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Recent stories from sustg
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Goldman Sachs Sees Saudi and Russia Supply Cuts as Adding Upside Risk to Previous Forecast
- September 7,2023
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- SUSTG Team
Goldman Sachs Commodities Research said Saudi Arabia and Russia’s extension of voluntary supply cuts posed bullish risks to their crude price forecasts, raising a possibility that Brent could jump as high as $107 a barrel next year, according to a report in Reuters.
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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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Halo Space to test Balloon Flight from Saudi
- April 11,2024
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- SUSTG Team
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia’s New Luxury Train Experience through Kingdom’s Desert Set to Add to Tourism Portfolio
- January 29,2024
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- SUSTG Team
State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom, which paves the way for the Kingdom to have another differentiating tourism experience.
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Saudi Arabia Set to Host World Cup in 2024 as Competitors Drop Out
- November 2,2023
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- SUSTG Team
Saudi Arabia is on the brink of hosting the 2034 World Cup after competing bidder Australia dropped its candidacy to host the global event, marking another milestone in Saudi Arabia’s efforts to develop sports as a contributor to its economic diversification goals.
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Report – Middle East Hotel Project Count Hits All-Time High
- September 6,2023
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- SUSTG Team
The Middle East region continues to show steady pipeline growth in hotel projects in the second quarter of 2023, with the highest project count since Q1 2020, according to the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
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The 966 – Episode #129, Saudi Film Industry Six Years after Theaters Re-Opened with Todd Albert Nims
- May 22,2024
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- SUSTG Team
Theaters are booming, the Saudi film industry is creating successful local content and all metrics are up for the sector. Todd Albert Nims, creator, director and producer, joins The 966 to share his perspective on all the exciting changes underway.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
- April 11,2024
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- SUSTG Team
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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The PIF’s biggest event of the year in Riyadh, the latest on the Saudi peace plan, and alcohol in Saudi Arabia? — The 966 Episode 120
- January 30,2024
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- SUSTG Team
In episode 120, The 966 once again has on offer a menu of excellence discussing some of the most important topics happening in Saudi Arabia this week — a tough decision for the editorial team as Saudi Arabia continues to create headlines as it marches forward with economic and social reforms.
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MUST-READS
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Saudi Volleyball Federation launches Kingdom’s first women’s tournament
The Saudi Volleyball Federation (SVF) has launched the Kingdom’s first open volleyball tournament for women in September at Princess Nourah Bint Abdulrahman University in Riyadh. It came during the first meeting of SVF’s Women’s Committee at the Saudi Olympic Committee’s headquarters.
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Portrayal of Saudi women in art through the decades
Saudi society has experienced tremendous developments over the past few decades, driven by successive development plans, which played a major role in driving social change and empowering women. Despite the relatively short history of Saudi Arabia’s art movement, art can be used as a tangible source of reflection on the country’s wider social context, particularly when it comes to the status of women.
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Saudi Arabia’s retail market more investable as more women enter workforce, Majid Al Futtaim chief says
"As you know, women now are working and their integration in the workforce is happening in a very good way. This will have a major impact on household income in Saudi Arabia," Alain Bejjani, Majid Al Futtaim Holding chief executive told The National.
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First Saudi women to train as air traffic controllers in a foreign country graduate
They and 30 of their countrymen celebrated the completion of their studies in a graduation ceremony at Massey University in Palmerston North on Thursday. They are the eighth class the Saudi Arabian General Authority of Civil Aviation (GACA) has sent to New Zealand for air traffic control training as part of an 11-year partnership with Kiwi company, Airways International.
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Adidas announces landmark partnership with Challenge Team, Saudi’s first ever Women’s Football League champions
Commenting on the partnership with the Riyadh based team, Rawh Al-Arfaj , Challenge Team Founder and CEO said, “We are honored to be the first female football team to be sponsored by adidas in Saudi Arabia. We’ve really seen Challenge Football Team gain momentum since the establishment of the first Women’s Football League in Saudi Arabia in 2020, and we hope to inspire girls and women in Saudi Arabia and beyond to pursue their passion.”
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Women Are Getting More Jobs Than Ever in Changing Saudi Arabia
Gender segregation—once strictly enforced by religious police—is gradually dissolving, not just among the metropolitan elites, but even in conservative provinces such as Qassim. Men and women who aren’t related can mingle openly at restaurants now. Many offices are mixed, as are music festivals and business and professional conferences.
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Why are Saudi women suddenly starting to take jobs?
Over the past few years, the Saudi Arabian government has made significant reforms to incentivize women to find employment and to protect them better on the job. These reforms also increased Saudi Arabia’s score in the World Bank Women, Business, and Law (WBL) database by almost 50 points (Figure 1) between 2016 and 2020. In parallel, female labor force participation rates improved at unprecedented rates, rising by 14 percentage points during the same time.
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51,000 women among 74,000 Saudis joined employment market in 2020
The total number of Saudis who entered 19 sectors in the labor market during the last year reached 93,117. However, 19,350 of these employees left the employment market, bringing the total number of Saudi men and women who remained in the market to 73,767.
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Saudi Arabia sees a spike in women joining the workforce, study says
The labor force participation rate for women in Saudi Arabia increased from 20% to 33% in two years, according to the Brookings Institution.
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Saudi Arabia to give COVID-19 jab to pregnant women as cases continue to rise
Saudi Arabia’s daily case count has recently been fluctuating, with the number of active cases nearing the 10,000 mark, sparking fears that the rising number of serious cases could reach a critical point. The spokesman noted that though the decline of numbers is important, fluctuating numbers can be an indicator that they are stabilizing and could improve as residents continue to adhere to precautionary measures. With Sunday’s numbers, there are currently 9,759 active cases, of which 1,246 patients are in ICUs.
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