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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
- May 23,2022
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- SUSTG Team
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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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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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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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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Jon Alterman from the Center for Strategic and International Studies joins The 966 to talk about the Middle East in an evolving global order, U.S.-Saudi relations
- May 6,2022
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- SUSTG Team
In Episode 42, the ever-insightful Dr. Jon Alterman from the Center for Strategic and International Studies (CSIS), one of the leading think tanks in Washington, joins The 966 to talk about a changing global order and the Middle East’s role in it. The hosts ask Jon about his work to-date, including building the fascinating and […]
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US Removes Saudi Arabia from Intellectual Property Protection Concern List – Report
- May 2,2022
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- SUSTG Team
Saudi Arabia has been removed from a US watchlist of countries it deems are weak at enforcing Intellectual Property rules, a step toward removing a significant obstacle in attracting foreign investment into the Kingdom.
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Dr. Fatimah Alhamlan from KFSHRC and founder of Rofaida joins The 966, Biden’s pick for Ambassador to Saudi, and more…
- April 29,2022
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- SUSTG Team
In Episode 40, Dr. Fatimah Alhamlan from King Faisal Specialist Hospital and Research Center (KFSHRC) and founder of Rofaida, a Women’s Health Organization, joins The 966 to talk about her life’s journey that took her as a young woman from Medina to becoming an American-educated PHD researcher, Eisenhower fellow, and now as a leader at […]
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King & Spalding Paper Examines Impact of New Privatization Law in Saudi Arabia
- April 28,2022
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- SUSTG Team
A new paper from law firm King & Spalding summarizes the new Privatization Law in Saudi and seeks to assess its impact in its first twelve months, “including the extent to which it has achieved its stated objectives, as well as to highlight key takeaways for industry participants and lessons learned from our experience in procurement […]
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Saudi Arabia Will Purchase Up to 100,000 Lucid Vehicles, Company Says
- April 27,2022
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- SUSTG Team
Electric carmaker Lucid Group Inc., which is owned by Saudi Arabia’s Public Investment Fund (PIF) on Tuesday said it has signed an agreement with the government of Saudi Arabia for the purchase of up to 100,000 of its vehicles over the next 10 years, according to Reuters.
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MUST-READS
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Saudi-GermanyGerman government split on Saudi arms ban
The German government cannot decide whether to continue its arms embargo against Saudi Arabia. The ban on exports is due to expire this week, and Paris is pressuring Berlin to lift it.
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U.S.-Saudi RelationsUS government training Saudis to build their own air marshal program
The US government is conducting a training program with the government of Saudi Arabia to aid them in standing up an air marshal program similar to that of the United States.
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AbsherOpinion: Western criticism of a government app is misplaced: For now, it is the best option for progressive Saudis.
in light of the controversy about a Saudi app that supposedly “tracks women,” let’s take a collective deep breath and try to understand what is really going on in the kingdom.
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Saudi-GermanyGerman government sees no basis for authorizing further weapons exports to Saudi
The German government sees no basis for authorizing further weapons exports to Saudi Arabia, a spokeswoman for the Economy Ministry in Berlin said on Wednesday.
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Saudi StudentsSaudi government denies helping troubled students flee Oregon, other states
“The overwhelming majority of Saudi students enjoy productive stays in the United States, and many have contributed positively to their local communities,” the statement said.
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Saudi-UAEAnalysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency
Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises to bid for procurement contracts in both countries, financial literacy for children, and disabled access in airports, to name a few cross-border goods and services that are getting favorable treatment.
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Corruption CrackdownSaudi Arabia suspends 126 local government employees on corruption charges
Saudi Arabia said on Tuesday it had suspended 126 local government employees at municipalities across the kingdom on corruption charges.
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EconomySaudi economy forecast to grow 2% on stronger non-oil sector, higher government spending
The Saudi Arabian economy will expand by 2 percent this year with the non-oil sector getting a boost from higher crude prices and government spending likely to rise further in 2019, an Emirates NBD Research report said on Sunday.
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Saudi WorkforceSaudi Government to Pay Private Sector in an Attempt to Expand Saudization
The government will contribute to the wages of Saudis employed in the private sector, one of several incentives to motivate the hiring of nationals and increase their participation in the labor market.
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Saudi BondsSaudi government borrowings set to soar in 2019
Many analysts say the budget deficit could be much higher than projected, with some analysts forecasting that it could be in the range of 7 to 9 per cent. Given its huge budgeted financing needs, analysts say Saudi Arabia is likely be less sensitive to pricing.
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