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Recent stories from sustg
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US-Saudi Trade, Investment and the U.S.-Saudi Commercial Relationship
- June 30,2014
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- SUSTG Team
On June 12th, 2014 the FocusKSA discussion series examined the current status and future trajectory of trade and investment between the U.S. and Saudi Arabia.
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An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
- June 30,2014
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- Richard Wilson
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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‘Saudi Labor in Transition’
- June 30,2014
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- SUSTG Team
With regard to preserving economic, political and social stability at home, none of these external issues may be as important for Saudi Arabia to ‘get right’ as the issue of jobs. FOCUS KSA presents Saudi Labor in Transition: What are the Challenges facing the Kingdom?
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Fahad Nazer: Assertions that Saudi Supports ISIL ‘Without Evidence’ and ‘Defies Common Sense’ [VIDEO]
- June 30,2014
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- Lucien Zeigler
Last week’s FocusKSA discussion on the deteriorating security situation in Iraq brought together three experts on the subject to make sense of the advance of ISIL and discuss the implications for Saudi Arabia and the United States. Fahad Nazer, analyst with JTG Inc. and frequent commentator on CNN, Al Monitor and other media outlets, focused on the lack of […]
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HRDF’s New Priority: Business Education Scholarships For Saudi’s Young Private Sector Leaders
- June 11,2014
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- Bill Connor
Since its inception in 2000, the primary mission of the Saudi Human Resources Development Fund (HRDF) has been to provide job training and locate entry-level employment for young Saudis. But thanks to a new partnership with The Madinah Institute for Leadership and Entrepreneurship (MILE), HRDF now has another ambitious goal: to educate and support Saudi’s […]
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PHOTOS: The 2014 SACM Career Fair at the Gaylord Hotel in Washington DC
- May 30,2014
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- Lucien Zeigler
The recently completed 2014 SACM Career Fair brought together over 12,500 Saudi graduates and leading employers in Saudi Arabia to match talent with opportunities. Leading companies from the U.S., Saudi Arabia and around the world set up booths to meet the recent graduates, introduce their companies, and discuss employment opportunities.
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Saudi Arabia’s Upcoming 10th Economic Development Plan is of Critical Importance
- May 27,2014
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- John Sfakianakis
Saudi Arabia’s two most important national economic goals are diversification and the creation of jobs. Simply, if the economy fails to diversify and doesn’t create enough jobs for Saudis, prospects for Saudi Arabia’s post-oil future will be severely diminished. An economic development plan is only as good as its implementation.
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VIDEO: FocusKSA Discussion on ‘Saudi Labor in Transition’
- May 19,2014
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- SUSTG Team
Last week, SUSTG President Richard Wilson and SUSRIS Editor-in-Chief Patrick Ryan hosted three panelists to discuss issues related to labor in Saudi Arabia.
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Commerce Secretary Penny Pritzker Discusses Exports, New Initiatives at Atlantic Live Event
- May 14,2014
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- Lucien Zeigler
The Atlantic magazine in Washington and its events arm Atlantic Live held a conversation today with United States Commerce Secretary Penny Pritzker and Washington Editor-at-Large, Steve Clemons to discuss the DoC’s efforts at promoting U.S. exports. Pritzker, who spoke last September at the U.S.-Saudi Business Opportunities Forum in Los Angeles for which SUSTG was a principal […]
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FOCUS KSA – ‘Saudi Labor in Transition’: Register Now for Wednesday, March 14th 10:00am EST Online Discussion
- May 13,2014
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- Lucien Zeigler
The international news cycle has moved on from President Obama’s visit to Riyadh in late March. The surge of commentary surrounding his trip tended toward hand-wringing about the status of the US-Saudi Arabia relationship and the tension between American and Saudi perspectives regarding Iran, Syria and Egypt.
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MUST-READS
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4,000-year-old fortified town found in Saudi Arabian oasis
The remains of the town, dubbed al-Natah, were long concealed by the walled oasis of Khaybar, a green and fertile speck surrounded by desert in the northwest of the Arabian Peninsula. Then an ancient 14.5 kilometre-long wall was discovered at the site, according to research led by French archaeologist Guillaume Charloux published earlier this year. The large town, which was home to up to 500 residents, was built around 2,400 B.C. during the early Bronze Age, the researchers said. It was abandoned around a thousand years later. "No one knows why," Charloux said.
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Saudi Arabia’s labour law amendments: What they mean for employers and employees
Set to take effect on February 18, 2025, these changes align with the kingdom’s Vision 2030 goals, aiming for a balanced labour market that encourages fair treatment, Saudisation and improved work conditions. The new amendments also expand leave entitlements, granting 12 weeks of maternity leave (six of which are mandatory post-birth), three days of paternity leave, and an additional three days of bereavement leave for the death of a sibling. These changes reflect a progressive shift towards global labour standards, focusing on work-life balance and family support.
