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Recent stories from sustg

  • Saudi eases access to long-hidden ancient ruins
     

    “Spectacular… wonderful… breathtaking,” she says. “But where are the tourists? If we had a site like this in my country, we would have millions of tourists!” Dating back to the second century BC, the Nabataean archaeological site, also known as Madain Saleh, has long been hidden from foreign visitors in this ultra-conservative kingdom that rarely […]

     
  • GE Sees Gas Turbine Sales Gain Amid Saudis’ Solar Shift
     

    General Electric Co. GE predicts demand for its gas turbines will increase in Saudi Arabia, even with the kingdom working to supply a third of power needs from solar energy within the next two decades. Saudi Arabia already has 500 installed gas turbines from GE that generate about half its electricity, and the Middle Eastern […]

     
  • Modernity and tradition: Khalid Habash’s stunning photos of Saudi
     

    It is no secret that Saudi Arabia’s economy and society are modernizing at a remarkable pace. Already the Arab world’s largest economy, the Kingdom also has one of the world’s highest GDP growth rates.  Government spending is expansive and investment in infrastructure, education and numerous other sectors are at all time highs.  Soon to be […]

     
  • Confronting Tremendous Challenges: Prince Turki al-Faisal
     

    I think Saudi Arabia over the past 80 years has been going through an Arab Spring. When you look at the Kingdom when I was born in it for example, 1945, there were no schools in Saudi Arabia. There were no roads. Disease and poverty were the rule rather than the exception. Since then, the […]

     
  • US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
     

    In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a petrochemical complex in Jubail Industrial City II in the Kingdom of […]

     
  • Saudi restoration commemorates pact of princes, clerics
     

    Climb the rickety ladder through the Emir Omar bin Saud Palace courtyard in crumbling Diriyah and the image of old Saudi Arabia suddenly appears in an adobe roofscape set against dark green palms. The caramel tones of the mud walls, the smell of dust mingling with water and the muffled clanging of hammer on stone […]

     
  • U.S. Approval Eroding in MENA Before Film Controversy
     

    Approval of U.S. leadership in the Middle East and North Africa (MENA) region was already slipping before the recent wave of anti-U.S. protests across the region. An average of 20% of adults across 12 MENA countries Gallup surveyed between January and May 2012 approved of the job performance of the leadership of the U.S. This […]

     
  • Jadwa: Private sector leads real GDP growth in Q2
     

    Jadwa Investment recently released a report about GDP growth in Saudi Arabia, noting that the private sector was leading real GDP growth in the second quarter of 2012. Latest economic growth data released last week confirm that the healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous […]

     
  • Abdullah Alireza speaks at C3 Summit
     

    SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]

     
  • Saudi Arabia says job-creation policy bears fruit
     

    Saudi Arabia, grappling with chronic youth unemployment, has created 380,000 new jobs in 10 months by requiring private firms to employ Saudis, Labor Minister Adel al-Fakeih said, the Saudi Gazette reported on Monday. “This figure is 20 times what had been previously achieved over the past five years before Nitaqat (the main jobs program) was […]

     

MUST-READS

  • Setting the Stage: The Vital Role of Private Art Institutions in Saudi Arabia

    Yet amid the present moment of grandiose state patronage that has led to a renaissance of sorts across the kingdom, at times the role of private art institutions has been overlooked. Prior to the present massive government investment in culture, these institutions – independent players such as Edge of Arabia, Athr, Hafez Gallery, and Art Jameel – played a vital role in the development of the Saudi art scene during a time when the state was largely not present in Saudi cultural enterprise.

  • Saudi Arabia sports push embraces snooker, with a golden ball

    Saudi Arabia will hold its first major invitational snooker event in March as the kingdom continues to make sizable investments into a growing number of sports. The “Riyadh Season World Masters of Snooker” will take place between March 4 to March 6 at Boulevard Arena in the capital of Riyadh. The inaugural event will feature some of the world’s top snooker players, including Ronnie O’Sullivan — widely recognized as one of the most talented players in the sport’s history — 2019 world champion Judd Trump and 2023 world champion Luca Brecel.

