hajj

    Saudi Arabia announced a ban on "misuse of the annual pilgrimage of Hajj for political or sectarian purposes," stressing that no one will be allowed entry to the country for "acts that disturb public security and law and order." According to draft regulations released by the Saudi Ministry of Hajj and Umrah, pilgrims are forbidden from bringing any prohibited items, such as pictures, books, flags, slogans, political publications, or other banned materials, into Saudi Arabia, according to the Saudi Gazette.

  • Saudi Arabia’s Hades Financial readies $750m for India investment

    The Riyadh-based group, which manages assets worth $6.1 billion, will deploy the new funds over the next three years. About $400 million from the new allocation will flow into homegrown companies, mostly those ripe for a public flotation within three years, said Mohammed Abrar Asif, co-chief executive officer at Hades, in a recent interview with Nikkei Asia.

  • Here are all the athletes representing Saudi Arabia at Paralympics Games Paris 2024

    When Saudi Arabia said it was going for global domination, it wasn’t just talking about expanding its regional developments. The Kingdom also had its eyes set on shining on the international stage, particularly in sports where Saudi athletes are stepping into the limelight. With the Paralympics Games Paris 2024 in full swing, Saudi Arabia’s talented athletes are ready to compete and make history.

  • K. Hovnanian to Enhance Saudi Arabia Housing Sector

    Matawan-based Hovnanian Enterprises, Inc., a leading national homebuilder across the United States, announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, K. Hovnanian M.E. Investments, LLC, and the Ministry of Municipalities and Housing of the Kingdom of Saudi Arabia. Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia.

  • Saudi Arabia Signals Ambition to Host Olympic Games

    Saudi Arabia’s potential interest in eventually hosting the Olympic games comes as the Gulf nation grows its portfolio of sports events, including the inaugural Esports Olympics in 2025. Riyadh clinched a 12-year deal with the International Olympic Committee in July to host that event, signaling a relationship already exists. The Saudis are also due to host the Asian Winter Games in 2029 and is on the brink of hosting the FIFA World Cup in 2034.

  • Saudi Arabia to Convene Global Mineral Sector at Fourth Future Minerals Forum in January 2025

    Since 2022, FMF has focused on fostering collaboration amongst minerals-producing nations, promoting sustainability initiatives to build trust, and creating a resilient supply chain of critical minerals that the world needs. Building on these successes, FMF 2025 will focus on "Delivering Impact," the theme of the fourth edition.

  • Saudi Arabia’s PIF secures $15 billion credit facility to boost investment flexibility

    Since 2017, Saudi Arabia’s Public Investment Fund (PIF) has established 95 companies and invested at least $40 billion annually into the local economy. Recently, PIF secured a $15 billion revolving credit facility from a global syndicate of 23 banks across Europe, the US, the Middle East, and Asia.