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Recent stories from sustg
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Introducing The 966 – A New Show from the SUSTG Team Discussing All Things Saudi Arabia
The SUSTG Team launched a new podcast and show, The 966, and will be publishing weekly updates and exclusive interviews and conversations with Saudi business leaders, officials, newsmakers and others. Episodes are available on the show’s website, 966.transistor.fm, and on Apple Podcasts, Spotify, YouTube, and several other platforms.
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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Saudi Arabia’s ACWA Power International, Key in Kingdom’s Renewable Plans, Set to IPO
Saudi Arabia’s ACWA Power International, described as one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.21 billion) in its initial public offering, Bloomberg reports.
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Saudi Arabia Emphasizes ‘A New National Mind-Set’ for $1 Trillion in Mining Opportunities
Saudi Arabia is re-energizing its efforts to attract foreign investment into local mining and minerals opportunities, with the Kingdom’s Vice-Minister of Mining Affairs declaring that Saudi has a “a new national mind-set” on the sector.
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Saudi Arabia’s Technology Ministry Announces ‘LaunchKSA’ to Power Digital Innovation with $1 Billion Backing
Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) announced the launch of LaunchKSA, which promises to enhance innovation, augment digital know-how, support youth, and transform Saudi Arabia into the region’s largest digital economy.
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Saudi Arabia’s June Non-Oil Exports Rise by 41%; Oil Exports Rise 123% to Over $16 billion
The value of Saudi Arabia’s non-oil exports, a key indicator for the Kingdom’s ongoing effort to diversify its economy, soared 41% in the month of June, according to reports citing official data released by the government on Tuesday.
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IATA Lauds Saudi Embrace of Travel Pass for Covid Vaccination Clearance
The International Air Transport Association (IATA) said in a press release that it welcomed the decision of the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia to accept IATA Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting 30th of September 2021.
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Saudi Issues Record Number of Foreign Investor Licenses in a Single Quarter, MISA Says
Saudi Arabia’s Ministry of Investment (MISA) reported issuing 478 new licenses in the first quarter of 2021, “the most number in a single quarter since records began in 2005” and a 36% increase from the same quarter last year, according to reports.
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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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Saudi Mortgage Lending Surges 27% in First Half of 2021 — SAMA Data
Residential mortgage financing in Saudi Arabia has soared in 2021, increasing 27% so far this year despite a slowdown in the 2nd quarter, according to recent data released by the Saudi Arabian Monetary Authority (SAMA) and reported by Zawya.
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MUST-READS
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Jeddah boosts investments in tourism infrastructure
More than 2,800 new hotel rooms will be built as a result of 11 projects under way with international investments, according to Mohammad bin Abdullah Al-Omari, director general of the Saudi Commission for Tourism and National Heritage of Makkah.
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Religious tourism plays key role in bolstering Saudi ‘post oil’ plan
Industry data shows that Saudi Arabia has the most rooms under construction for hotel development in the region with 35,770 rooms in 81 hotels, with 24,133 rooms being constructed in Makkah alone.
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Saudi gov’t ‘approves $6.9bn of tourism, heritage projects’
More than SR26 billion ($6.9 billion) of tourism projects were approved by Saudi Arabia’s National Transformation Program on Sunday, according to local media.
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Religious tourism to drive new Saudi Arabia hotel openings
Saudi Arabia is expected to have a steady stream of new hotel openings over the next five years amid a jump in pilgrim numbers as part of its 270 billion riyal (Dh264.43bn) National Transformation Plan.
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Saudi Arabia hopes for religious tourism boost
With Saudi Arabia's government announcing reforms aimed at moving the kingdom away from its dependence on oil, another source of income looks set to become a major contributor to the economy - religious tourism.
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Partnerships ‘vital’ for tourism development
The country’s tourism industry would increasingly be run by independent bodies as part of the government’s bid to boost the sector, said Prince Sultan bin Salman, head of the Saudi Commission for Tourism and National Heritage (SCTNH), recently.
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Egypt tourism groups pay families of three Mexicans killed by mistake
The federation of Egyptian tourism agencies has paid $140,000 each in compensation to the families of three of eight Mexican tourists killed by mistake last year.
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Winners of Saudi Excellence in Tourism Awards honored
In all, 19 winners, comprising individuals and organizations, were honored under various categories in recognition of their efforts toward the development of the tourism industry in the Kingdom, an SCTNH official said on Wednesday.
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Saudi Arabia tourism: Plan for beach resorts along Red Sea
Although basic facilities such as piers, toilets and umbrellas exist on the main three islands – Farasan, Sajid and Muharraq – authorities hope to see more development, including high-end accommodation.
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Saudi tourism says 66 islands ready for investment
Rustom Al-Kubaisi, head of Saudi Commission for Tourism and National Heritage branch in Jizan, said development on the uninhabited islands has started, according to Arab News.
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