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Recent stories from sustg
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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Lucid Opens First-Ever Auto Plant in Saudi Arabia
- September 27,2023
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- SUSTG Team
Lucid has opened the first ever car manufacturing plant in Saudi Arabia at the King Abdullah Economic City as the kingdom looks to establish itself as a global player in the EV race.
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Hajj 2024 in numbers: Annual pilgrimage draws over 1.83 million worshipers
- June 17,2024
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics (GASTAT) released the official figures for this year’s Hajj season.
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PIF and BlackRock Launch $5bn Investment Fund
- May 1,2024
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- SUSTG Team
BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.
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The 966 Episode 117: Saudis are optimistic, but what does 2024 have in store for Saudi Arabia and the Middle East?
- January 8,2024
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- SUSTG Team
The 966 hosts kick off the new year after a refreshing holiday break following a successful year for the podcast in which the growth of the audience more than doubled across all platforms, and in some cases, grew significantly more than that! The team thanks all of its listeners and viewers for tuning in each […]
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What the Israel-Hamas War Means for Saudi Arabia and the Middle East
- October 13,2023
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- SUSTG Team
Hamas’ horrific and stunning attack in Israel last week has upended the status quo in the region. With Israel now retaliating in Gaza, bombing an already desperate populace in the Gaza strip, leaving hundreds of thousands of people homeless there, and with thousands dead and injured on both sides, the war has thrown the Levant […]
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Saudi Arabia Sends Envoy to West Bank as Progress in Talks with Israel Gather Pace
- September 26,2023
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- SUSTG Team
Saudi Arabia, which has engaged in U.S.-brokered talks with Israel to potentially normalize relations, Tuesday sent a delegation to the occupied West Bank for the first time in three decades, VOA reports.
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Eid Mubarak from The SUSTG Review, SUSTG Weekend and The 966
- June 13,2024
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- SUSTG Team
The Saudi-US Trade Group which produces the SUSTG Review, SUSTG Weekend and The 966 podcast wishes peace, happiness and health to all on the occasion of Eid Al-Adha 2024 (1445 AH)
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Saudi Space Agency and WEF Establish Space C4IR Center
- April 30,2024
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- SUSTG Team
The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR) focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.
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Saudi Arabia Issues $12 Billion Bond
- January 9,2024
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- SUSTG Team
Saudi Arabia sold $12 billion of bonds — its largest deal since 2017 — amid a record start to a year for emerging-market countries, according to a report in Bloomberg.
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MUST-READS
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Clean TechnicaWork Set To Begin On Saudi Arabia’s First Solar PV Module’s Manufacturing Facility
Saudi Arabia has taken the first steps towards establishing a strong foundation for the growth of solar PV power infrastructure.
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Solar EnergySaudi’s ACWA Power gets $344 mln loan for Dubai solar project
ACWA is preparing bids for projects worth $7 billion in areas from from south Asia to the Middle East and North Africa and South Africa, Padmanathan said. "It is a very, very buoyant sector."
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Renewable EnergySaudi Arabia Delays $109 Billion Solar Plant by 8 Years
Part of the delay appeared to be linked to the kingdom’s desire to build its own renewable manufacturing business with money from the program. Currently, most solar panels are made inChina, and companies such as General Electric Co. in the U.S., Siemens AG of Germany andVestas Wind Systems A/S (VWS) of Denmark make wind turbines.
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PlasticsSipchem, Hanwha open solar film plant in Saudi Arabia
The facility, in the special economic zone of Hail, will have an annual capacity of 4,000 metric tons of ethylene-vinyl acetate film when it’s fully commercialized. The operation is part the Saudi company’s efforts to bring more plastics processing and downstream operations to the Kingdom to complement its resin manufacturing.
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US-SaudiGE lauds ‘Green Duba’ project, the first integration of a solar field with a combined cycle plant in Saudi Arabia
The landmark project, the ‘Green Duba’ Integrated Solar Combined Cycle Plant, will be built in the north-western part of Saudi Arabia, along the Red Sea coast, and has the capacity to generate the equivalent power needed to supply around 600,000 homes for a year.
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Electricity$1.2bn Saudi solar revolution
The SEC’s chief executive Ziyad Al-Shiha said the plant would have three power generating units — two powered by gas and the third by steam — to produce 550MW in addition to solar energy-powered units to produce 50MW. “This makes it one of the largest power plants in the world.”
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SolarSolar power key for Saudi future, says energy chief
A leading figurehead in Saudi Arabia’s energy sector has called solar energy "a must" for the kingdom, stating that Saudi Arabia has little choice but to pursue the potential of solar power if it hopes to maintain the country’s standard of living.
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Renewable Energy Investment2 Ways You Can Profit From Saudi Arabia’s $109 Billion Solar Boom
First Saudi Arabia's economy has been booming right along with its population in recent years. For example, between 2011 and 2013 economic growth ranged from between 3.6% and 8.6%. and 4.7% in the first quarter of 2014.
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SolarSaudi Arabia and Solar Economic Development
As the world increasingly looks to renewable energy to satiate growing global energy demand, the Middle East is no exception. Across the region, decreasing costs and evolving markets have led to a priming of the Middle East as potentially the next big front for renewable energy.
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PowerSaudi Agriculture Sector Evaluating Solar-Diesel Hybrids
"Hybrid solar-diesel systems are a viable solution to provide power to Saudi Arabia's poultry producers, many of which are not connected to the national electric grid," says Abdulmohsen Al Shoaibi, managing partner of DarSolar, a Saudi Arabia-based solar engineering firm. "Such solutions can help reduce the industry's heavy reliance on diesel fuel."
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