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Kingdom Targets New ‘Underground River’ Longer than Nile to Address Water Needs
- March 30,2023
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- SUSTG Team
Saudi Arabia is planning to launch the world’s largest potable water project by digging a “river” four meters deep, 11 meters wide and 12,000 kilometers long, aimed at surpassing the Nile river, according to a local reporter and published in Arabian Business.
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Hot Gulf Region IPO Market Draws Global Attention — FT
- March 28,2023
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- SUSTG Team
The Middle East North Africa (MENA) region saw 51 IPOs last year, raising $22bn, a 179% increase on 2021, a report in the Financial Times said, citing the advisory firm EY.
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Saudi Arabia to Develop Key Water Projects Worth $80 Billion to Enhance Access as Growth Booms
- March 27,2023
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- SUSTG Team
Saudi Arabia will invest $80 billion into key water projects in the coming years to support its economic growth and provide safe and equitable access to water for all citizens and residents, according to a report.
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Saudi Astronauts Meet with HRH Ambassador Reema bint Bandar; Set to Conduct Cloud-Seeding Experiments in Space
- March 22,2023
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- SUSTG Team
Two Saudi astronauts who are heading to the International Space Station met this week with HRH Princess Reema bint Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, who shared a photo of the meeting on social media.
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U.S.-Based Marriott Inks Deal with Rua Al Madinah Holding Company for Eight Hotels
- March 21,2023
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- SUSTG Team
U.S.-based Marriott International announced it has signed an agreement with Rua Al Madinah Holding Company to open as many as eight hotels in the Holy City of Madinah in Saudi Arabia.
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Saudi Arabia’s New National Airline, Riyadh Air, Names CEO and Eyes Billions in Boeing-Made 787s
- March 14,2023
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- SUSTG Team
Saudi Arabia launched a new airline, Riyadh Air, and named an industry-veteran CEO in Tony Douglas for the new company this week. The airline, along with current state-flag carrier Saudi Airlines (Saudia) signed an agreement for an order of 72 Boeing-made airplanes.
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Riyadh-based Consultancy Mukatafa, Saudi Ministry of Economy and Planning Sign MOU to Collaborate on Private Sector Development
- March 13,2023
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- SUSTG Team
Riyadh-based private consultancy firm Mukatafa has signed a MOU with Saudi Arabia’s Ministry of Economy and Planning to improve the Kingdom’s development plans and enable sustainable growth, according to Arab News.
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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
- March 9,2023
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- SUSTG Team
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Polish Prime Minister Mateusz Morawiecki Visits Riyadh, Meets with Crown Prince Mohammed bin Salman
- March 8,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman “reviewed relations and issues of mutual concern” with Polish Prime Minister Mateusz Morawiecki on Tuesday in Riyadh.
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MUST-READS
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UAE announces its next space mission: Venus and an asteroid landing
The United Arab Emirates on Tuesday announced plans to explore the planet Venus before the end of the coming decade and land on an asteroid, outlining its new ambitions months after its first mission to Mars. The spacecraft for the mission would take seven years to build, with the launch date planned for 2028. It would orbit Venus and then Earth, using gravity assist maneuvers to reach an asteroid belt object in 2030. The vehicle would then observe seven main belt asteroids, before landing on an asteroid 560 million kilometers (347 million miles) from Earth in 2033.
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Saudi Arabia imposes new double vaccination rule for travel and public spaces
People wanting to board a plane or other modes of public transport in Saudi Arabia will have to have received two doses of an approved COVID-19 vaccine, the interior ministry said on Friday. The rule will come into effect on October 10 and also extends to participating in any cultural, scientific, social or recreational events.
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Saudi approves licence for National Bank of Egypt branch, SPA reports
Saudi Arabia's cabinet approved on Tuesday the licence for the National Bank of Egypt to open a branch in the kingdom, Saudi state news agency SPA reported.
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Energy Vault, backed by Saudi Aramco Energy Ventures, to go public via SPAC
Energy Vault, a renewable energy specialist, has agreed to go public on the NYSE through a SPAC called Novus Capital Corp. II. The deal will give the combined entity an equity value of about $1.6 billion. Energy Vault expects to receive $388 million from the transaction, including a $100 million PIPE from SoftBank, Palantir and other investors. The company stores energy from wind and solar operations; it has received venture capital funding from backers such as SoftBank and Saudi Aramco Energy Ventures.
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World Defense Show in Riyadh: 85% of Space Allocated
The World Defense Show, the global defense and security event to be held in Riyadh, has already allocated 85 percent of its space amid a broad international, global, regional, and local participation of defense and security companies. Sponsored by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, the event is organized by the General Authority for Military Industries (GAMI) and will include leading global defense companies such as Embraer, General Dynamics, Lockheed Martin, NORINCO, and Rolls Royce.
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Saudi king refers public security director to investigation with corruption charges – SPA
Saudi Arabia's King Salman issued a royal decree to terminate the public security director Khalid al-Harbi and refer him to investigation with corruption charges, the state news agency (SPA) reported on Tuesday.
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Saudi Arabia Forges Partnerships to Establish Local Aerospace Industry
Saudi regulatory authorities announced their approval of joint ventures in the aviation structure manufacturing sector, which will seek to establish the first local industry for aviation structures in the Kingdom. The General Authority for Competition announced its approval of two joint projects for the manufacture of aviation metal structures and metal castings products in Saudi Arabia, bringing the total number of joint projects approved by the Authority to 10 since the beginning of 2021.
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SheWorks: The First Co-Working Space For Women in Saudi Arabia
According to AboutHer.com, SheWorks provides desks, office spaces, and conference rooms, offering start-up business consultation and governmental services to its clients, with workshops and classes to help “empower and educate female entrepreneurs.” The space also includes a meeting room that allows men to attend.
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Electoral Law Sparks Debate Over Qatari Citizenship and Political Rights
On July 30 the Qatari authorities took an important step in fulfilling their long-promised move toward greater participatory politics. Emir Tamim bin Hamad al-Thani issued a new electoral law to guide elections for the country’s Shura Council with the first polls planned for October. Rather than earning praise for these democratic gains, however, the leadership was immediately faced with protests. As Qataris learned that most naturalized citizens would be excluded from the polls, some mobilized in a rare public expression of dissent, taking to social media and organizing a sit-in that lasted for days.
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Saudi Space Commission launches training camp
The camp links school maths and physics curricula to space sciences. It provides participants with an applied learning experience for three hours every day for a total of 30 hours.
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