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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
- August 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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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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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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Video Shows Massive Lightning Strike Hitting Mecca Clock Tower, Heavy Rains Inundating Holy City
- August 24,2023
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- SUSTG Team
A video published by the UAE-based The National shows Mecca’s Clock Tower, one of the tallest buildings in the world, being dramatically struck by a bolt of lightning amid heavy rains that caused localized flooding.
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Saudi Arabia Sends Foreign Minister to BRICS Events in South Africa as it Seeks Membership
- August 23,2023
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will arrive in South Africa this week to take part in the BRICS Plus Dialogue and the BRICS-Africa Outreach events, according to reports.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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Princess Mashael bint Saud Al Shalan joins The 966, Saudis rush to theaters to See ‘Barbie’, an update on The Line and more…
- August 18,2023
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- SUSTG Team
Episode 99! Princess Mashael bint Saud Al-Shalan, Founding Partner, Aeon Strategy, joins The 966 to discuss her work heading one of the leading consultancies in Saudi Arabia in the field of sustainability. Aeon Strategy played a key role in support of the Kingdom’s Net-Zero targets under the Saudi Green Initiative and the Circular Carbon Economy […]
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Saudi Crown Prince Mohammed bin Salman invited to visit UK – BBC Report
- August 17,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman has been invited to visit the UK, the Saudi Arabian embassy has told the BBC.
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Kingdom’s Cinemas See Rush of Crowds to See ‘Barbie’, Now Showing in Saudi Arabia Despite Ban in Kuwait
- August 16,2023
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- SUSTG Team
Saudis are rushing to cinemas to see the global hit movie “Barbie” in theaters across the Kingdom, local media report.
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MUST-READS
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Bizjet Movements Rise 24% in Saudi Arabia
Business jet activity in Saudi Arabia jumped a record 24% last year, the General Authority of Civil Aviation announced today at the 2025 World Economic Forum in Davos, Switzerland. Movements rose from around 19,000 in 2023 to more than 23,600 in 2024, with domestic flights up 26%, to 9,200, and international trips rising 15%, to 14,400. Business jet traffic at major airport hubs in Jeddah, Riyadh, and Dammam climbed 30%, 22%, and 7%, respectively.
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Saudi Arabia’s FM announces landmark visit to Lebanon
Prince Faisal bin Farhan said he would visit Lebanon, the first such trip by a Saudi foreign minister in more than a decade. The one-day trip on Thursday will mark the first visit by a high-ranking Saudi official to Lebanon since 2015, after years of strained relations due to Lebanon’s perceived alignment with Iran, its role in drug smuggling to Gulf countries, and ongoing instability. Prince Faisal described the recent election of a president in Lebanon, following a prolonged political vacuum, as a highly positive development. He said the Kingdom welcomed the potential formation of a government but emphasized the need for real reforms and a forward-looking approach to ensure sustainable progress. He reiterated that the future of Lebanon rested in the hands of its people, urging them to make decisions that steer the country in a new direction.
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James Turrell Is Bringing His Iconic Skyspaces to the Saudi Arabian Desert
An exhibition on view as part of the AlUla Arts Festival showcases California Light and Space master James Turrell, and features some of his works that take up residence in art galleries as well as renderings for a giant new commission he is developing for the AlUla region of Saudi Arabia. For the upcoming Wadi AlFann commission, the artist will create a monumental succession of chambers joined by tunnels and stairs in the floor of a large canyon, in which visitors will experience “the thingness of light,” as the artist has described it. “I first visited the Wadi AlFann site in 2020,” said Turrell in a statement. “I was surprised that the sandstone formations looked very similar to those in Arizona. I was very familiar with that kind of landscape and strangely felt at home with doing work there.”
