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Recent stories from sustg
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Hyundai Motor Joins EV Car Race in Saudi Arabia with Planned Factory; Signs MOU with Saudi Ministry of Industry and Mineral Resources
- January 3,2023
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- SUSTG Team
South Korea’s Hyundai Motors has joined the race to build EV cars in Saudi Arabia, signing a memorandum of understanding with Saudi Arabia’s Ministry of Industry and Mineral Resources to build a factory for the complete assembly of electric cars in the Kingdom, the Saudi Press Agency (SPA) reported.
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Saudi Arabia, Japan Eye Increased Trade and Cooperation at Riyadh Investment Forum
- December 28,2022
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- SUSTG Team
Saudi Arabia and Japan signed several new agreements and understandings at a Saudi-Japan investment forum to boost trade and relations between the two nations, according to reports.
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
- December 20,2022
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- SUSTG Team
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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Middle East KFC Operator, Americana, Sees Successful Debut in First Dual Listing in the Gulf
- December 13,2022
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- SUSTG Team
The Middle Eastern operator of KFC and Pizza Hut outlets, Americana Restaurants International Plc, climbed in its debut after raising $1.8 billion in an initial public offering, pulling off the first-ever dual listing in Riyadh and Abu Dhabi, Bloomberg reports.
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Saudi Arabia’s PIF Buys 9.5 Percent Stake in German Renewables firm Skyborn
- December 12,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has acquired a 9.5 percent stake in German renewable firm Skyborn Renewables, as the growing sovereign wealth fund of the Kingdom continues to expand with international investments.
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Adding to Growing List of Natural Treasures, ‘Desert Fish’ Rock Formation Discovered in Al-Ula
- December 7,2022
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- SUSTG Team
The recent discovery of a giant fish-shaped rock emerging from the sands of the Saudi desert near Al-Ula adds to a growing collection of natural wonders in Saudi Arabia.
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Virginia-Based Bechtel Corp. Wins Contract to Provide Project Management Consultancy Services for NEOM’s TROJENA
- December 5,2022
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- SUSTG Team
Virginia-based Bechtel Corporation has been appointed as the Project Management Consultant for TROJENA, a year-round mountain destination in the NEOM region of northwest Saudi Arabia, the company confirmed in a press release.
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An ‘Aerotropolis’: Saudi Arabia Plans to Build One of the World’s Largest International Airport’s in Riyadh Named After King Salman
- November 28,2022
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- SUSTG Team
Saudi Arabia plans to build one of the world’s largest airports in the capital Riyadh, named after King Salman, which will be capable of handling 185 million passengers a year and eventually powered by renewable energy, according to a statement from Saudi Arabia’s Public Investment Fund and reported widely by news outlets.
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Data Show Foreign Direct Investment Inflows into Saudi Arabia Falls 85% in Second Quarter on 2021 Aramco Deal
- November 15,2022
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- SUSTG Team
Saudi Arabia recorded second-quarter foreign direct investment (FDI) inflows down 85% year on year, an investment ministry report showed on Tuesday, with the reason for the significant drop attributed to the closing of state-owned Saudi Aramco’s IPO deal in the second quarter of 2021.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
- November 14,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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Pakistan-IndiaWhat the Next US President Needs to Know About Rising India-Pakistan Tensions
Pakistan, in particular, finds itself once again at the center of the tussle between China, Russia, and the United States
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Saudi Foreign Labor CrisisIndia urges stranded workers in Saudi to return by Sept 25
The Indian government has urged its countrymen who are stranded in Saudi Arabia to return home by September 25.
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Saudi-IndiaIndian Laborers in Saudi Arabia: Video
Many Indian national go to Saudia Arabia to work. Income isn't taxed there and salaries are better. Most have worked in construction, but now that oil prices are so low, work is drying up. Indians are being flown back to India, which has a high jobless rate.
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Foreign LaborSaudi Arabia Agrees to Help Stranded Workers, India Says
Saudi Arabia has agreed to assist thousands of laid-off Indian workers stranded in the kingdom without money or food, an Indian minister said Wednesday.
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Foreign WorkersSaudi Construction Woes Leave Indian, Pakistani Workers Stranded
Nearly 16,000 Indian and Pakistani workers have been abandoned in camps in Saudi Arabia without food and water or visas to exit the kingdom after a slowing economy forced companies to cut jobs.
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Indian WorkersThousands of Indian Workers Are Stuck in Saudi Arabia as Kingdom’s Economy Sags
The Indian government has sent emergency aid to more than 10,000 of its citizens who are stranded in Saudi Arabia without money or food.
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Foreign Labor‘Food crisis’ hits 10,000 laid-off Indians in Saudi Arabia
More than 10,000 Indian nationals laid off in Saudi Arabia are facing a "food crisis", India's foreign minister says.
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Global Oil MarketsIraq undercuts Saudi Arabia in Q2 to grab top spot in India oil market
Iraq overtook Saudi Arabia for the first time to become India's top oil supplier in the June quarter, helped by sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No.3 oil consumer.
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LNG TradeRising spot trade drives first Middle East-India LNG price index
The ability of buyers in the Middle East and India to import gas from around the world has encouraged growth in the region's spot LNG trade.
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Eid Al-FitrEid 2016: How Eid al Fitr is celebrated in India, Saudi Arabia, other countries after Ramadan
Eid al Fitr, also known as Eid ul Fitr or simply Eid, is round the corner and the entire Muslim community around the world is ready to celebrate the big festival.
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