  • Al Faisaliah Hotel in Riyadh, Saudi Arabia, has rebranded as Mandarin Oriental Al Faisaliah, Riyadh

    Mandarin Oriental has opened its first property in Riyadh, Saudi Arabia. Al Faisaliah Hotel in Riyadh, Saudi Arabia, has rebranded as Mandarin Oriental Al Faisaliah, Riyadh. The hotel features refreshed interiors and enhanced spa and wellness treatments. Tihany Design led the redesign of the guestrooms, suites, a ground floor lobby, level on meeting rooms and three atriums. The north building now offers multiple new room and suite categories. The hotel offers nine dining destinations, a gym, a 16-meter swimming pool with waterfalls, steam baths and Finnish-style saunas.

  • Saudi Arabia’s Wealth Fund PIF Joins EM Rush to Tap Dollar Bond Market

    Saudi Arabia’s sovereign wealth fund raised $5 billion of high-grade bonds on Monday, the latest borrower to benefit from investors’ demand for emerging-market debt. The Public Investment Fund sold five-, 10- and 30-year senior unsecured notes in US dollars, according to a person familiar with the matter. Combined order books were above $27 billion, excluding joint lead managers’ interest, said the person, who asked not to be identified because they’re not authorized to speak about it.

  • Saudi Arabia won’t recognize Israel without a path to a Palestinian state, top diplomat says

    Saudi Arabia’s top diplomat said the kingdom will not normalize relations with Israel or contribute to Gaza’s reconstruction without a credible path to a Palestinian state — a nonstarter for Israel’s government. Prince Faisal bin Farhan’s remarks in an interview with CNN broadcast late Sunday were some of the most direct yet from Saudi officials. Israeli Prime Minister Benjamin Netanyahu — who faces mounting domestic pressure over the plight of Israeli hostages, including an angry protest inside a parliamentary committee meeting on Monday — has rejected Palestinian statehood and described plans for open-ended military control over Gaza.

  • Saudi Arabia launches first administrative enforcement court

    President of the Board of Grievances and Administrative Judicial Council, Khalid bin Mohammed Al-Yousef, launched today, Jan. 22, Saudi Arabia’s first Administrative Enforcement Court.   The enforcement law on judicial rulings and administrative documents helps the Kingdom achieve judicial security and contributes to supporting the investment environment, social and tourism development, and the means of attracting them, the board said in a statement.

  • Saudi Arabia’s Vision 2030 shines at Davos 2024

    Several statements made by the Saudi delegation at the Davos 2024 Forum underscored the economic dimension of the Kingdom’s journey toward achieving Vision 2030 and its commitment to economic diversification.

  • How Saudi Arabia is reshaping transportation infrastructure amid climate change challenges

    A 2022 report by the King Abdullah Petroleum Studies and Research Center, titled “Mitigating Transportation Emissions in Saudi Arabia,” revealed that the transportation sector accounts for 33.33 percent of global energy consumption, ranking second only to the industrial sector.

  • Top 5 Business Sectors in Saudi Arabia in 2024

    Saudi Arabia’s economy has reached a significant milestone, crossing the $1 trillion GDP mark for the first time in its 91-year history, ranking it as the 19th country globally to achieve this feat. The World Bank forecasts that Saudi Arabia’s GDP will grow by 4.1% in 2024, driven mainly by sectors other than oil. The Kingdom also leads venture capital fundraising in the MENA region, with Saudi startups raising $1.4 billion in 2023. This amount represents a 33% increase from the previous year, accounting for over half of the venture capital funding in the Middle East and North Africa.

  • Saudi Arabia beat nine-man Kyrgyzstan to move into Asian Cup knockouts

    Saudi Arabia qualified for the Asian Cup knockout stage after they beat Kyrgyzstan 2-0 in a one-sided Asian Cup group game on Sunday at the Ahmed bin Ali Stadium where two Kyrgyz players were sent off for reckless fouls.
    The result moved Saudi Arabia to six points at the top of Group F while Thailand are two points behind in second after they drew 0-0 with Oman (one point) earlier on Sunday. Kyrgyzstan are bottom after losing both their games.