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The Saudi economy and government spending with former IMF Country Head for Saudi Arabia Tim Callen, big announcements from The 966, and much more…
- November 10,2023
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- SUSTG Team
Tim Callen, ex-IMF Mission Chief to Saudi Arabia and Visiting Fellow at AGSIW, joins The 966 to discuss Saudi Arabia’s budget, government spending, and more. Tim’s most recent piece for AGSIW discusses how increased spending in Saudi Arabia raises risks to the Saudi budget. The hosts take advantage of Tim’s extensive experience and vast knowledge on how […]
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Saudi Arabia to Convene Emergency Arab Summit in Riyadh ‘In the Next Few Days’ and Will Postpone Arab-African Summit
- November 8,2023
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- SUSTG Team
Saudi Investment Minister Khalid Al Falih said the Kingdom would convene an emergency Arab summit in Riyadh “in the next few days” to discuss the ongoing war in Gaza.
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Saudi Arabia Launches Separate Real Estate Registry, Indicators Platforms – Report
- November 7,2023
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- SUSTG Team
Saudi Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majid al-Hogail launched on Monday the Real Estate Registry platform and the Real Estate Indicators platform on the sidelines of the Saudi Proptech Summit, according to a report in the Saudi-owned Asharq Alawsat.
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Saudi Arabia Eyes Stake in $30 Billion Indian Cricket League – Report
- November 6,2023
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- SUSTG Team
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), international cricket’s most lucrative event, Bloomberg reports.
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MasterCard’s Maria Medvedeva joins The 966 to talk payments, fintech and more; plus more on Leyja at Neom
- November 3,2023
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- SUSTG Team
In Episode 110, Maria Medvedeva, Vice President, Saudi Arabia and Bahrain for MasterCard joins to discuss the company’s KSA strategy, fintech, payments, innovation, and her experiences living and working in a changing and evolving Saudi Arabia. Maria, based in Riyadh with her family, is responsible for Mastercard’s growth strategy and delivering innovative payment experiences for […]
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Saudi Arabia’s AlUla Reveals Winning Design for New Airport Terminal
- October 31,2023
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- SUSTG Team
The Royal Commission for AlUla (RCU) has unveiled the winning design for AlUla’s new airport terminal in Saudi Arabia following a global competition, according to a report. The winning design was announced last week at the Kingdom’s 7th Future Investment Initiative conference in Riyadh.
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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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MUST-READS
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Saudi Arabia keen to get more women in the workforce
Tourism and hospitality in Saudi Arabia are experiencing a remarkable transformation driven by the increased participation of women, thanks to inspirational leaders and strong government action. This shift is significant considering that tourism is one of the few global industries where women already constitute the majority of the workforce. Saudi Arabia is keen to get more women in the workforce, and the Kingdom has already surpassed its Vision 2030 ambition of achieving 30 percent female participation in the labor market.
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Ensuring Clean Water Amidst Saudi Arabia’s Development Surge
According to Turner & Townsend’s International Construction Market Survey (ICMS) 2024, increasing demand, especially in Saudi Arabia (KSA), is driving up construction expenses. Riyadh, the capital of Saudi Arabia, has become the priciest city in the region for construction, with costs soaring to $2,593 per square meter due to rapid growth.
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Saudi Arabia increases retirement age under new Social Insurance Law
GOSI stated that the statutory retirement age for individuals affected by the amendments will range between 58 and 65 Gregorian years. This will involve a gradual increase, starting with an addition of four months to the current statutory retirement age, based on the contributor’s age at the date when the amendments come into effect. While for early retirement, the required contribution period will range from 25 to 30 Gregorian years, with a gradual increase starting with an addition of 12 months to the current required contribution period, depending on the contribution period at the date the amendments come into effect.
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Esports World Cup fever in Saudi Arabia as contest kicks off with biggest prize pool
The much-anticipated Esports World Cup (EWC) was officially launched Tuesday night in Saudi Arabia’s Riyadh, hours before teams from across the globe join the weeks-long competition.
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Driving Reductions in Emissions: Unlocking the Potential of Fuel Economy Targets in Saudi Arabia
The adoption of more stringent fuel economy standards represents a pivotal pathway toward achieving net zero emissions in the transportation sector. By steadily increasing the fuel efficiency of vehicles, this approach drives a gradual but consistent decline in emissions. When coupled with the simultaneous integration of electric and alternative fuel vehicles into the market, the goal of net zero emissions becomes increasingly feasible.
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Recap of Sedrah and NextGenAI Hackathons (in Saudi Arabia)
The way hackathons generally work is that they are short 1–3 day events focused around a certain theme. Participants form teams to build a prototype (usually from scratch) in that time, and present at the end for the judges to evaluate.
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flynas Launches Saudi Arabia’s First Program to Train Airline Cabin Crew in Sign Language
The Saudi air carrier flynas has launched the first program of its kind in Saudi Arabia to train airline cabin crew in sign language. Implemented in collaboration with the Saudi Association for Hearing Impairment, this program underscores flynas' commitment to adopting sustainable initiatives that positively impact society.
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Saudi Arabia Launches Geographical Survey Project with 1,200 Solar and Wind Stations
In a landmark initiative spearheaded by His Royal Highness, Prince AbdulAziz bin Salman bin AbdulAziz Al Saud, Saudi Arabia has launched a pioneering Geographic Survey Project for Renewable Energy sites. This ambitious endeavor, part of the National Renewable Energy Program, involves the installation of 1,200 stations across the Kingdom to assess solar and wind energy potential over 850,000 square kilometers. The scale of this project is unprecedented globally, covering regions equivalent to the combined areas of major European nations like the UK and France or Germany and Spain.
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Saudi Arabia urges its citizens to leave Lebanon immediately
Saudi Arabia urged its citizens to leave Lebanon immediately, Saudi Press Agency (SPA) reported on Saturday. The call from the Saudi embassy in Lebanon comes following “ the developments of the current events in southern Lebanon, and confirms its previous call to all Saudi citizens to abide by the travel ban to Lebanon,” a statement on SPA said.
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Japan, Australia and Saudi Arabia grouped together in third round of Asian World Cup qualifying
Japan, Australia and Saudi Arabia will face each other in the third round of Asia’s World Cup qualification for a third cycle in a row following Thursday’s draw in Kuala Lumpur. The three powerhouses, with 19 World Cup appearances between them, have been placed in Group C with Bahrain, China and Indonesia.
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