One of the worst famines in decades is on the verge of breaking out in Africa’s third-largest country. Sudan is in the grips of more than 15 months of ruinous civil strife that’s led to untold calamity and horror. Though casualty figures are far from clear, the top U.S. envoy to the region recently suggested that some 150,000 people may have been killed since the conflict between two rival warlords exploded last year. Now, the United Nations claims that some 750,000 people are on the brink of starvation. Western officials liken what’s unfolding to the famine in Somalia in 2011, where a quarter of a million people died, half of whom were children.
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Saudi non-oil economy continues growth
- August 27,2024
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- SUSTG Team
Jadwa Investments’ August 2024 macroeconomic update showed robust growth in non-oil activity.
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184 foreign companies move regional HQ to Saudi Arabia during first half of 2024 – MISA
- August 23,2024
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- admin
Saudi Arabia’s Ministry of Investment reported that 184 foreign companies moved their regional headquarters to Saudi Arabia after obtaining an investment license during the first half of 2024.
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Tourists to KSA spend over $37b in 2023
- August 16,2024
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- SUSTG Team
The Ministry of Tourism released it’s annual tourism statistics report for 2023 this week reflecting significant growth in tourist numbers and spending.
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Saudi’s Health Sector Transformation Program
- July 29,2024
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- SUSTG Team
In 2023, the Saudi government spent $50.4 billion on healthcare and social development, accounting for 16.96% of the annual government budget. This expenditure was second only to the education sector.
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U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
- July 26,2024
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- SUSTG Team
The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.
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Aquaculture in KSA
- July 18,2024
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- SUSTG Team
Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.
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Saudi-US Trade and Investment Framework Agreement (TIFA) Council Meetings Underway
- June 24,2024
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- SUSTG Team
The General Authority of Foreign Trade (GAFT) which is part of the Saudi Ministry of Commerce is leading Saudi Arabia’s delegation at the eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council, held between June 23 and 28, 2024, in Washington, DC.
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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KSRelief Spearheads Saudi aid to Gaza and the Globe
- March 29,2024
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- SUSTG Team
King Salman Humanitarian Aid and Relief Centre (KSRelief) provides humanitarian aid and relief to people outside of Saudi Arabia’s borders. KSRelief was established by King Salman bin Abdulaziz in 2015 and works in 46 countries, with a focus on the Middle East and North Africa region.
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MUST-READS
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Supermarkets of Saudi Arabia: Ensuring Food Security and Economic Diversity
Saudi Arabia has a strong growing consumer demographic and the grocery retail sector is estimated to be around 55 percent of the total retail market of the sector. In 2025, while the online grocery shopping sector is forecast to reach 10 percent of the total grocery sales, the overall size of the retail market is projected to reach USD 31.4 billion. This growth is majorly attributed to the growing popularity of modern retail formats such as supermarkets and hypermarkets.
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Nestlé establishes its first food manufacturing plant in Saudi Arabia
Nestlé agrees plans for its first food manufacturing plant in Saudi Arabia with investment from the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project aims in its initial stages to produce children’s food and launch an automated production line with modern technologies for packaging and filling materials operated by highly skilled and qualified national personnel. The 270 million SAR (US$72 million) investment is intended to boost local food production. The agreement, signed on September 15, 2024, in Riyadh, allocates a 117,000 SQM plot in Jeddah city’s Third Industrial City for the facility.
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Saudi Arabia continues airdrops of food aid to Gaza
Two planeload of food supplies landed in Jordan on Monday, on its way to distribute among the people of the Gaza Strip. The relief supply was airdropped in cooperation with the Jordanian Armed Forces to overcome the difficulties caused by the closure of the border crossings by the Israeli occupation forces.
- In Sudan’s catastrophe, food runs out as guns flow freely
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Saudi provides food aid to Sudan, Yemen
The Kingdom’s aid agency KSrelief has continued to provide food to vulnerable families in Sudan and Yemen, the Saudi Press Agency reported on Wednesday. In the River Nile state of Sudan, 1,200 boxes of food were given to 6,900 individuals affected by the ongoing conflict in the country. In the Al-Mansoura district of Yemen’s Aden governorate, KSrelief handed out 413 boxes of food for 2,891 individuals, as a part of its continuing aid project in the war-torn country.
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America’s Arabian Superfood
In the US over the past few years, dates have been trending as a superfood, often promoted in the recipes of energy smoothies or nutrition bars. As medical institutions such as the Cleveland Clinic note on their websites, numerous studies show that dates provide long-lasting, easily transportable energy, are rich in minerals like iron and potassium, and may help reduce cholesterol, keep blood-sugar levels steady and aid digestive health.
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The UAE’s Path to Food Self-Sufficiency
The UAE has achieved high rankings in food security indices. However, these rankings do not fully capture all aspects of the UAE’s food supply challenges, which primarily stem from its lack of food self-sufficiency. Food self-sufficiency – having greater control over food supply and reducing vulnerability to external threats – is crucial, as it allows a country to directly manage and influence its food production and availability. Despite the presence of over 38,000 farms in the UAE, their contribution to its food supply is minimal compared to food imports, which constitute up to 85% of consumption and cost about $13.2 billion in 2022. While this amount is manageable for a country as wealthy as the UAE, this reliance on food imports makes the UAE vulnerable to global food supply shocks caused by climate change, geopolitical tensions, pandemics, and other disruptions.
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KAUST joins Saudi AgriFood Tech Alliance
The Ministry of Environment, Water and Agriculture announced the launch of the first Saudi AgriFood Tech Alliance with KAUST, a founding member alongside the Research, Development and Innovation Authority and Topian, the NEOM Food Company. The alliance aims to provide a platform to unite and mobilize a complementary network of food and agriculture stakeholders, catalyzing the national-scale deployment of AgriFood technological solutions.
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Food and beverage sector dominates Saudi POS spending
According to a report by the Saudi Central Bank, restaurants and cafes in the Kingdom have spearheaded a notable increase in point-of-sale (POS) transactions from June 30 to July 06. The food and beverage sector held the largest share of POS spending, with an 8.8 percent increase to SR2.05 billion, up from SR1.88 billion the previous week. This was followed by the restaurant and cafe sector, which saw a 9 percent rise in spending, reaching SR1.96 billion. This highlighted a resilient economic recovery.
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Saudi Arabia Continues Airdrop Operations of Quality Food Aid to Gaza in Cooperation with Jordan
The Kingdom of Saudi Arabia, through the King Salman Humanitarian Aid and Relief Centre (KSrelief), has continued airdrop operations of quality food aid for those affected in the Gaza Strip, in cooperation with the Hashemite Kingdom of Jordan. A food airdrop operation was conducted yesterday in the Al-Mawasi area west of Khan Younis in southern Gaza, in collaboration with the Jordan Armed Forces-Arab Army, aiming to break the blockade imposed by Israeli occupation forces on the land border crossings.
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