SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • From Sharm el Sheikh to Dubai: What to Expect From the UAE as Host of COP28

    The summit, to be held in Dubai from November 30 to December 12, will have to build on what was achieved at COP27 in Sharm el Sheikh, Egypt in December 2022 and drive it forward with accelerated action. The forthcoming summit will continue formal negotiations on key climate issues, including setting up the loss and damage fund, a historic breakthrough agreement of COP27 that requires wealthy countries to compensate developing countries that have been impacted by climate change.

  • UAE traffic: Dubai ranks as one of world’s least congested cities

    The 2022 traffic index report from this multinational corporation, which specialises in monitoring global traffic and congestion, showcased Dubai’s remarkable performance in the traffic flow index. The report extensively examined 390 cities spanning six continents and 56 countries, encompassing over 543 billion kilometers of road networks. According to the report, Dubai outperformed major global cities including Los Angeles, Montreal, Sydney, Berlin, Rome, and Milan in terms of the average time needed to travel a distance of 10 km in the Central Business District (CBD).

  • Dubai Property Prices Show Boom Spreading From Prime Districts to Suburbs

    The metropolis, whose most popular neighborhoods run parallel to the shores of the Persian Gulf, is now seeing rising demand for homes in districts stretching eastward into the desert. Transactions in some areas of secondary locations like Silicon Oasis and Sports City — that had remained more affordable — have hit record highs, according to real estate valuation and research firm ValuStrat.

  • Dubai Surpasses Pre-Pandemic Tourism Numbers in First Half of 2023

    The emirate welcomed 8.55 million in the first half of 2023 compared to 8.36 million in the same period in 2019.

  • Saudi Arabia’s PIF-backed company to acquire Dubai-based energy services firm

    Saudi Arabia's Nesma & Partners Contracting Company, partly owned by Saudi Arabia's Public Investment Fund, has agreed to acquire Dubai-based energy services company Kent as both companies aim to build sustainable business models. The acquisition is expected to create more business opportunities in new and existing markets, the companies said in a separate statement on Tuesday. The companies did not disclose the value of the transaction, which is expected to be finalised by the end of the year, subject to regulatory approvals, the statement said.

  • Dubai hotels gear up for COP28 boom

    Hotels in Dubai are gearing up to cater to the upcoming boom in demand as the UN climate conference COP28 approaches. Multiple hotels in the emirate told Arabian Business that they are already starting to see a large volume of bookings between November 30 and December 12 this year, during the COP28 period. The conference, which will be held at the Expo 2020 site, is set to attract delegates and high-level officials from across the world.

  • Ain Dubai: The mystery of the world’s largest broken Ferris wheel

    The Ain Dubai, with more steel than the Eiffel Tower and nearly twice as tall as the London Eye, was supposed to be closed for just a month. Then another month. And another. Finally, in April, operators quietly announced it would be closed indefinitely.

  • Dubai’s Latest Property Spree Has Rich Buyers Taking More Risk

    Long known for sharp booms and busts, Dubai had one of its most dramatic downturns in 2008, when a debt fueled real estate crash left some of its biggest developers teetering on the brink of bankruptcy. The Arab Spring sweeping the Middle East revived the market in 2011 as capital from Arab nations sought safety in Dubai. But the tides quickly turned in 2014 as a collapse in oil prices sent the residential property market on a seven-year downturn.

  • Dubai’s Economy Needs More Than Luxury Real Estate Deals

    Dubai's focus on the luxury construction sector is a narrow, risky strategy that is uncomfortably similar to past economic crashes.

  • Saudi Arabia could replicate Dubai as a ‘playground for everyone’, says Riyadh Air boss

    He added: “Where I live, come and visit me; the door of my villa is open. You’ll walk in and think why is the door not locked? If you get in my car – which is not insignificant in value – in the drive, the doors open and the keys are in it.” “Going forward. This will probably be one of the biggest go-to places.”