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In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment
- April 21,2021
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- SUSTG Team
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data. The General Authority for Statistics’ (GaStat) latest labor market release shows that unemployment in Saudi Arabia declined 2.3%, to 12.6% in Q4 2020, down […]
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
- April 15,2021
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- SUSTG Team
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Could Saudi Arabia’s Recycling Sector Be Worth More than $18bn?
- April 1,2021
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- SUSTG Team
The CEO of Saudi Arabia’s biggest waste company, Saudi Investment Recycling Company (SIRC), said that the Kingdom’s recycling market size could reach $18 billion as the sector remains underdeveloped, according to a report Arab News.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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Saudi Arabia’s Stock Market Amends Rules, Allows All Qualified Investors to Sell Short
- March 26,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, Tadawul, has widened access to short-selling and stock-lending, while tightening some other rules as of March 25, according to a report in Arab News.
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US-based Railcar Company Greenbrier the Latest to Move Regional HQ to Riyadh
- March 25,2021
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- SUSTG Team
US-based railcar company Greenbrier is one of the latest American companies to be moving or building their regional Headquarters in Riyadh, the company said, as it looks to profit off the opportunities presented by the Kingdom’s Vision 2030 economic and social reform plans. The NYSE-listed Greenbrier is one of 24 companies that have recently agreed […]
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
- March 24,2021
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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MUST-READS
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SNC-Lavalin’s Atkins business awarded lead design contract for Six Flags Qiddiya theme park in Saudi Arabia
Six Flags Qiddiya is scheduled for opening during the first phase of Qiddiya – the Kingdom’s Capital of Entertainment, Sports and the Arts. The park will stretch across 32 hectares (79 acres) and feature 28 uniquely themed rides and attractions across six lands: The City of Thrills, Discovery Springs, Steam Town, Twilight Gardens, Valley of Fortune and Grand Exposition. The theme park will provide both recreational and professional opportunities to the Saudi population and boast a number of record-breaking attractions including The Falcon’s Flight, the longest, tallest and fastest roller coaster in the world.
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Business, Trade, and Investment Opportunities in Saudi Arabia: What You Need to Know (Video)
On October 22, 2020, the National Council and the World Trade Center Washington, DC convened a roundtable discussion on “Business, Trade, and Investment Opportunities in Saudi Arabia: What You Need to Know.”
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The booming franchise businesses in Saudi Arabia
Franchising in Saudi Arabia began in the late 1970s and flourished significantly in the early 1990s. A large number of franchises of international companies now operate across the Kingdom. Saudi Arabia has franchises — of top restaurants to IT companies — in almost every major city.
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Turkish Businessmen Call on Saudi Arabia Not to Block Imports
Turkey hasn’t ruled out an appeal to the World Trade Organization. Saudi Arabia is the country’s 15th biggest export market, with sales led by carpets, textiles, chemicals, grains, furniture and steel amounting to $1.91 billion in the first eight months of the year. That’s a drop of 17% from 2019.
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New Silk Roads: The U.A.E.’s Careful Balance of its Business, Trade, and Investment Relationship with China
For its part, the U.A.E. is studiously trying to navigate the shoals of the great power competition between the U.S. and China. This report attempts to draw out the key highlights of the history of the U.A.E. trade and investment relationship with China, while also demonstrating that the U.A.E. still sees the U.S. as its most important strategic partner even as the economic relationship with China broadens.
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Saudi business leader calls for boycott of goods from ‘hostile’ Turkey
The head of Saudi Arabia’s Chambers of Commerce has called for a boycott of Turkish products amid reports from merchants that animosity between Ankara and Riyadh is hindering the flow of goods between the two regional powers. Saudi Arabia and Turkey have been at odds for some years over foreign policy and attitudes towards political Islamist groups. The murder of Saudi journalist Jamal Khashoggi in Saudi’s Istanbul consulate in 2018 escalated tensions sharply.
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Startup accelerators in Saudi Arabia: A new generation of business incubator
The idea of business incubators was introduced by Joseph L. Mancuso in the 1950s. He established a warehouse where startup companies could be located and benefit from shared services, mentoring and training. Business incubators have proliferated and the International Business Innovation Association estimates there are between 7,000 and 9,000 worldwide.
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Is Israel-Gulf business ready to take off?
But for smaller business owners and entrepreneurs, where will the opportunity be? In fact, in many of the sectors in which Israel historically has expertise, the Gulf states have already made significant inroads, so much that the Gulf may be a source of innovation and new business for Israel.
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GCC small business ‘boom’ to drive post-COVID economy
Experts are predicting a GCC “SME boom” as a new wave of regional entrepreneurs emerge out of the COVID-19 pandemic. Commercial registrations have seen triple-digit increases in recent months with tender boards across the region awarding tens of millions of dollars in contracts to these enterprises.
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Kholoud Attar On Being The First Saudi Businesswoman To Acquire A Film Distribution License
In honour of Saudi National Day on September 23 Bazaar chats with the founder of Jeddah-based Design Magazine, KAAPH Media – and the first Saudi businesswoman to acquire a film distribution license
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