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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers
- November 24,2021
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- SUSTG Team
With Saudi Arabia’s success against the pandemic becoming the envy of countries around the world, the Kingdom’s economy is roaring back to life on the back of high oil prices and consumer confidence.
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Saudi Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
- November 23,2021
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- SUSTG Team
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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Reliance, Aramco ‘Mutually Determined’ to Reevaluate $15b Deal, Statement Says
- November 22,2021
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- SUSTG Team
Reliance and Saudi Aramco have “mutually determined” to reevaluate a potential $15 billion investment by Saudi Aramco into Reliance’s oil-to-chemicals (O2C) business agreed to in 2019, according to reports and a statement from Reliance.
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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
- November 19,2021
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- SUSTG Team
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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Saudi Arabia Announces Two New Mega-Development Plans in a Week
- November 17,2021
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- SUSTG Team
Saudi Arabia is full steam ahead with ambitious, large-scale new developments in the Kingdom, with two new projects announced this week alone.
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Saudi Arabia to Invest $64 Billion in Entertainment Sector – Report
- November 8,2021
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- SUSTG Team
Saudi Arabia said it will invest $64 billion in its entertainment industry as part of its ongoing efforts to diversify its economy, according to reports.
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The 966, Episode 10 – A World’s Fair in Riyadh, Excavating Al-Ula, and will Saudi Arabia Produce Cars Soon?
- November 5,2021
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- SUSTG Team
This week on The 966 Episode 10, the hosts discuss how Saudi Arabia is in talks with several carmakers about manufacturing in the Kingdom’s borders. Also, a team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of […]
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PIF Eyes Deal to Merge Mobile Towers of Zain, STC to Form Telecom Giant – Report
- November 3,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia “in a merger that would form the kingdom’s largest cellular towers company,” people familiar with the plans told Bloomberg.
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MUST-READS
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Saudia PrivatizationSaudi Arabia to Include Flyadeal in Saudia’s Privatization Plan: Sources
Saudi Arabian Airlines (Saudia) is planning to privatize the main airline and the low-cost carrier Flyadeal in a single transaction, according to company plans seen by Arab News.
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Healthcare and PharmaceuticalsInvesting in Private Healthcare institutions and Pharmaceutical establishments in Saudi Arabia
Healthcare is one of the most promising sectors for investors in Saudi Arabia and is estimated to be growing at 5% per annum. This growth is being given renewed impetus by the Vision 2030 document, released in May 2016, which emphasizes the government's focus on building healthcare capabilities within the Kingdom. This briefing gives investors an overview of the current regulatory regime in Saudi Arabia.
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Banking and FinanceMideast private bankers getting hot on Saudi Arabia
After many years in the doldrums, private banking in the Middle East is showing signs of a comeback. The region's private wealth sector has taken a hit in recent years thanks to lower oil prices, which put a damper on wealth creation as economic growth slowed down.
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VATSaudi Arabia Sets December Deadline for VAT Registration
Saudi Arabia has set a Dec. 20 deadline for mandatory VAT registration, ending weeks of speculation.
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VATSaudi Arabia Businesses Rush to Meet VAT Registration Deadline
With fewer than five months to implementation, and the draft regulations undergoing public consultation until Aug. 19, practitioners expressed concern that even in Saudi Arabia, which is some way ahead of its GCC partners, there could be considerable confusion on Jan. 1.
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Public-Private PartnershipsRabigh water project ushers in new wave of private finance in Saudi Arabia
Saudi Arabia plans to build a major new desalination plant north of Jeddah using private finance, as the Kingdom seeks to draw investment into big water projects.
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PrivatizationSaudi Arabia makes another move toward privatisation
The country’s cabinet created the supervisory committees (SCs) to work with the National Centre for Privatisation and Public Private Partnership (NCP), which was established in April. The NCP and finance ministry will be permanent members in all SCs, which will provide technical, financial, legal and regulatory framework to establish a “best practice blueprint for the privatisation of the targeted entities”.
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Public HealthcarePublic Healthcare in the Kingdom of Saudi Arabia: Plans for Private Sector Participation
Prospective private investors in the Kingdom’s public healthcare system should be encouraged by the latest developments as they show that the MOH is dedicated to attracting private sector investment and expertise to the public healthcare system and fulfilling the objectives of Saudi Vision 2030 and the National Transformation Program 2020.
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Kingdom School ShootingEx-worker kills two staff at Saudi Arabia private school
A 'disgruntled' ex-employee of a Saudi private school shot dead two staff members and injured a third, the school's chairman said.
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SecurityGunman opens fire at private school in Saudi Arabia, US embassy says
gunman has opened fire at a private school in Saudi Arabia that is popular with Western expatriates, the US embassy in Riyadh said Wednesday.
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