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New ‘Economics in Society’ Report Examines Role of Misperceptions on Women Employment Rates in Saudi Arabia
- May 7,2019
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- SUSTG Team
A new research report published by the UBS International Center of Economics in Society examines how social norms may affect employment rates for women in Saudi Arabia, providing evidence “that most Saudi men privately believe that women should be allowed to work, but that they underestimate the extent to which other men share their views.” […]
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Saudi Economy to Grow at 2% This Year, Government Posts Large 1Q Surplus
- April 24,2019
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- SUSTG Team
Saudi Arabia’s central bank governor, Ahmed Al-Kholifey, told Reuters in an interview that he expects economic growth to be “no less than 2 percent” in 2019. The comments from Al-Kholifey comes as a separate quarterly Reuters poll of economists found lowered expectations for growth in Arab Gulf economies this year. Gross domestic product in Saudi Arabia, […]
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Al-Falih Expects Strong Demand for Aramco’s First-Ever Bond Issue
- April 8,2019
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- SUSTG Team
Saudi Arabia expects strong demand for Saudi Aramco’s first-ever bond issue, which is expected to close on Wednesday. Demand for the bonds could surpass $30 billion, Energy Minister Khalid Al-Falih said while speaking at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh on Monday. Others estimate it could top $40 billion, more than four […]
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Saudi Arabia plans 2.6 GW solar park near Mecca
- March 27,2019
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- SUSTG Team
Saudi Arabia is set to issue tenders for 2.6 GW Mecca solar project in 2019, according to reports. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Construction work on the project will begin this year, […]
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King Salman Announces $23 Billion for Four Entertainment Projects Including the ‘World’s Biggest Park’ in Riyadh
- March 19,2019
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- SUSTG Team
Saudi Arabia is planning to build the “world’s biggest park” as part of a $22.9bn project that aims to create large open green areas in Riyadh while creating thousands of new jobs, according to the Saudi Press Agency and other news outlets. The project consists of four entertainment projects in Riyadh, which are currently in the design phase, according […]
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WATCH: Adidas Ultraboost Ad Features Young Saudi Women Combatting Fitness Stereotypes
- March 11,2019
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- SUSTG Team
A new inspirational advertisement for Adidas’ popular Ultraboost shoe line features three young Saudi women discussing stereotypes they face and how they overcome them. The ad for Ultraboost trainers features fitness instructor and modest sportswear designer Lojain Alrefae running along the waterfront in Jeddah; Saudi mountaineer Raha Moharrak climbing the rocky ranges near Jeddah and football campaigner […]
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Saudi Housing Sector to See $21 Billion in Investment in 2019; Home Ownership Growing 6-7 Percent Annually – Minister
- March 6,2019
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- SUSTG Team
Saudi Arabia’s Minister of Housing Majed al-Hogail said he expects investments in the real estate financing sector to reach between 60 billion Saudi riyals and 80 billion riyals ($21.33 billion) in 2019, according to Reuters on the sidelines of a housing conference in Riyadh. The minister told Reuters that real estate financing for January hit 4.7 […]
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Kushner, Crown Prince Mohammed bin Salman Meet in Riyadh
- February 28,2019
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- SUSTG Team
President Donald Trump’s senior adviser and son-in-law, Jared Kushner, met with King Salman and Crown Prince Mohammed bin Salman yesterday in Riyadh, the first visit by Kushner since the killing of Jamal Khashoggi. “Building on previous conversations, they discussed increasing cooperation between the United States and Saudi Arabia, and the Trump Administration’s efforts to facilitate […]
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Saudi Arabia Names New Ambassador to United States: Princess Reema bint Bandar
- February 25,2019
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- SUSTG Team
Saudi Arabia has named Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud as the 11th Saudi Ambassador to the United States, making her the first woman ever to serve in the role. Princess Reema will take over the role from Prince Khalid bin Salman, who has been appointed as the country’s deputy defense […]
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Crown Prince Mohammed bin Salman Lays Founding Stone on Future Saudi Tourism Spot Al Ula
- February 11,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched more tourism projects in Al-Ula, Saudi Arabia, including a resort designed by a renowned French architect Jean Nouvel, and a nature reserve. Nouvel will build a resort in the mountains of Al-Ula as part of a plan launched on Sunday night “to transform the home of ancient civilizations into […]
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MUST-READS
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Saudi AramcoSaudi Aramco’s Retirees Hold On Tightly to Their Company Ties
Saudi Arabian Oil Co.—the world’s biggest energy company heading toward the world’s biggest public offering—has been largely walled off from Westerners. But, for a select group of Americans, Saudi Aramco, as the company is known, remains a home away from home.
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EnergyUpstream oil sector must transform: Aramco CEO
The global upstream oil and gas industry needs to move away from a “business as usual” approach and capitalise on opportunities to transform itself to be at the forefront of the world’s energy industry, Saudi Aramco CEO has said.
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Aramco InvestmentSaudi Aramco to invest $334 billion in energy infrastructure
Saudi Government-owned oil company’s plans to invest approximately $334 billion by 2025, specifically for infrastructure and projects to maintain oil capacity.
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Global Oil MarketsSaudi Aramco Sees Oil Demand ‘Steady’ as Supply Growth Slows
Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world’s biggest producer.
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Master Gas ProgramSaudi Aramco awards major gas pipeline EPC contract to Saudi KAD
State oil giant Saudi Aramco has awarded a major contract to Saudi KAD, a leading engineering, procurement and construction (EPC) company for its strategic pipeline projects related to the Master Gas Program Phase II, and the Fadhili Gas Program.
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Aramco IPOPoll: Saudi Aramco’s IPO a watershed moment across the region
A significant majority of senior executives across the Arabian Gulf expect Saudi Aramco’s planned IPO to help capital markets throughout the region, attracting new investors and boosting liquidity, according to new research commissioned by The National.
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Aramco IPOJapan PM adviser says no government plan to invest in Saudi Aramco
But Yasutoshi Nishimura said in an interview that Japan may jointly invest with Saudi Arabia's government in industrial ventures in the kingdom to help its drive to develop non-oil industries.
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Saudi AramcoWill Saudi Aramco Be Able To Purchase Houston Refinery?
At a time when U.S. and Saudi relations are strained, the Saudi Arabian Oil Company is reportedly leading in a race to buy a large refinery in Houston. Certainly, politics and geopolitics cannot stay out of such move by the Saudi company, but it seems that Aramco has solid business reasons, as well as political ones, to bid for the Houston Refinery, which Dutch chemicals company LyondellBasell Industries NV (NYSE:LYB) is reportedly putting up for sale.
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Saudi Aramco-MotivaSaudi Aramco-Motiva in lead to buy Lyondell’s Houston refinery: Sources
Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy Lyondell Basell Industries Houston refinery, according to three sources familiar with the matter.
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Vision 2030Analysis: A Desert Mirage: Saudi Aramco’s IPO and the 2030 Vision Update
Our sources indicate that the Saudi Vision 2030 is undergoing an overhaul based on creating more specific, quantifiable objectives to better manage and measure implementation.
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