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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
- June 15,2022
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- SUSTG Team
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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Saudi-Israeli normalization, women in family businesses in Saudi Arabia, and a conversation with management consultant Jack Fowler from YCP Solidiance
- June 3,2022
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- SUSTG Team
Episode 46! The 966 talks with Jack Fowler, director at the global management consulting firm YCP Solidiance and co-author of a new white paper on Saudi Arabia’s construction industry. But first, the hosts talk about “normalization” between Saudi Arabia and Israel, Saudi women in family businesses in the Kingdom, and then wrap up the week’s […]
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King Salman Appoints Former Ambassador to the United States Adel Al-Jubeir as Envoy for Climate Affairs
- May 30,2022
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- SUSTG Team
King Salman has appointed Adel Al-Jubeir as Saudi Arabia’s envoy for climate affairs, according to a royal order issued over the weekend. The appointment builds on the official portfolio of Al-Jubeir, who will continue holding his current positions of minister of state for foreign affairs and member of the Council of Ministers.
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Saudi Arabia’s tourism sector, carbon capture investments, and a conversation on Saudi-Iraqi history with Joshua Yaphe
- May 13,2022
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- SUSTG Team
In episode 43, the U.S. State Department’s Joshua Yaphe joins The 966 to discuss his book, “Saudi Arabia and Iraq as Friends and Enemies: Borders, Tribes and a Shared History.” Yaphe is a foreign affairs officer with the U.S. Department of State; responsible for research and analysis of political, economic, security and social affairs related […]
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Kingdom Re-Launches Airports Privatization Strategy, Eyes 2023 Opening for Major Red Sea Tourism Project
- May 11,2022
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- SUSTG Team
Saudi Arabia is relaunching its strategy to privatize its airports in order to secure investment as it seeks to triple annual visitor numbers by 2030.
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Jon Alterman from the Center for Strategic and International Studies joins The 966 to talk about the Middle East in an evolving global order, U.S.-Saudi relations
- May 6,2022
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- SUSTG Team
In Episode 42, the ever-insightful Dr. Jon Alterman from the Center for Strategic and International Studies (CSIS), one of the leading think tanks in Washington, joins The 966 to talk about a changing global order and the Middle East’s role in it. The hosts ask Jon about his work to-date, including building the fascinating and […]
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Saudi Arabia’s Inaugural ‘Future Aviation Forum’ Begins May 9
- May 4,2022
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- SUSTG Team
Saudi Arabia is hosting the inaugural Future Aviation Forum next week, a new annual event that aims to seize the opportunity of a “pivotal moment for the global aviation sector,” a Saudi official said.
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MUST-READS
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Saudi Energy Minister: We Aim to Boost Oil, Gas Production, Plan to Export Hydrogen
He revealed that Saudi Arabia is working to increase the gas production by 60%. Work is under way to add 4,000 kilometers to gas lines. Prince Abdulaziz indicated that the energy laboratory that was launched has an investment value of about $1 billion.
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Three punctures can’t prevent Dylan Groenewegen from victory at Saudi Tour
Every cyclist knows the sense of frustration that comes with a flat tyre. To have two on a single ride is outrageous, madness, too much misfortune for a Shakespearean tragedy, but three is too much. This is what Dylan Groenewegen had to put up with on his way to victory on stage one of the Saudi Tour. The first was a tragedy, the second was a farce, so it's difficult to know what a third puncture meant.
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Blinken calls for ‘urgent steps to restore calm’ between Israel, Palestinians
Since the start of the year, the Israeli-Palestinian conflict has claimed the lives of 35 Palestinian adults and children -- including attackers, militants and civilians. Over the same period six Israeli civilians, including a child, and one Ukrainian civilian have been killed. All were shot dead in the attack Friday outside the synagogue in an east Jerusalem settlement.
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Air Force general predicts war with China in 2025, tells officers to get ready
In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.” Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling.
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Saudi Arabia Announced to launch Four New Combined Cycle Power Generation Projects
The statement mentioned that the project are In alignment with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060, in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency, Contributing to raising the local content percentage and industry localization.
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Renewables Soon to Overtake Coal in Electricity Generation
The IEA report, released since the Russian invasion of Ukraine, says that the war has led countries "to increasingly value the energy security benefits of renewable energy." Although some of the shorter term solutions may be focused by necessity on fossil or nuclear sources, the future is looking more green. An additional factor in this ongoing shift quoted in the report were the "high fossil fuel and electricity prices resulting from the global energy crisis" that have "made renewable power technologies much more economically attractive".
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Biden’s climate agenda has a problem: Not enough workers
U.S. clean energy companies are offering better wages and benefits, flying in trainers from overseas, and contemplating ideas like buying roofing and electric repair shops just to hire their workers as firms try to overcome a labor shortage that threatens to derail President Joe Biden's climate change agenda.
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Saudi Arabia gives government agencies limited options to contract with foreign firms
Article Six of the regulations states that it does not prevent companies that do not have regional headquarters in the Kingdom or any related party from submitting offers for public biddings by any of these agencies, provided that these entities do not accept the submissions of these companies or related parties except on two occasions: The first is when there is only one technically acceptable offer, and the second is when the offer submitted by the company, which does not have a regional headquarters in the Kingdom or the related party, submitted the best offer after the overall evaluation from a technical point of view and is financially 25 percent more or less than the value of the second best offer.
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Commentary: Points of convergence between the Belt and Road Initiative and the Saudi Vision 2030
As of August 2022, 149 countries and 32 international organizations have signed Belt and Road Initiative cooperation agreements with China. In 2021, China' trade in goods with the BRI countries totaled 11.6 trillion yuan ($1.7 trillion), a new high over the past eight years and a year-on-year increase of 23.6 percent. The integration of the Belt and Road Initiative with the Kingdom's Vision 2030 can help achieve the development goals of both countries, especially when the Gulf Cooperation Council countries are looking for stronger cooperation with China, a market with great potential.
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Is Green Hydrogen the Fuel of the Future? China, US, Europe Are Betting on It
As the world sprints to decarbonize, the next round of competition revolves around a device called an electrolyzer. Plug these into clean electricity such as solar power, and it's possible to extract hydrogen from water without producing any planet-warming emissions. That's a crucial step in creating a green fuel capable of decarbonizing such industries as steel, cement or shipping.
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