SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Rating Agencies Raise Saudi Economy Rating with Positive Outlook

    Rating agencies have upgraded the Saudi economy to a “positive” and stable outlook. They affirmed that the structural reforms have been reflected in the tangible progress in economic development and the support of diversification policies, especially in the non-oil sector. S&P Global Ratings upgraded its credit report for Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to 'A/A-1' with a stable outlook, according to its recent report.

  • Almost all Gen Z, millennials in Saudi will be frequent AR users

    According to the white paper, there is a major gap between how AR is perceived by consumers and how it is perceived by brands. Based on the Snap Inc. and IPSOS Augmentality Shift report, while 94% of brands consider AR to be primarily for fun, only 53% of consumers in Saudi see it this way. Seven out of ten consumers now identify shopping as their main reason for using AR, while 84% of consumers are interested in using AR to interact with a product before buying.

  • Mideast Hydrogen Dreams Face Reality Check

    Developing a hydrogen economy and expanding its production requires real offtake. And the market is still behind in demonstrating tangible demand for green hydrogen. The hype around hydrogen projects is not helping — and can sometimes be harmful. “There is too much hype in the market but very few real actual projects that can really move forward, and this is disrupting the market," Global Head of Power to X at Scatec, Mohamed Amer, told panelists. He said there isn’t enough offtake and also emphasized that electrolyzer technology is not maturing enough. “This hype is putting pressure on prices, and nobody is willing to write offtake," he said.

  • China Energy to build $5.1bn green hydrogen plant in Egypt

    Egyptian prime minister Mostafa Madbouly announced yesterday that China Energy Engineering Corporation will break ground in May on one of the country’s first green hydrogen projects. The move, which follows the signing of a memorandum of understanding in November, will create a development with an investment value of $5.1bn.

  • International Women’s Day: The Saudi women paving the way for future generations

    Saudi Arabian women have made notable strides in politics, business, education, and the arts, contributing significantly to the Kingdom's rich history and culture. Following are Al Arabiya English’s list of seven Saudi women who have broken down barriers and shattered stereotypes to pave the way for others to follow in their footsteps to mark International Women’s Day on March 8.

  • Top U.S. general visits Israel to discuss regional security issues

    The top U.S. military officer, Army General Mark Milley, has arrived in Israel to discuss regional security issues with his Israeli counterparts, his spokesperson said on Friday. "They will address the many challenges and opportunities facing Israel and the Middle East region," Colonel Dave Butler said in a statement, without offering further details on Milley's agenda.

  • BILLIONS: Saudi Public Investment Fund Bets on Green Hydrogen

    The International Energy Agency (IEA) believes that globally 520 million tonnes of hydrogen will be needed to achieve net-zero targets by 2050. A lot of equipment and electrolysers will be needed for such an undertaking. Hydrogen electrolysers are devices that use electricity to split water into hydrogen and oxygen. On March 1, 2023, Marubeni Corporation signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Public Investment Fund (PIF) to set out a framework for the development of a clean hydrogen project in Saudi Arabia. Under the framework of this MoU, Marubeni and PIF will initially conduct a feasibility study for producing clean hydrogen in Saudi Arabia, with the aim to supply clean hydrogen to both domestic and international markets. Green hydrogen is produced with an electrolyzer using electricity generated from renewable energy. It is extracted from water which is decomposed into hydrogen and oxygen in the electrolyzer. Blue and grey hydrogen are produced from natural gas. PIF is playing a critical role in advancing Saudi Arabia’s economic transformation as well as diversification, and is actively developing projects which will help the country achieve its net-zero GHG emissions target by 2060.

  • Japan’s Marubeni, Saudi’s PIF weighing clean hydrogen production in kingdom

    Marubeni Corp (8002.T) has agreed to study clean hydrogen production in Saudi Arabia together with the kingdom's sovereign wealth fund, the Japanese trading house said on Thursday, as Riyadh is exploring cleaner energy to cut its reliance on oil. Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including cleaner fuels and renewables, to diversify its economy.

  • Saudi Arabia’s Acwa Power Eyes Three More Giant Hydrogen Plants

    Saudi Arabian energy company Acwa Power is planning to develop as many as three more green hydrogen plants on a similar scale to its vast project being built at Neom. Acwa has plans to develop two more projects adjacent to a $8.5 billion green hydrogen plant at Neom, a $500 billion new city on Saudi Arabia’s north-west coast, chief executive officer Paddy Padmanathan said in an interview. The company is also looking at another location, confident that demand for the fuel will rise as governments and companies accelerate plans to reduce their carbon emissions, he said.

  • Japan’s Marubeni, Saudi’s PIF weighing clean hydrogen production in kingdom

    Marubeni Corp (8002.T) has agreed to study clean hydrogen production in Saudi Arabia together with the kingdom's sovereign wealth fund, the Japanese trading house said on Thursday, as Riyadh is exploring cleaner energy to cut its reliance on oil. Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including cleaner fuels and renewables, to diversify its economy.