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Saudi Arabia’s Economy Jolts to Life as New Economic Data Shows ‘Significant’ Increase in PMI, Non-Oil Exports
- June 2,2021
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- SUSTG Team
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment’s recently-released Chartbook for the month said.
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Kingdom Registers Surge in SME Contribution to GDP, a Top Goal of Vision 2030
- May 31,2021
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- SUSTG Team
The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom’s overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.
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Saudi Arabia Eyes $55 billion by 2025 Through Privatization Program, Al Jadaan Says
- May 25,2021
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- SUSTG Team
Saudi Arabia hopes to raise about $55 billion over the next four years with a revitalized privatization program, the country’s finance minister Mohammed Al-Jadaan told the London-based Financial Times in an interview published over the weekend.
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Saudi Arabia Issues International Travel Guidelines for Vaccinated Residents, Ramps Up Vaccination Drive
- May 24,2021
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- SUSTG Team
Saudi Arabia released new guidelines for resident travelers who are vaccinated, allowing them to travel abroad and return if they do not enter or pass through certain countries.
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U.S. Blasts Houthi Leadership, Sanctions Two Top Commanders as Peace Talks Stall – Report
- May 21,2021
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- SUSTG Team
The Biden Administration announced new sanctions on two Houthi military officials, the U.S. Treasury Department said, taking action over the Iran-aligned movement’s offensive to seize Yemen’s gas-rich Marib region and lack of real commitment to finding a peaceful solution to the end of the war there.
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Saudi FM Faisal bin Farhan Acknowledges ‘Exploratory Talks’ with Iran; Kingdom is ‘Hopeful’
- May 19,2021
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- SUSTG Team
Saudi Arabia’s Foreign Minister HRH Prince Faisal bin Farhan acknowledged in an interview with the AFP that the Kingdom has held “exploratory talks” with regional rival Iran, and said that Saudi Arabia is “hopeful” that the talks in their early stages will lead to diplomatic progress.
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As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars
- May 14,2021
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- SUSTG Team
Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.
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Startup Ecosystem in Saudi Arabia Begins to Thrive
- May 6,2021
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- SUSTG Team
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
- May 3,2021
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- SUSTG Team
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudi Economy: TASI Rises in April, and Consumer Spending Bounces Back
- April 30,2021
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- SUSTG Team
Recent data on Saudi Arabia’s economy showed a mixed picture for the Kingdom, with non-oil PMI trending lower in March, month-on-month, while remaining in expansionary mode, according to Jadwa Investment and official government figures.
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MUST-READS
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Six FlagsSix Flags in Talks with Saudi Government for Future-Construction of Theme Parks
Theme park chain Six Flags Entertainment Corporation said it was in direct discussions with Saudi Arabia to pursue developing amusement parks in the Kingdom.
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Government HospitalsExpats can now use Saudi government hospitals – report
The decision was taken due to a large number of expats living in rural areas where few or no private hospitals are provided, a government official told local media on Sunday.
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Chemical ProjectsSaudi government signs 5 new US$ 196 mn chemical projects contracts
Saudi government has signed five new contracts to develop major chemical projects worth SR735 million ($196 million) at an industrial area in the Eastern Province of the kingdom.
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Saudi-CanadaSaudi government’s cultural showcase in Ottawa postponed
The Saudi government has postponed a big cultural festival scheduled to take place in downtown Ottawa this week, according to the Saudi Embassy.
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EgyptEgypt′s police disperse anti-government protests over Saudi islands
Egyptian security forces in Cairo on Monday dispersed demonstrators protesting Egypt's decision to hand over two Red Sea islands to Saudi Arabia, reported state-owned news outlet al-Ahram.
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Saudi PR and Lobbying EffortsSaudi government has vast network of PR, lobby firms in U.S.
The Saudi government, embassy and government-owned entities have been contracting with U.S. consulting firms for more than 30 years. The work ranges from years-long agreements for legislative advice to one-time PR outreach efforts during “VIP visits” of Saudi leaders to Washington and New York.
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Online SurveySaudis most concerned about online government surveillance – survey
It also found that most respondents support tighter internet regulation in their countries. That includes 66 per cent in Saudi Arabia, 65 per cent in Lebanon, 62 per cent in Qatar, 60 per cent in Egypt and 51 per cent in the UAE.
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Cyber SecuritySaudi Censorship to Monitor Cyber-Attacks on Government Bodies
A Saudi official has revealed that there is a continuous censorship and follow up to track any attempt for cyber attacking government and private installations, including terrorist actions and money laundering.
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Bond IssuancesSaudi government to issue $5.3bn of bonds
The Saudi Arabian government has told local banks that it will sell them SR20 billion ($5.3 billion) of three-, five- and seven-year bonds, with floating as well as fixed rates, the Maaal financial website quoted sources as saying on Sunday.
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Government PaymentForeign governments press Saudi Arabia on workers’ delayed wages
In absolute terms, the state does not lack money to pay its debts; it still has nearly $600 billion in overseas assets. But austerity controls imposed on government departments have slowed approvals for payments and their disbursement.
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