SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi intensifies investments in tourism talents

    The Ministry of Tourism had earlier allocated US$100 million to the Tourism Pioneers programme, which enabled 100,000 young people from its second-largest city, Jeddah to study at top institutions in France, Spain, Italy, Switzerland, the UK and Australia in 2022. On completion, participants will be equipped to “secure employment opportunities in leading hospitality companies in the Kingdom,” to help “create a skilled and ambitious workforce to support the tourism sector,” said the ministry in a statement.

  • Saudi intensifies investments in tourism talents

    The Riyadh School of Tourism and Hospitality, set to open in 4Q2024, is co-founded by the tourism ministry and Riyadh-based entertainment mega project Qiddiya in collaboration with the UNWTO. The institute will offer a range of educational programmes, from diplomas to Master’s degrees, and intends to welcome 25,000 students annually by 2030.

  • Foreign investment in Saudi capital market reaches $93bn

    Foreign investment in the Saudi capital market reached SAR347.01 billion ($92.52 billion) in 2022, up from SAR305.34 billion in 2021 and SAR86.86 billion in 2018, according to the kingdom’s market regulator. Overseas investors constituted 14.2 percent of the total free float value in the Tadawul All Share Index (Tasi) last year, compared to 3.77 percent in 2018, the state-owned SPA news agency reported.

  • Fitch Affirms Public Investment Fund at ‘A+’; Outlook Stable

    Fitch Ratings has affirmed Public Investment Fund's (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A+' with Stable Outlook. Fitch has also affirmed PIF's special-purpose vehicle (SPV) GACI First Investment Company's guaranteed EMTN programme ratings and senior unsecured long-term ratings of US dollar-denominated bonds at 'A+'.

  • Saudi Arabia-Based Cognna Closes A US$2.25 Million Seed Investment Round Led By Impact46

    Founded in 2022 by Ibrahim Alshamrani and Ziyad Alshehri, Cognna utilizes artificial intelligence and advanced data analysis to detect threats in customers' systems and networks, thereby offering ways to mitigate evolving cyber threats. It was also one of the emerging local companies that participated at the inaugural Cybersecurity Accelerator Program, a 12-week-long initiative launched by the Saudi National Cybersecurity Authority, in August 2022.

  • Nigeria Sees ‘Immediate’ Investments Worth Billions from Saudi

    Nigeria says it sees “immediate” multi-billion-dollar investment flows from Saudi Arabia after it signed an agreement with the kingdom to establish a business council that could see the middle eastern nation funding several sectors of the West African country, including agriculture, oil and gas, energy, telecommunications and technologies. The two nations agreed to reestablish a Nigeria-Saudi Arabia Business Council initially proposed in 2019 by Crown Prince Mohammed bin Salman bin Abdulaziz that was esisted by the government of former President Muhammadu Buhari.

  • Nigeria Sees ‘Immediate’ Investments Worth Billions from Saudi

    Nigeria says it sees “immediate” multi-billion-dollar investment flows from Saudi Arabia after it signed an agreement with the kingdom to establish a business council that could see the middle eastern nation funding several sectors of the West African country, including agriculture, oil and gas, energy, telecommunications and technologies.

    The two nations agreed to reestablish a Nigeria-Saudi Arabia Business Council initially proposed in 2019 by Crown Prince Mohammed bin Salman bin Abdulaziz that was esisted by the government of former President Muhammadu Buhari.

  • Saudi Arabia Confirms Boom Supersonic Investment

    Although no details of the NIF investment have been disclosed, Boom says the Saudi group forms part of a recently closed financing round which brings the company’s total funding to more than $700 million. Boom expects the Middle East, and Saudi Arabia in particular, to be a key player in the supersonic market for which it is developing the Mach 1.7 Overture airliner.

  • Saudi Arabia exceeding regional headquarters target, says investment minister

    Saudi Arabia has outperformed its target for attracting regional headquarters, with over 180 companies now established in the Kingdom. This number surpasses the initial goal of securing 160 HQs by the end 2023, as disclosed by Minister of Investment Khalid Al-Falih. In an interview with Bloomberg, Al-Falih emphasized that the regional headquarters program is part of a “long-term journey,” adding that the Kingdom is working with international entities to create the “right ecosystem” to open their offices in Saudi Arabia.

  • Saudi Arabia: New research on extent of country’s investment in sport

    New research claims to show the extent and scale of Saudi Arabian state investment and involvement in sport for the first time.

    The report published by Play the Game - run by the Danish Institute for Sport Studies, which is funded by the country's government - found 312 sponsorship deals across 21 sports, as well as multi-sport events.

    Play the Game's data was released days after the gulf kingdom was confirmed as the sole bidder for the 2034 World Cup.

    The research details how football is the main focus with 83 of the 312 deals - motorsport, with 34 deals, and golf, with 33, are the two sports with the greatest number of agreements after that.