SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Syrian elections ended. What have we learned from the results?

    Syrians voted in 8,151 polling stations that opened across the country, with the exception of areas not controlled by the Assad regime. To cater to residents displaced from opposition-held areas, the government established special polling stations scattered throughout the country. For example, stations were set up for Raqqa residents in the Hama, Damascus, Hasakah, Homs, Latakia, and Tartous governorates. For Quneitra residents, more than 111 out of 175 stations were located outside the governorate.

  • Russian-Iranian military cooperation: How much can they depend on each other?

    Despite their differences, Russian-Iranian military cooperation will likely continue—and increase. But with both now on the back foot, the question is just how useful their cooperation is. Moscow is urging Iranian restraint in responding to Israel over the death of Haniyeh in Tehran not because of any inherent peace-loving nature, but because the Kremlin understands that, with its forces tied down in Ukraine, it is not in a position to do much to protect Iran in a wider conflict with Israel—especially if the Jewish state receives US military support.

  • Saudi wealth fund PIF’s asset base grew 29% in 2023 on continued investment momentum

    Saudi Arabia's Public Investment Fund, the kingdom’s sovereign investment arm, said its assets under management jumped 29 per cent to 2.87 trillion Saudi riyals ($765 billion) in 2023 as it continues to build its Saudi holdings and diversify its international portfolio of assets. The annualised returns for the sovereign wealth fund since 2017 rose to 8.7 per cent in 2023, up from 8 per cent a year earlier, the PIF said in its annual report published on Monday.

  • Saudi’s Neom mega-project hails a fleet of electric foiling water taxis

    Though Neom is looking to place key neighborhood amenities within reach of pedestrians and cyclists, electric shuttles and underground transit systems will transport citizens and tourists farther afield. Where getting around involves crossing waterways, folks may well fly above the surface courtesy of a Candela P-12 electric hydrofoiling taxi.

  • Mystery shopper program helps uncover IP violations across Saudi Arabia

    The Saudi Authority for Intellectual Property has issued its annual report for preserving intellectual property rights for 2023, showing that it received over 2,680 complaints related to copyrights, including trademarks. The growing awareness of the need to adhere to laws and regulations that govern the ownership, use and protection of intellectual property contributed to a 50 percent increase in the total number of complaints in 2023, the authority said.

  • A look at market share of major Saudi perfume companies

    The prospectus for the initial public offering (IPO) of Almajed for Oud Co. on the Main Market (TASI) revealed the market shares of companies operating in the Saudi perfume market in 2022. According to the prospectus, the top five frontrunners in the Saudi perfume market accounted for 36.9% of the total market shares in 2022, as the sector was relatively fragmented at the time. The remaining competitors took 64.3% of the total.

  • MEPCO to commence $91.94mln project backed by PIF

    The board of Middle East Paper Company (MEPCO) approved the investment in the Tissue Paper Production Line 6 project (TM6), which is estimated at SAR 345 million. The project aims to boost the production capacity of the Juthor factory located in King Abdullah Economic City (KAEC) by 60,000 tonnes, according to a bourse disclosure.

  • Saudi Wealth Fund’s Returns Boosted by Global Markets Rally

    The Public Investment Fund’s annualized returns since 2017 rose to 8.7%, compared with 8% a year earlier, according to an annual report published Monday. Performance was boosted by last year’s rally in global markets, with the S&P 500 Index returning 24% in 2023.

  • Incoming RIBA president defends work on Neom

    Weston Williamson + Partners co-founder Williamson will officially become RIBA president-elect next month after winning an election in July. According to the Architects' Journal, his studio is believed to have worked on the high-speed railway that will run under the 170-kilometre-long The Line mega city. The Line is the centre piece of the controversial Neom project in northwestern Saudi Arabia, which has been criticised on environmental and human rights grounds, particularly following reports that three men among communities evicted from the site have been sentenced to death. Saudi Arabia's government has claimed the men are convicted terrorists.

  • Charted: Investment Needed to Meet Battery Demand by 2040

    Battery demand is projected to increase ninefold by 2040. As a result, the battery industry’s total capex is expected to nearly triple, rising from $567 billion in 2030 to $1.6 trillion in 2040. Upstream, companies will focus mainly on lithium, nickel, copper, and recycling at the extraction stage.