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Recent stories from sustg
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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
- October 10,2023
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- SUSTG Team
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
- September 29,2023
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- SUSTG Team
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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Nusuk pilgrim card launched
- May 3,2024
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- SUSTG Team
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
- January 4,2024
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- SUSTG Team
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
- September 28,2023
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- SUSTG Team
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
- June 17,2024
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- SUSTG Team
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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10th Saudi Film Festival Underway
- May 2,2024
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- SUSTG Team
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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MUST-READS
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Power PlansSaudi Arabia’s electricity privatisation plans preparing ground for solar
A local paper, citing sources close the government, claims that the plan for the changes also includes a transition to renewable sources.
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Solar EnergyWhy Saudi Arabia is ready for solar
ECRA expects Peak Load capacities in the Kingdom to more than double from 35GW in 2007 to a projected, 75GW in 2020.
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Saudi OgerSunRise PV, Saudi Oger to ink Jordanian solar deals in Q1
In the first quarter of 2016 Jordan will sign two 50-MW solar agreements with Greek firm GI Karnomourakis SunRise PV Systems and Saudi Oger Ltd of Saudi Arabia, an energy ministry official told the Jordan Times.
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SolarSaudi Investors Join $70 Million VC Round For Solexel’s Thin Silicon Solar Technology
Solexel, one of the few remaining stand-alone solar silicon startups, has completed a long-in-the-making $70 million round of funding and added Riyadh Valley Company, the VC investment arm of King Saud University of Saudi Arabia, to its list of investors. According to an SEC form, Solexel closed the D round in June.
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Renewable EnergySaudi Arabia unveils plan for 50-MW solar project
Saudi Arabia’s King Abdulaziz City for Science and Technology (KACST) on Thursday signed pacts with two companies for a 50-MW solar project to be developed in the city of Saudi Aflaj.
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Renewable Energy: SolarWhy the Saudis Are Going Solar
One of the biggest firms waiting in the wings is Acwa Power International, which is based in Riyadh and owns and operates power and desalination plants in the Middle East, Africa, and Southeast Asia. In the past few years, Acwa Power has signed contracts to produce solar power in several countries—places where the price of conventional electricity is higher than in Saudi Arabia.
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Saudi Energy PolicyAt OPEC the Saudi Oil Minister Mainly Wants to Discuss Solar Power
Everybody wants to know what the oil minister for Saudi Arabia thinks. These days, it's all about solar power.
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Solar PowerSaudi Arabia is hedging its bets with solar power
So what to make of the statement by Saudi Arabia’s oil minister that the world’s biggest oil exporter could stop using fossil fuels as soon as 2040 and become a “global power” in solar and wind energy?
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Renewable EnergyFocusing on CSP, Saudi Arabia to Add 41 GW Solar Power by 2032
According to a recently published report from TechSci Research, a “phenomenal” rate of growth is anticipated, especially between 2015–2020. With a plan for adding 54 GW of power generation capacity from renewable sources, 41 GW of solar power will contribute to the mix of renewables in the Kingdom of Saudi Arabia by 2032.
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Saudi SolarSaudi Arabia Solar Power Market to Exhibit Robust Growth Through 2020
Increasing government focus on Renewable Energy Program coupled with rising power demand to drive Saudi Arabia's solar power market
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