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  • Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
     

    Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]

     
  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Commentary: Saudi Arbitration Court in the UK?
     

    In a recent Financial Times article Caroline Binham and Helen Warrell reported that, “Saudi Arabia will lobby the UK government as early as November to set up a confidential court in London that would settle multimillion pound commercial disputes arising from the Middle Eastern kingdom. The Saudis hope that a London-based arbitration centre would help counter investor […]

     
  • Saudi Arabia: Rising steel demand
     

    Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap. The Kingdom is already the largest steel producer in […]

     
  • Roads of Arabia at the Smithsonian’s Sackler in Washington
     

    In archaeology, Saudi Arabia has been something of a slow starter, but a Washington exhibition of more than 200 statues, funerary objects and other relics shows that the study of the region’s past has come of age. Saudi archaeology “really goes back only 40 years,” says Massumeh Farhad, chief curator and curator of Islamic art […]

     
  • Major natural gas find by Saudis. A shift ahead?
     

    Saudi Arabia has announced that they made a major new find in natural gas in the Red Sea. The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared […]

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     
  • Saudi best in MidEast for doing business
     

    Saudi Arabia is the best country in the Middle East for doing business, according to a new study published by the World Bank. The Gulf kingdom, the world’s largest oil producer, was ranked 22nd globally in the ‘Doing Business 2013’ report, ahead of neighbour the UAE which placed 26th. Elsewhere in the GCC, Qatar came […]

     
  • The Saudi Economy: Still Shining
     

    A recently released October 2012 economic report by Jadwa Investment finds that a recent flow of data has been generally stronger than expected, and as a result of high oil production (which elevates the hydrocarbon sector growth to 6.1 percent for the year) Jadwa raises its projections for Saudi Arabia’s budget and current account surpluses. […]

     
  • Energy policy: What we need to talk about
     

    For starters, the United States is already over 80 percent (up from 70 percent a decade ago) self sufficient when it comes to energy production and use. We are routinely described as the Saudi Arabia of coal, and have the largest nuclear fleet in the world. We are the world’s largest natural gas producer and […]

     

MUST-READS

  • Satellite images show incredible new perspective of Saudi Arabia’s $1 trillion giga-project ‘The Line’

    The images were captured in 2022 by Soar Earth, an Australian startup that aggregates satellite imagery and crowdsourced maps into an online digital atlas, and shared with MIT Technology Review.

  • Saudi Arabia: 59 hotels shut in Medina over violations

    As part of an inspection campaign to verify hospitality facilities’ compliance with rules, 59 hotels were recently shut down in the Saudi city of Medina due to violations, according to a media report. The closures will remain in effect until those facilities rectify their status and obtain licences required for operation, Saudi newspaper Okaz said.

  • Saudi Arabia Hotel Market Poised for Exceptional Growth with Projected US$ 62.57 Billion Value by 2030

    The latest comprehensive analysis of Saudi Arabia's hotel industry encapsulates the meteoric rise anticipated for the sector, forecasting a market value swell to US$ 62.57 billion by 2030. The research divulges critical trends, growth trajectories, and opportunities within the Saudi Arabian hospitality market, contextualized within the broader framework of the Kingdom's Vision 2030 goals.

  • Saudi Arabia’s NEOM launches latest mega retreat ‘Elanan’

    Saudi Arabia’s NEOM has unveiled its ninth new addition to the Kingdom’s $500 billion mega business and tourism project this year; the exclusive wellness retreat ‘Elanan’. Situated on the Gulf of Aqaba coastline, Elanan will be located in the midst of a “unique nature resort’ and will feature 80 bespoke rooms and suites.

  • How to start a Company in Saudi Arabia

    Saudi Arabia has been one of the booming investment grounds that allow business investors to step forward and form a business entity

  • Celebrating Saudi Arabia’s Founding Day

    Founding Day pays homage to Imam Muhammed bin Saud, whose ascent to leadership in February 1727 marked a pivotal moment in Arabian history. Inheriting leadership from Diriyah, he transformed the city-state into an emirate, expanding its territories across central Arabia.

  • How Saudi Arabia exported tomatoes to Europe for the first time

    In February 2024, fresh produce from Saudi Arabia was exported to Europe for the first time. The event was so unique that it was featured on television news. How did Saudi Arabia, with its harsh climate and heavy reliance on imports to cover its local market's needs, manage to export tomatoes to Europe? The answer lies in high-tech greenhouses and vertical farming, and the company behind this feat is Dava Agricultural Co.

  • Saudi Arabia to Establish Marketing Tourism Offices

    The Saudi Tourism Authority has set 24 plans that place Saudi Arabia as a top tourist destination on the local, regional, and global levels. Last week, the Council of Ministers, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved the regulations of the Saudi Tourism Authority to play a crucial role in promoting Saudi Arabia as a top tourist destination on both regional and international levels.

  • Saudi Arabia’s Sovereign Wealth Fund (PIF) to Deploy $70 Billion a Year

    The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said Thursday at the FII Priority conference in Miami.

  • Saudi Arabia celebrates its monumental origin: Founding Day marks 3 centuries of unity and cohesion

    The royal decree heralds February as a month of reflection, celebrating the commencement of Imam Muhammad Bin Saud's reign and his pivotal role in establishing the first Saudi State. This era, beginning in the heart of the 18th century, was characterized by its commitment to the teachings of the Holy Qur’an and the Sunnah of Prophet Muhammad (peace be upon him), guiding the nation towards unity and security amidst a landscape marred by disunity and division.