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Deputy Secretary Campbell’s Meeting with Saudi NSA al-Aiban and Minister al-Swaha
Deputy Secretary of State Kurt M. Campbell met today with Saudi Arabia’s National Security Advisor Musaid al-Aiban and Saudi Minister of Communications and Information Technology Abdullah al-Swaha. They discussed a range of efforts to expand U.S.-Saudi cooperation in artificial intelligence (AI) and other areas of science and technology. Deputy Secretary Campbell affirmed the United States’ commitment to partnering with Saudi Arabia to build advanced tech ecosystems and unlock the potential of safe, secure, and trustworthy and responsible AI. They also discussed continued efforts to de-escalate tensions and work toward lasting peace and security in the region.
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PIF partners with Google Cloud to create AI hub in Saudi Arabia
The partnership will provide AI training for millions of Saudi students and professionals, supporting the national objective of expanding the information and communication technology sector by 50 percent. Through Google Cloud’s technology, industries will have enhanced access to AI applications, enabling growth and capacity building. The agreement, subject to regulatory approvals, also includes joint research on Arabic language models and Saudi-specific AI applications.
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Can Saudi Arabia build a thriving fintech hub by 2030?
Let’s say an international fintech is looking to come to Saudi Arabia. First, Fintech Saudi will have a consultation with the company to understand its business model and determine if it needs to be regulated by the major financial bodies. If so, it brings in subject matter experts, law firms as well as other companies in the industry to give the relevant guidance, while involving the main regulators throughout the entire process. Next, Fintech Saudi will connect the company with the Ministry of Investment, which can provide support with setting up an entity in Saudi Arabia.8 Finally, Fintech Saudi can give the company links to private service providers in the country–such as office space or software businesses–that can help it get up and running quickly.
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Archaeologists discover 4,000-year-old Bronze Age settlement hidden in Saudi Arabian oasis
Archaeologists discovered the site near the city of Al-'Ula in the Hejaz region of western Saudi Arabia and called it "al-Natah." The settlement covered about 3.7 acres (1.5 hectares), "including a central district and nearby residential district surrounded by protective ramparts," the researchers said in a statement. But the town, which was occupied starting around 2400 B.C., was small, with a population of only around 500 people, the team noted in a study, published Wednesday (Oct. 30) in the journal PLOS One. The town was abandoned sometime between 1500 and 1300 B.C., but researchers aren't sure why this happened. "It's a pertinent question that I can't really answer at the moment," Charloux said, noting that "we have very few clues about the last phase of occupation."
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Golf Saudi CEO aims to break golf’s ‘elite’ image, making sport accessible to all
“There’s the expression of ‘you build it and they will come.’ Golf is one of those sports that once a person adopts it, it’s almost for life. So, we’re working [towards that],” Alireza said speaking from the Riyadh Golf Club. “Our strategy in Golf Saudi is to build both demand and supply. But in order for the demand to come, the focus over the next two years is building as much infrastructure as possible,” he explained. One way that Golf Saudi is working towards expanding interest for golf is working with entertainment facility TopGolf to build facilities across the Kingdom to draw in non-golfers who might eventually express bigger enthusiasm for the game.
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Saudi’s KAFD signs agreement for Monorail Project
The Monorail spans 3.6 kilometers and features a driverless autopilot operation, setting new standards in safety and efficiency. The sleek, elevated system will consist of six trains, traveling along a circular track with six stations strategically placed across the district to connect key areas, encompassing office buildings, retail spaces, and leisure facilities. The Monorail also offers seamless connectivity by integrating with the Riyadh Metro, making transfers smooth with enhanced accessibility throughout the city. Its design aligns with KAFD’s vision of a “10-Minute City”.
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“Saudi Arabia is among world’s fastest-growing economies”
He emphasized PIF's focus on investing in AI, leveraging the Kingdom's capabilities to establish itself as a global AI hub. He also presented PIF's investments in the sports sector. “We currently have $930 billion in assets under management and the share of foreign assets is 30 percent. The PIF has established many bold investment partnerships with major companies, and there is a qualitative shift in employing its investments. “We are focusing on the local economy as we have established 92 new companies since 2015, and we have achieved major achievements since then.”
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Saudi cabinet anticipates two-state solution talks, calls for Gaza ceasefire
The Saudi cabinet expressed optimism that Wednesday’s high-level meeting of the Global Alliance for the Implementation of the Two-State Solution in Riyadh will establish a timeline for a sovereign Palestinian state and advance efforts to end the occupation. Reiterating its position from the recent BRICS Plus 2024 Summit, the cabinet firmly opposed any escalation of conflict in the region. It highlighted the serious threat that ongoing Israeli actions in Gaza pose to both regional and global security, calling for an immediate ceasefire, unobstructed humanitarian assistance, and a renewed commitment to achieving lasting peace.
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