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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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Saudi defense minister expected to visit White House on Monday – Axios Report
- October 30,2023
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- SUSTG Team
Saudi Arabian Defense Minister Prince Khalid bin Salman is expected to visit Washington on Monday for meetings with senior Biden administration officials, according to a report in Axios which cited three sources.
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The 966 talks with Mohammed Ghazi and Abdulhadi Azouz, the two guys behind Saudi Arabia’s hottest drone and aerial film production company
- October 27,2023
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- SUSTG Team
Chances are if you’ve seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you’ve seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile […]
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Saudi Arabia’s Non-Oil GDP Expected to Grow by 6% in 2023, Finance Minister Al-Jadaan Says at FII
- October 26,2023
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- SUSTG Team
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan addressed Saudi Arabia’s economy and fiscal situation in 2023 and beyond during his speech at the FII in Riyadh, noting that Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6% this year and said it would continue to see similarly healthy growth in the years ahead.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
- October 24,2023
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- SUSTG Team
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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Saudi Arabia’s 7th FII Sees only “10-20” Cancellations out of 6,000 as Major Summit in Riyadh Proceeds Ahead
- October 23,2023
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- SUSTG Team
Richard Attias, the CEO of the FII Institute, said that out of over 6,000 people planning to attend the Future Investment Initiative in Riyadh this week, organizers saw only 10-20 cancellations as a result of the war in Israel and Gaza, according to reports, as the major summit will continue ahead with the event as normal. […]
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Discussing Saudi Arabia’s Regional HQ program with Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview and much more…
- October 20,2023
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- SUSTG Team
In episode 108, Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview, a leading market intelligence and research company, join The 966 to discuss Saudi Arabia’s Regional HQ program (commonly referred to as the “RHQ” program) and dive into some of the legal and practical details ahead of the effective date of the program starting in 2024. The RHQ program is the […]
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Goldman Sachs Research Report Highlights Saudi Investment to Transform Economy, Says Efforts are Showing Results
- October 19,2023
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- SUSTG Team
Saudi Arabia’s focus on diversifying its economy beyond oil is showing results, according to a recent report from Goldman Sachs Research.
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Saudi Aramco’s CEO Says Kingdom is Eying New Investments in LNG – Report
- October 17,2023
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- SUSTG Team
Amin Nasser, the CEO of Saudi Aramco, said his company is looking at more investments in liquefied natural gas (LNG) to boost its plans to become a leading player in the seaborne gas market, according to a report.
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MUST-READS
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Muslims spot Ramadan crescent moon in Saudi Arabia, meaning month of fasting starts Monday for many
The sacred month, which sees those observing abstain from food and water from sunrise to sunset, marks a period of religious reflection, family get-togethers and giving across the Muslim world. Seeing the moon Sunday night means Monday is the first day of the fast. Saudi state television reported that authorities there saw the crescent moon. Soon after, multiple Gulf Arab nations, as well as Iraq, Syria and Egypt followed the announcement to confirm they as well would start fasting on Monday. Leaders also shared messages of congratulations the month had begun.
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Saudi Arabia starts to localize 35% of dental profession
Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) started to localize 35% of the dental profession in the private sector as of today, March 10. The decision, issued by HRSD Ministry in partnership with the Ministry of Health, will be implemented in the private-sector institutions with three or more workers. The Health Ministry will oversee and implement the decision, in line with the job market and the requirements of the dental profession.
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Max Verstappen cruises to victory at Saudi Arabian GP to extend dominant start to F1 title defense
Max Verstappen stayed firmly on course for another season of dominance in Formula 1 on Saturday by winning the Saudi Arabian Grand Prix. Even after just two races, and despite turmoil at Red Bull, Verstappen seems in near-total control on the track as he aims for a fourth consecutive title this year. Still, he had to share the attention with 18-year-old Oliver Bearman, who was a surprise seventh in his first F1 race as a Ferrari stand-in
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Ramadan 2024 in Saudi Arabia: Prayer Time, Start Date and More
The Saudi Ministry of Islamic Affairs is yet to confirm the official date following the sighting of the crescent moon on Sunday. If the moon is observed with the naked eye on Sunday, Ramadan begins on March 11. If Shaaban, the eighth month in the Islamic calendar comples 30 days, the first day of the holy month will be on March 12.
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Baseball United signs historic partnership to bring game to Saudi Arabia
Baseball United has announced a historic partnership deal with the Saudi Baseball and Softball Federation (SBSF) that provides them an unlimited term to host professional league and tournaments in the kingdom. It includes rights to new Baseball United franchises representing Riyadh, Jeddah, and Dammam – three of the kingdom’s largest cities, marking professional baseball's first foray into Saudi Arabia. “This is a monumental day for the sport of baseball,” Kash Shaikh, chairman, CEO, and co-founder of Baseball United, said.
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Saudi Arabia unlocks multi-billion dollar investments as part of its wider drive to become a global tourism powerhouse
A notable aspect of the initiative is its focus on benefiting local communities across tourism destinations. By localizing services such as contracting, design, and consulting, the program aims to create a direct positive impact on various sectors. This approach, coupled with over $800 billion invested to transform the tourism landscape, underscores Saudi Arabia's commitment to enhancing industry standards and providing lucrative opportunities for investors.
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Saudi-based Deep-Tech VC Fund Beta Lab makes strategic investment in Cross-Border fintech startup EximPe
EximPe, a Singapore headquartered company which previously raised seed round led by Singapore based Leo Capital , leverages technology and AI / ML to revolutionize cross-border payments and trade financing for SMEs. Its tech platform is powered by the likes of DBS, SBM, and 30+ other banks and fintechs.
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Hong Kong start-up hubs expand city’s collaboration with Saudi Arabia to forge closer ties a year after John Lee visit
Hong Kong Science and Technology Parks (HKSTP) and Cyberport each signed memorandums of understanding with Saudi Arabia’s King Abdulaziz City for Science and Technology in Riyadh on Monday, a year after Chief Executive John Lee Ka-chiu attended the Leap technology conference to foster closer ties between the two markets. The third annual Leap event is the first to feature a Hong Kong pavilion, where HKSTP and Cyberport had eight and seven companies exhibiting, respectively.
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Saudi artist reimagines Kingdom’s capital in vibrant pixels
Saudi artist Khaled Makshoush has mastered pixel designs to reimagine Saudi Arabian scenes in a form of art that is personal, soothing and contemporary. Indie and retro-style video games use pixel designs to create a colorful and visual design, but with his tablet and stylus the Riyadh-based artist captures a variety of sights, from construction sites with cranes to the iconic streets of the capital and the serene terracotta-coloured desert.
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Foster + Partners designing two-kilometre-high skyscraper in Saudi Arabia
UK studio Foster + Partners is reportedly designing a two-kilometre-high skyscraper in Riyadh, Saudi Arabia, which if completed would be the world's tallest building. According to a report in UK architecture magazine Architects' Journal (AJ), the UK studio is designing the megatall skyscraper for a site to the north of the Saudi capital. The AJ reports that the skyscraper will be located near the city's international airport, which is currently being redeveloped by Foster + Partners.
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