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Saudi Arabia Participates in Ministerial Meeting in New York to Back Yemeni Government
The Saudi Development and Reconstruction Program for Yemen (SDRPY) has participated in the international ministerial meeting to support the Yemeni government, held here in conjunction with the UN Security Council meeting and co-chaired by Yemeni Prime Minister Dr. Ahmed Awad bin Mubarak and British Minister for the Middle East and North Africa Hamish Falconer. SDRPY Director of Developmental Programs Dr. Hala Alsaleh underscored that Saudi Arabia's participation in the meeting reflects its ongoing commitment to supporting Yemen across various sectors. She highlighted the Kingdom's consistent efforts to foster peace and stability in Yemen through comprehensive development initiatives led by the program.
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The best residential PV system configuration for Saudi Arabia
Researchers in Saudi Arabia have identified the best and optimum PV system configurations for the Saudi residential market. Their analysis investigated the capacity threshold that leads to a lower cost of electricity compared to grid electricity costs. They used NREL’s HOMER software to analyze the energy requirements of the residential units, the solar energy potential and weather characteristics of the selected location, and the financial parameters influencing a project’s profitability.
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Saudi Arabia to launch 2 Orange Line stations tomorrow
The Riyadh Public Transport Project announced that Al-Hala and First Industrial City stations on the Orange Line will be launched tomorrow, Jan. 21. The Orange Line stretches from East Riyadh to West Riyadh, with a total length of 41 kilometers. It spans from Jeddah Road in the west to the Second Eastern Ring Road, passing along the Khashm Al-An area in the east.
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Saudi Arabia builds first road using recycled construction waste
Saudi Arabia's Roads General Authority (RGA) has achieved a significant milestone in sustainable infrastructure development by completing the kingdom’s first road built with recycled construction and demolition (C&D) waste in its asphalt mixture. The innovative project carried out in collaboration with Al Ahsa Municipality and the National Centre for Waste Management (MWAN), saw recycled C&D materials incorporated into the asphalt paving layers of a road in the Al Ahsa Governorate. This initiative aligns with Saudi Arabia’s ambitious Vision 2030 goals, emphasizing the transition to a circular economy. The kingdom aims to achieve a 60% recycling rate of C&D waste by 2035, significantly reducing environmental impact while promoting resource efficiency.
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Saudi Arabia FM Prince Faisal says he plans to visit Lebanon’s Beirut this week
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan said Tuesday that he plans to visit Beirut this week. “We will need to see a commitment to a Lebanon that is looking to the future, not to the past, in order for us to raise our engagement,” he said at the World Economic Forum (WEF) in Davos.
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Saudi Arabia introduces national policy to eliminate forced labor
Saudi Arabia has unveiled a National Policy for the Elimination of Forced Labor, reinforcing its commitment to creating a safe and fair working environment for all. This landmark initiative, announced by the Ministry of Human Resources and Social Development, positions Saudi Arabia as the first Arab country to implement a comprehensive policy aimed at eradicating forced labor. Saudi Arabia was the first Gulf Cooperation Council (GCC) nation to ratify the International Labour Organization's (ILO) 2014 Protocol to the Forced Labor Convention. The introduction of the new policy underscores the Kingdom’s alignment with international standards and its determination to combat forced labor on both a national and global scale.
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Saudi Arabia still assessing BRICS membership, minister says
Saudi Arabia’s membership in the BRICS bloc of emerging economies is still being assessed more than a year after the kingdom was invited to join the alliance, according to the country’s minister of economy and planning. “The kingdom is always focusing on fostering more global dialogue,” Faisal Al-Ibrahim said in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland. “We have been invited to the BRICS, similar to how we have been invited to many other multilateral platforms in the past historically,” he said. “We assess many different aspects of it before a decision is made, and right now, we are in the middle of that.” Saudi Arabia’s hesitation to join BRICS group — made up of Brazil, Russia, India, China and South Africa initially — is in contrast to most other countries that were invited to join the bloc in 2023. Iran, Egypt, Ethiopia and the United Arab Emirates all agreed to inclusion as the alliance looks to expand its global influence.
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