SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi economic growth likely to further accelerate in 2025: Riyad Capital

    Riyad Capital said, in its “Saudi Economic Chartbook” report, it projects continued solid growth for non-oil activities, fostered by a growth-oriented fiscal policy, supported by the Public Investment Fund (PIF), with a focus on increased investment spending which will spur growth in the coming years. The brokerage forecasts non-oil activities to accelerate to 4.8% in 2025, compared to 1.2% in 2024 and -0.8% in 2023. “The extent of the Saudi economic growth recovery will also depend on the expected oil output expansion in 2025. In our baseline scenario, we assume that the planned unwinding of the voluntary output cut of 1mbd will have to be partly extended into 2026. For 2025, we, therefore, project an oil sector growth rate of 5.8% after an estimated –5.0% in 2024,” said the brokerage.

  • Iran agreed to cap 60% stockpile, IAEA chief says

    The head of the UN atomic watchdog agency said today that Iran had agreed to his proposal to cap its stockpile of uranium enriched to 60% purity, short of weapons grade, following his two-day visit to Iran last week. What’s more, International Atomic Energy Agency (IAEA) inspectors on Saturday had observed preparatory steps by Iran to implement the cap, IAEA Director General Rafael Grossi reported.

  • SPPC signs PPAs for 5 projects with 9,200 MW capacity

    Saudi Power Procurement Co.(SPPC) signed today, Nov. 18, agreements to purchase power from five independent solar photovoltaic and thermal projects totaling 9,200 megawatts (MW), state-run Saudi Press Agency (SPA) reported. The projects include Rumah and Nairyah thermal energy utilizing flexible combined cycle gas turbine technology, using natural gas as main fuel, with the capacity to install carbon capture units, totaling 7,200 MW.

  • Saudi: Cityscape Global 2024 closes with record turnout, nets $61bln deals

    Cityscape Global, the world’s largest real estate exhibition, ended on a successful note at the Riyadh Exhibition and Convention Center in the Saudi capital attracting more than 172,000 visitors and hosting over 400 exhibitors during the four-day event. About 550 speakers from more than 50 countries, comprising top experts and industry leaders, also contributed to the event held under the patronage of the Ministry of Municipalities and Housing, in partnership with the Real Estate General Authority (REGA) and the Housing Program, a key initiative of Saudi Vision 2030, said the organisers. A highly successful edition, the Cityscape Global 2024 witnessed the closing of real estate transactions worth more than SAR230 billion ($61 billion), they added.

  • Saudi’s evolving consumer landscape and how AI can help

    In Saudi Arabia, a fascinating shift is under way in consumer behaviour as the country experiences rapid development and transformation. To better understand consumer trends in Saudi Arabia, Google conducted research in partnership with Ipsos and performed an internal analysis. The findings were presented at Google’s Accelerate Saudi event earlier this year.

  • Saudi GDP per capita reaches $33,114 by end of 2023

    Between 2010 and 2023, Saudi Arabia’s GDP grew by approximately 102%, while population growth registered at around 34%, underscoring a balance between economic growth and improvements in living standards. In 2010, GDP per capita stood at 82,500 riyals. A sharp rise followed in 2011, with a 22% increase lifting the figure to 100,000 riyals. This upward trend continued in 2012, reaching 106,000 riyals.

  • Saudi Arabia to increase renewable energy capacity

    The Saudi Energy Procurement Company (SPPC) has begun selecting bidders for the construction of four energy storage systems with a total capacity of 2 gigawatts (GW). The winners will have to commission grid-scale batteries in three regions located in the western (Mecca), northern (Hail) and central parts of the country (Al-Qassim). The four complexes will need to store a total of 8 gigawatt-hours (GWh) of electricity, equivalent to 15% of Saudi Arabia's hourly electricity consumption.

  • Saudi Bourse Plans to Dial Up M&A Amid Capital-Markets Push

    “M&A will play more of a role in our future than it has done in our past,” Lee Hodgkinson, chief strategy officer at Saudi Tadawul Group Holding Co., said in an interview in London. The company will aim for “digestible” and “strategically relevant acquisitions,” he said, without providing details of any potential targets. So far this year, $15.6 billion has been raised through stock sales on the bourse, including a mammoth offering from oil major Saudi Aramco, according to data compiled by Bloomberg.

  • Saudi energy minister commits to crude capacity levels and climate targets

    “We are not ashamed of our record when it comes to emissions,” Prince Abdulaziz told the FII conference. “We are proud of it, but the pundits try to create a smoke screen not to allow us to be on the so-called higher moral ground.” He also said Saudi Arabia would update its national climate pledge under the Paris Agreement to raise its target. “We ensure we will have a refreshed NDC (Nationally Determined Contribution) next year, and I can guarantee you out of knowing the number will be higher.”

  • Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital

    This funding will enable Nabt to accelerate product development and expand its market reach, supporting efforts to transform Saudi Arabia’s fresh produce ecosystem. Founded in 2022, Nabt operates a B2B marketplace connecting farmers directly with businesses, promoting transparency, efficiency, and sustainability. These initiatives contribute to food security in the Kingdom and align with the objectives of achieving self-sufficiency in food production.