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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Saudi Arabia In Talks to Join BRICs Bank – Report
- May 31,2023
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- SUSTG Team
Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.
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An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…
- May 26,2023
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- SUSTG Team
Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia. The hosts discuss with Eyad the rocky start for new funding rounds in the Kingdom after […]
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PIF’s Badeel, ACWA Power Invest $3.25 Billion into Three New Solar Projects in Saudi Arabia
- May 22,2023
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- SUSTG Team
The Water and Electricity Holding Company (also known as Badeel), a wholly-owned company of Saudi Arabia’s Public Investment Fund (PIF), and ACWA Power today announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development, and operation of three major new solar PV Independent Power Producer (IPP) projects in […]
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
- May 19,2023
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- SUSTG Team
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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Major New Shopping District VIA Riyadh Opens to Public
- May 18,2023
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- SUSTG Team
VIA Riyadh, a new entertainment, retail, and hospitality district in the capital city has opened to the public, giving visitors and citizens a new destination in the Salmani architecture style.
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At Cannes, Saudi Arabia Launches Two Film Funds to Jumpstart Local Industry
- May 17,2023
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- SUSTG Team
Saudi Arabia’s newly-minted Cultural Development Fund has officially unveiled two separate film sector funds at the Cannes Film Festival in France, Variety reports.
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Contract Signed for $1.5 Billion for NEOM High-Speed Railway to Connect Port Development of Oxagon and The Line
- May 15,2023
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- SUSTG Team
Milan, Italy-based Webuild and its joint-venture partner Shibh Al Jazira Contracting Company (SAJCO) have signed a contract worth circa $1.5 billion to design and build 57 kilometers (35.4 miles) of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia which will connect Oxagon and The Line, according to reports.
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Saudi Arabia’s Rua Al-Madinah Giga-Project Signs Major Deal with Accor for 1,000 More Keys
- May 11,2023
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- SUSTG Team
Saudi Arabia’s in-development Rua Al-Madinah giga-project signed an agreement with France-based Accor group for three hotels, adding 1,056 keys to the area spread across three brands.
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Saudi Arabia and Syria to Resume Diplomatic Missions After Decade-Long Freeze, Officials Confirm
- May 10,2023
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- SUSTG Team
Saudi Arabia is continuing apace with major shifts in its foreign policy, formally resuming diplomatic ties with Syria after a decade-long freeze, officials confirmed on Tuesday.
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MUST-READS
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Air Force Breakthrough Brings Space-Based Solar Power One Step Closer
What’s the best way to power the remote bases of the future? The U.S. military has looked at all sorts of options, from algae-based diesel to small nuclear reactors. On Tuesday, the Air Force Research Lab, or AFRL, announced a breakthrough in a long-envisioned method: solar power collected in space and streamed to Earth in the form of microwaves.
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Saudi defenses destroy two Houthi drones targeting Abha airport, SPA says
Saudi Arabia’s air defences on Sunday destroyed two drones launched by Yemen’s Houthis toward the Abha international airport in the southwest of the kingdom, the Saudi Press Agency (SPA) reported. State-run SPA cited a statement from the Saudi-led coalition fighting the Iran-aligned Houthi group which controls most of northern Yemen.
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Saudi crown prince launches Jeddah Central Project, SPA confirms
Saudi Arabia's Crown Prince Mohammed bin Salman has launched the plan and main features of the Jeddah Central Project, previously known as New Jeddah Downtown, with total investments of 75 billion riyals ($19.99 billion), the state news agency (SPA) said on Friday. "The ambitious 75 billion Saudi riyals project will develop 5.7 million square metres of land overlooking the Red Sea to be financed by the Public Investment Fund and from local and international investors," SPA said in a statement.
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Geneva Prosecutor Closes Spain-Saudi Money Laundering Probe
Geneva prosecutors closed a probe into five people suspected of money laundering in a case that looked at donations by the late king of Saudi Arabia to fellow royal Juan Carlos, the former king of Spain. They had opened the investigation in 2018 following press reports into whether Juan Carlos de Borbon Y Borbon, who abdicated from the Spanish throne in 2014, had received illicit bribes linked to a high-speed train contract in Saudi Arabia won by a Spanish-Saudi consortium, the prosecutor’s office said.
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Lower energy investment could spark supply crisis – Saudi minister
Saudi Arabia's energy minister said on Monday that oil markets could face a dangerous period as reduced investments in exploration and drilling threaten to cut crude production by 30 million barrels per day by 2030. Prince Abdulaziz bin Salman al-Saud, speaking at a budget conference in Riyadh, also said that top oil exporter Saudi Arabia would be one of the few countries that could raise its oil production capacity in 2022.
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Satellite images, expert suggest Iranian space launch coming
The likely blast off at Iran’s Imam Khomeini Spaceport comes as Iranian state media has offered a list of upcoming planned satellite launches in the works for the Islamic Republic’s civilian space program, which has been beset by a series of failed launches. Iran’s paramilitary Revolutionary Guard runs its own parallel program that successfully put a satellite into orbit last year.
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Saudi Arabia’s SPARK breaks ground on 277,000 square metre drilling site
The new complex will provide infrastructure for 1,200 drilling and workover employees. Aramco and Horizon have already signed a 22-year contract for the project.
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Spain and Saudi Arabia join forces to redesign post-Covid tourism
Spain is the second-most visited country in the world, receiving 83.7 million international visitors in 2019, and is renowned for its destinations, infrastructures and its world-class tourism firms. During the COVID crisis, Spain has been at the forefront of international efforts to restore mobility as an early adopter of the EU Digital COVID Certificate. Spain is a founding member of the UNWTO and is now investing in a new complex that will house the headquarters of the organisation.
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Spartan Race returns to Saudi Arabia
Saudi Arabia’s first Spartan Race took place in the mountains of Al-Soudah during the Asir Season in 2019, drawing more than 1,500 competitors and spectators. The race returns to the Kingdom on January 21, 2022, taking place at Dirab Park in Riyadh from 7am to 4pm.
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Saudi Space Commission signs agreement with French National Centre for Space Studies
Saudi Space Commission has signed a joint cooperation agreement in the field of the peaceful use of outer space with the French National Centre for Space Studies (CNES). It comes amid French President Emmanuel Macron’s visit to Saudi Arabia.
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