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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
- December 22,2023
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- SUSTG Team
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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PIF Announces Establishment of Al Balad Development Company (BDC) to become the main developer of Jeddah’s historic Al Balad District
- October 3,2023
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- SUSTG Team
The Public Investment Fund (PIF) announced the establishment of the Al Balad Development Company (BDC), which will become the main developer of Jeddah’s historic Al Balad district, “in line with the continuous efforts led by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz to revitalize Historic Jeddah to transform Jeddah into an economic hub, […]
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Saudi 100 Brands stage Paris show
- June 21,2024
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- SUSTG Team
The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.
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Saudi Internet Penetration Reaches 99%
- May 7,2024
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- SUSTG Team
According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
- October 9,2023
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- SUSTG Team
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
- October 2,2023
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- SUSTG Team
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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Fossil fuel use, emissions set new highs in 2023
- June 20,2024
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- SUSTG Team
The Energy Institute and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, presenting the full global energy data picture for 2023.
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Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
- May 6,2024
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- SUSTG Team
In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.
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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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MUST-READS
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EnvironmentSaudi Arabia’s Prince Khaled bin Alwaleed sees a big future for plant-based foods
Prince Khaled bin Alwaleed, an avowed vegan and the founder and chief executive of KBW Ventures, told CNBC Tuesday that the companies he invests in have to be capable of generating revenue — but they need to have a positive impact on the world as well.
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Popular FoodsIn pictures: Saudi Arabia most popular foods of 2019
When it comes to guilty pleasures, there's nothing quite like a pizza to satisfy those cravings, ranking 2nd, just behind Shawarma. Previous In KSA, we saw the rise of vegetarianism with meat-free dishes ranking 8th in most ordered food throughout 2019. 1. Shawarma 2. Pizza 3. Falafel 4. Garlic 5. Halloumi 6. Hummus 7. Vegetarian 8. Honey 9. Quinoa 10. Protein Next
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LocustsVast Locust Swarm Casts Shadow Over East African Food Security
Swarms of the insects are already devouring crops and pasture in Ethiopia and Somalia, and they’re breeding in Djibouti, Eritrea and Sudan -- all areas that are prone to drought and food shortages. There’s a high risk they may soon enter northeast Uganda and southeast South Sudan, the United Nations’ Food and Agriculture Organization said Friday.
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Saudi StartupStartup of the Week: A Saudi Eco-friendly food waste startup brings value-added benefits
“We produce fatty acids from the food waste, extracting them through a liquid-liquid extraction system. The fatty acid oils are then used to help animal feed, as well as the feed and chemical industries,” said Xu.
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FoodInitiative launched to reduce food waste in Saudi Arabia
The Eastern Province municipal council has agreed to impose a new regulation on hotels, private enclosures of more than 400 meters and wedding halls in an effort to reduce food waste. The regulation, which has been passed by the municipality, will oblige these businesses to sign agreements with food protection societies.
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AgricultureBrazilian food processor BRF signs MOU to invest $120M in Saudi plant
Brazilian food processor BRF SA said on Tuesday it has signed a memorandum of understanding with the Saudi Arabian General Investment Authority to invest around $120 million to build a chicken processing plant in the country. “The company estimates the investment amount to be around $120 million, which will allow BRF to expand and consolidate its presence in the Saudi market,” BRF said in a securities filing.
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Food and BeverageSix foreign halal certification bodies recognised by Saudi Food and Drug Authority
Saudi Arabia’s government on October 1 approved the launch of the Kingdom’s national system for halal products. Two bodies are at the centre of the country’s national halal system: the Saudi Standards, Metrology and Quality Organization (SASO), and the Saudi Food and Drug Authority (SFDA). SASO is responsible for accre
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Climate ChangeIPCC climate change report: 1 billion worldwide will face water, food shortages by 2050
A key United Nations report Wednesday warns that more than a billion people around the world could face severe water shortages and food insecurity by 2050 due to the effects of climate change. The Intergovernmental Panel on Climate Change said the report, compiled by more than 100 top climate researchers, is a call for world leaders to be more aggressive in slowing greenhouse gas emissions to help keep the global temperature rise under 2 degrees Celsius.
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Saudi-Asia12 Malaysian SMEs to export $5 mln worth of food to Saudi Arabia in 2020
The food companies signed distributorship agreements with The Synergy International Co (TSI), a diversified group of companies in Saudi Arabia. TSI’s retail arm runs Asiana Grocer, and the company also has a distribution network covering other retailers.
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TourismMichelin-starred quality food next on Saudi tourism menu
The Royal Commission for Al Ula (RCU), which is seeking investments of $20 billion to create 35,000 jobs and contribute $32 billion to the kingdom’s GDP, has announced a partnership with Ferrandi Paris, France’s School of Culinary Arts and Hospitality Management.
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