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Recent stories from sustg

  • Water Brings Green to Saudi Arabia
     

    Over the last two-and-a-half decades, a series of NASA’s Landsat satellites have captured these pictures of the growing agriculture industry in the northern reaches of the Syrian Desert in Saudi Arabia, not far from Jordan. Farmers use a technique called center-pivot irrigation to bring up water from below the desert floor to grow wheat and […]

     
  • U.S. Might Have More Oil Than Saudi Arabia, But…
     

    People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate […]

     
  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • Saudi Arabia will act to lower soaring oil prices
     

    In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]

     
  • “Out in the Blue” Part 9 of Video Series “Distant Arabia”
     

    In this clip excerpted with permission from the documentary The Prize: The Epic Quest for Oil, Money and Power based on the book of the same name by Daniel Yergin, the story of Tom Barger’s first journey to Saudi Arabia is related through his movies and letters. The complete story is told in Barger’s book […]

     
  • GE wins $200mn power plant conversion contract in Saudi Arabia
     

    GE said it has received a contract for nearly $200 million to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Co.’s (SEC) PP10 power plant from simple to combined-cycle operation. The project will add 1,300 MW to the plant’s capacity. “The conversion to combined-cycle operation is […]

     
  • 10 Saudi women take fight against breast cancer to Mount Everest
     

    Princess Reema bint Bandar bin Sultan and the Zahra Breast Cancer Association launched a campaign on Tuesday where 10 Saudi women will climb to the Mount Everest base camp in May. The 10 climbers include Jude Al-Aitani, Asma Al-Sharif, Mashael Alhegelan, Mona Shahab, Noura Bouzo, Raha Al-Moharrak, Lina Almaeena, Samaher Mously, Hatun Madani, Alya Al-Sa’ad, […]

     
  • Saudi Arabia Jeddah Weddings
     

    I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]

     
  • Saudi Market Opens Up, but Gradually
     

    Regulators of the Saudi stock exchange, Tadawul, the largest in the Arab world, are fine-tuning the draft of a law on Qualified Foreign Investors in the hope of attracting institutional fund managers to buy shares directly in the $400 billion market. The market, which is equal in size to the combined value of the stock […]

     
  • Opportunities in Water Production
     

    Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]

     

MUST-READS

  • Saudi Arabia’s Acwa Power seeks development partners to invest in Africa projects

    Saudi Arabia's Acwa Power is working on a “recipe” to finance sustainable infrastructure projects in Africa, given the continent's opportunities and risks, its chief executive has said. The Riyadh-based company is looking for the best development institutions to work with local governments on the continent and foster dialogue with private investors while ensuring that "proper” guarantees are in place for the investments, Marco Arcelli told The National. “Africa, to me, is very interesting as a case because the most successful developer built 1.5 to 2 gigawatts in 15 years. So, the whole continent is quite fragmented and slow in development,” he said ahead of the Cop28 climate conference in Dubai.

  • Saudi citizens ready to ‘light up the world’ with Noor Riyadh ahead of Expo 2030

    Saudi Arabia's capital is lighting up with the Noor Riyadh event, which began after the city won the bid to host Expo 2030. “Riyadh will light up the world with Expo 2030 and Noor Riyadh is the perfect way to share with the rest of the world,” said Razan Abed, a Saudi visitor to the light and art event. Ms Abed echoed the pulsating excitement felt throughout the country, but specifically Riyadh, after the capital won the Expo 2030 bid this week. Saudis from all walks of life celebrated the decision with tears and shouts of joy.

  • Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym

    Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym (TGYM.MI) share capital after an 111-million-euro ($120.83 million) investment and intends to be a long-term minority shareholder in the Italian fitness-equipment maker, it said on Friday. In a reverse accelerated bookbuilding (RABB) operation on Thursday, NIF bought 8.8 million shares at 9.20 euros each from other investors and entered a derivate solution for the purchase of a further 3.3 million ordinary shares, the statement said.

  • Saudi Arabia Pumps Another $100M Into Aviation As It Targets 250 Destinations By 2030

    Saudi Arabia’s larger plan of creating a bigger travel market received a significant push with its plan to invest $100 million in developing its aviation infrastructure. The Middle Eastern nation has been trying to diversify its revenue stream by gradually shifting to other sectors, and tourism features heavily as part of that plan.

  • Day 5 of COP28: Saudi Green Initiative Forum begins

    The Saudi Green Initiative Forum kicked off on Monday as COP28 continues to mobilize world leaders towards serious action against climate change. Held under the slogan “From Ambition to Action”, the third edition of the forum will discuss critical sustainability, primarily energy transition, protecting the seas, and unlocking climate finance to enable climate action at the UN climate summit.

  • Saudi start-up Riyadh Air unveils network co-operation pact with Turkish Airlines

    Saudi Arabian start-up carrier Riyadh Air has provisionally agreed to enter a strategic co-operation with Turkish Airlines. The agreement is set to include codeshare and interline operations between Riyadh and Istanbul, and the deal will also cover “points beyond”, the Saudi carrier says. “Guests of both airlines will be able to take full advantage of each carrier’s worldwide network,” it states.

  • Unusual Hand Ax Discovered in Saudi Arabia

    A 20-inch-long hand ax sharpened on two edges was discovered on the surface of a sand dune in northwestern Saudi Arabia, according to a Live Science report. Excavation of the area uncovered an additional 13 smaller hand axes. The long, narrow tool is nearly four inches wide and about two inches thick. Researchers led by archaeologist Ömer Can Aksoy and Giulia Edmond of the Royal Commission for AlUla said that the basalt ax is easily held with two hands, but it is unclear how it might have been used for cutting or chopping.

  • NEOM Unveils Siranna, its Latest Tourist Destination in Saudi Arabia

    NEOM has just introduced “Siranna,” a new tourism destination within the new sustainable regional development evolving in Northwest Saudi Arabia. Aiming to blend innovation and refinement, while integrating with the coastal terrain, the design seeks to offer a luxury escape, with a 65-key hotel and 35 residences. Prioritizing minimal intervention in nature, Siranna’s development utilizes specific techniques to preserve the local landscape. The architecture pays tribute to the area’s heritage while blending into the mountains and wadi. The initiative aligns with NEOM’s dedication to creating sustainable spaces in nature.

  • Saudi Snaps Up 10% Ownership of London Heathrow Airport

    Saudi Arabia’s sovereign wealth fund will acquire a 10% stake in Heathrow Airport, the busiest airport in Europe. Saudi is buying the share off of Ferrovial of Spain, while Paris-based Ardian will acquire 15 percent in a deal worth £2.37 billion ($3 billion) The deal is being made by the Public Investment Fund, known as PIF, which is chaired by the kingdom’s crown prince. Ferrovial has owned its stake since 2006. The new deal is still subject to regulatory conditions Heathrow’s parent company TGP Topco has various different owners, including other sovereign wealth funds in the Middle East.

  • Saudi Arabia studies graphite, rare earths trading platform – minister

    Saudi Arabia is exploring the potential launch of a new commodity trading platform for battery materials, including graphite and rare earths, its vice minister of industry and mineral resources said. Riyadh's efforts to build an economy that is not dependent on oil include a shift towards mining the country's untapped mineral resources - worth about $1.33 trillion - including copper, lithium, phosphate and gold, but also investing in overseas assets.