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NYT Reports on Proposed $40B Saudi AI Investment
- March 20,2024
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- SUSTG Team
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
- March 19,2024
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- SUSTG Team
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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OPEC and IEA Agree on Something
- March 18,2024
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- SUSTG Team
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
- March 14,2024
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- SUSTG Team
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
- March 12,2024
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- SUSTG Team
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
- March 6,2024
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- SUSTG Team
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Lucid CEO Says Saudi Arabia Views Struggling EV Maker as Strategic Investment for Economic Diversification
- February 27,2024
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- SUSTG Team
Lucid Motors CEO said at the Geneva International Motor Show today that the struggling EV maker and its Saudi backers are “in this together for the long run” and the relationship is like a “marriage,” according to a report in Bloomberg.
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Ahead of LEAP in Saudi Arabia, MCIT’s Abdullah Alshamrani joins The 966 to talk tech, ecosystem development, and more…
- February 26,2024
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- SUSTG Team
Abdullah Alshamrani, General Manager of the Digital Entrepreneurship Center at Saudi Arabia’s MCIT join The 966 to talk ecosystem development in the Kingdom, the entrepreneurship scene, and the Kingdom as a future destination for tech.
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
- February 23,2024
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- Richard Wilson
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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MUST-READS
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Saudi Crown Prince, UN secretary general discuss Gaza situation
Saudi Arabia’s Crown Prince Mohammed bin Salman has received a phone call from UN Secretary General Antonio Guterres, the Saudi Press Agency said early Tuesday. The pair discussed the latest developments in Gaza and efforts towards achieving peace and stability.
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ENOWA showcases its green hydrogen offering at Saudi season opener
ENOWA, Extreme E’s official Green Hydrogen Partner, continued to showcase its green hydrogen offering at the Desert X Prix hosted in Jeddah, Saudi Arabia (17-18 February) which was the launch of the 2024 season. Since partnering with Extreme E in 2022, ENOWA has been pivotal in steering a multi-year collaboration, advocating for sustainable solutions in the world of motorsport. This collaboration has prominently highlighted green hydrogen as a transformative energy source, amplifying its potential on a global scale.
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Saudi Arabia launches electronic platform to monitor gender balance
The Saudi Institute of Public Administration (IPA) launched the experimental version of the electronic platform for the National Observatory for Gender Balance Indicators in Riyadh on Wednesday. The platform will review local and international indicators within the framework of gender balance to support decision makers, in line with the fifth goal of the Sustainable Development Goals on gender equality in the work environment.
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Hydrogen Wildcatters Still Need to Find Their First Gusher
Right now, the absence of a gas gusher is the main factor holding back geological hydrogen, a promising fuel that few had given any thought to 12 months ago. For decades, chemists and engineers have argued the simplest molecule, with the formula H2, might supplant the role of oil and gas in providing the heat, energy, and chemical feedstocks on which modern society depends. Only recently have geologists realized the earth’s crust might hold vast quantities of the stuff.
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Saudi-China Collaboration in the Context of a Circular Carbon Economy: Priorities and Opportunities in the Globalization of Hydrogen Markets
Developing clean hydrogen industries and markets are strategically crucial for Saudi Arabia and China to achieve their net-zero climate goals. Saudi Arabia has made significant progress in hydrogen development from extraction to commercialization. Different options for galvanizing clean hydrogen production are being explored, with the goal of reaching four million tons of clean hydrogen annually by 2030, most of which will be exported to major energy consumers in East Asia and Europe. China is the world’s largest producer and consumer of hydrogen. The construction of an integrated hydrogen industry by 2035 will promote the use of hydrogen across the transportation, energy storage, and industrial sectors.
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Water Challenges in the Emerging Hydrogen Economy
Global shifts have revitalized the move toward hydrogen as an energy source. However, discussions often center on cost and technical barriers, neglecting critical questions regarding water as a feedstock in hydrogen production.
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How the Houthis mined commercial intelligence to sabotage global trade
The Houthis' use of publicly available ship navigation data and other information that can be obtained with paid subscriptions on maritime intelligence sites is an unprecedented case of an Iran-backed group deploying open-source information widely accessible in the West against the US and its allies. “The Houthis have shown that with a computer and internet access, and maybe the help of a VPN, just how much data is available in the maritime space,” Corey Ranslem, chief executive of maritime risk advisory and security company Dryad Global, told Middle East Eye. The Houthis, once a mountain rebel group, whom one US lawmaker derided as “goat herders”, have catapulted to global prominence for their audacious maritime drone and missile attacks, which they say are on behalf of besieged Palestinians in Gaza.
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Saudi Space Agency Partners With LeoLabs and NorthStar for SSA
On the sidelines of the Space Debris Conference in Riyadh, the Saudi Space Agency signed memoranda of understanding (MoUs) with Leo Labs and NorthStar, respectively. The MoU with Leo Labs aims to build a cooperative relationship in the field of space monitoring. Both agreements aim to exchange expertise and knowledge related to space situational awareness and explore future collaboration opportunities between the Saudi Space Agency and both NorthStar and LeoLabs.
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CENTCOM chief in Saudi Arabia to meet top military general as violence engulfs region
The top US military general for the Middle East met with Saudi Arabia’s Chief of General Staff, Gen. Fayyad Al-Ruwaili, on Wednesday to discuss deepening military and defense ties, the Saudi Ministry of Defense said. United States Central Command (CENTCOM) chief Gen. Erik Kurilla visited the Kingdom, where they discussed bilateral relations as well as the prospects for cooperation in various fields, a statement from the Saudi ministry said.
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IMF Says Saudi Slump Matched Argentina Among Worst G-20 Laggards
Saudi Arabia’s economy had one of its steepest contractions of the past two decades after reducing oil output to support crude prices, according to the International Monetary Fund, a slump matched only by crisis-stricken Argentina among the Group of 20 nations. Gross domestic product slipped 1.1% last year, the IMF said in the World Economic Outlook on Tuesday, flipping its previous forecast for a small expansion. While expecting the kingdom to return to growth this year and next, its projection for Saudi Arabia saw the biggest downgrade for 2024 after Argentina in the G-20.
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