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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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Turkey under fire as deadly shelling sparks outrage in Iraq
At least nine people have been killed and dozens wounded in a reported artillery barrage on a tourist resort in Iraqi Kurdistan. The incident has elicited a furious response from Iraq’s government, which squarely blames Turkey. The casualties are believed to be Arabs from central and southern Iraq, where major protests outside Turkish consular and diplomatic facilities have erupted. Ankara has denied responsibility and blamed the Kurdistan Workers’ Party (PKK), which it is fighting in the area.
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Angry Iraq mourns dead from shelling blamed on Turkey
Iraq held a day of national mourning Thursday for nine holidaymakers killed in the bombardment of a Kurdish hill village that the government has blamed on neighbouring Turkey. Turkey denied its troops were responsible, instead blaming rebels of the outlawed Kurdistan Workers Party (PKK), prompting Germany to call for an urgent investigation.
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Turkey’s Erdogan says almost all Nordic countries are “nests of terror” – presidency
Finland and Sweden applied for NATO membership in response to Russia's invasion of Ukraine, but were faced with opposition from Turkey, which accused them countries of supporting groups it deems terrorists. Last month, the three countries signed an accord to lift Ankara's veto in exchange for pledges on counter-terrorism and arms exports.
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Putin Seeks to Cement Ties With Iran, Turkey in Rare Trip Abroad
In only his second trip outside Russia since the country invaded Ukraine in February, Mr. Putin is set to travel to Tehran on Tuesday, where he will meet Turkish President Recep Tayyip Erdogan and Iranian President Ebrahim Raisi. The visit reflects the importance Mr. Putin places in maintaining the leverage Russia gained from years of military and diplomatic intervention in the Middle East.
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BRICS expects Egypt, Saudi Arabia and Turkey to join group soon
"All these countries have shown an interest in joining and are preparing to apply for membership. I think this is a good step, because expansion is always perceived positively; this will clearly increase the influence of BRICS in the world," explained Anand. "I hope that the accession of countries to BRICS will happen very quickly, because now all representatives of the core of the association are interested in expanding the organisation, so it will be very soon."
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80% of Turkey’s Gen Z tell pollster they won’t vote for Erdogan
The opinion polling data continues to look bleak for Turkey’s President Recep Tayyip Erdogan, who must face the electorate by next June at the latest. Some 80% of Turkey’s Generation Z—those born after 2000—say they will not vote for Erdogan’s ruling Justice and Development Party (AKP), according to a study by Gezici Research. By next June, Gen Z will represent 11.8% of Turkey’s voting adult population.
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Does Turkey have ‘an eye’ on Iraq?
Despite the focus on the PKK, deeper dynamics are also perceived to be at play. Former Iraqi prime minister (2006-14) Nouri Al-Maliki—the long-time head of the State of Law bloc—has gone further and argued that Turkey’s actions are in fact a sign that it is “eyeing” ways to reassert control over territory lost following the break-up of the Ottoman Empire a century ago.
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Israel carriers may soon fly to Turkey under new aviation deal
Israel and Turkey on Thursday signed a new bilateral civil aviation agreement, their first since 1951, as part of a recent warming of diplomatic ties, allowing Israeli carriers to resume flights to Turkey after a 15-year absence. "The agreement is expected to result in the resumption of flights by Israeli companies to a variety of destinations in Turkey, alongside flights by Turkish companies to Israel," Israel's Transportation Ministry said in a statement.
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Turkey’s Egg Producers Are the Latest Target in Inflation War
Turkey’s egg producers have found themselves at the forefront of a deepening controversy over who’s to blame for the country’s inflation crisis as the government intensifies pressure on businesses to keep prices down.
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What Turkey Got for Letting Sweden, Finland Join NATO
In their trilateral June 28 memorandum—which NATO Secretary-General Jens Stoltenberg and the Biden administration had no small part in bringing about—the three countries agree that “as prospective NATO Allies, Finland and Sweden extend their full support to Turkiye against threats to its national security. To that effect, Finland and Sweden will not provide support to YPG/PYD [Syrian Kurdish People's Protection Units and the associated Democratic Union Party], and the organisation described as FETO in Turkiye.” It went on: “Finland and Sweden unambiguously condemn all terrorist organisations perpetrating attacks against Turkiye, and express their deepest solidarity with Turkiye and the families of the victims.”
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