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Recent stories from sustg
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Google to Launch Saudi Cloud Region this Week, VP Says
- November 13,2023
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- SUSTG Team
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Aramco’s strategic gas expansion progresses with $25bn contract awards
- July 1,2024
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- SUSTG Team
Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels. The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs […]
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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
- April 2,2024
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- SUSTG Team
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
- February 8,2024
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- SUSTG Team
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
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Iranian President Meets with Crown Prince Mohammed bin Salman for First Time with Regional Stability in the Spotlight
- November 14,2023
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- SUSTG Team
Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade, meeting with Crown Prince Mohammed bin Salman for the first time in the Kingdom.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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Saudi’s PIF Profit and Spending up in 2023
- July 2,2024
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) made $25 billion from investment activities in 2023 after an $11 billion loss in 2022. It was also the top spender in 2023, deploying $31.6 billion.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
- April 1,2024
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- SUSTG Team
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
- February 9,2024
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- SUSTG Team
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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MUST-READS
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Opinion: Why Turkey is no longer an option for Saudi tourists
Turkey was once among the favorite destinations for Saudis, but due to security reasons, the transcontinental country will no longer be an option. Security concerns have harmed Turkey’s tourism sector and the decline in the number of tourists has worsened the country’s economic hardship.
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Turkey to raise minimum wage by 21.56% in 2021
Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country's family, labor and social services minister announced on Monday, Anadolu reports. The net minimum wage for single people will be 2,826 Turkish liras ($377) a month, up from 2,324 Turkish liras a month ($310), Zehra Zumrut Selcuk said. The new gross minimum wage, before deductions such as social security premiums and income taxes, will reach 3,578 liras ($477.3).
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Erdogan says Turkey would like better ties with Israel, Palestinian policy still “red line”
Turkey and Israel, once allies, have had a bitter falling out in recent years. Ankara has repeatedly condemned Israel’s occupation in the West Bank and its treatment of Palestinians. It has also criticised recent U.S.-brokered rapprochements between Israel and four Muslim countries. “The Palestine policy is our red line. It is impossible for us to accept Israel’s Palestine policies. Their merciless acts there are unacceptable,” Erdogan told reporters after Friday prayers in Istanbul.
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Turkey gambles in bid to rival China as a key supply chain node
A projected sharp reduction in trade between the United States and China in the next two years coupled with moves to diversify supply chains potentially position Turkey alongside Vietnam, Mexico, Taiwan and Poland as competitors in efforts to reduce dependency on the People’s Republic, according to a just published study.
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US sanctions NATO ally Turkey over purchase of Russian missile defense system
The extraordinary step against a treaty ally comes at a delicate time in relations between Washington and Ankara, which have been at odds for years over Turkey’s acquisition from Russia of the S-400 missile defense system, along with Turkish actions in Syria, the conflict between Armenia and Azerbaijan and in the eastern Mediterranean.
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U.S. set to sanction Turkey over Russian defense system – sources
The sanctions would target Turkey’s Presidency of Defence Industries and its head, Ismail Demir, sources have said. They would be damaging but narrower than the severe scenarios some analysts have outlined.
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EU to consider making good on sanctions threat against Turkey
Ministers will not take decisions at their meeting on Monday, leaving that to Thursday’s summit of EU leaders, who in October told Turkey to stop exploring in disputed waters in the eastern Mediterranean or face consequences.
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Saudi Tourism to Turkey Suffers as Bilateral Tensions Grow
The Turkish tourism sector has boomed over the past decade, with visitors flooding in from all around the world, including the Gulf Arab states, drawn by Turkey’s climate and natural landscapes, proximity to the Gulf region, and infusion of European and Islamic cultures. Saudis particularly have played a significant role in Turkey’s tourist industry as the top Gulf visitors from 2007 to 2019, according to the Turkish Ministry of Culture and Tourism.
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Germany angers Turkey with attempt to police Libya arms embargo
Soldiers from the frigate Hamburg, part of an EU mission enforcing a U.N. arms embargo, boarded the Roseline A overnight but withdrew after Turkey raised objections with the EU mission, which had ordered the search, the German Defence Ministry said.
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Secretary Pompeo’s Travel to France, Turkey, Georgia, Israel, the United Arab Emirates, Qatar, and Saudi Arabia
Secretary of State Michael R. Pompeo will travel to France, Turkey, Georgia, Israel, the United Arab Emirates, Qatar, and Saudi Arabia November 13 – 23.
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