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First Saudi Team Reaches Club World Cup Final as Al Hilal Bests South American champions Flamengo
- February 8,2023
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- SUSTG Team
Saudi Arabia’s Al Hilal secured a 3-2 win over South American champions Flamengo on Tuesday that sent them to the Club World Cup final – the first time a Saudi team has reached the championship match in this tournament.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
- February 7,2023
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- SUSTG Team
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Abraham Ancer Takes 2023 PIF International Title at Royal Greens in Saudi Arabia
- February 6,2023
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- SUSTG Team
LIV’s Abraham Ancer won this year’s Saudi International Tournament, played at the Royal Greens Golf Club at KAEC, after holding off the PGA Tour’s Cameron Young to take the 2023 title.
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Physician-scientist Dr. Doaa Alsaleh MD joins The 966, plus a new visa to visit Saudi and much more
- February 3,2023
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- SUSTG Team
In Episode 74, a conversation with Dr. Doaa Alsaleh MD, a physician-scientist at the Icahn School of Medicine at Mount Sinai in New York City on her journey, work, research, and future before returning to work in Saudi Arabia soon. Dr. Doaa was born in Saudi Arabia, got her medical degree in Bahrain, and is now […]
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Saudi Arabia’s King Issues Royal Decree Appointing Ayman Alsayari as New Central Bank Governor, Replacing Fahad Al-Mubarak
- February 2,2023
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree appointing a new governor of the Kingdom’s central bank and moving its former boss to a role as advisor to the Royal Court, according to reports.
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Saudi Arabia’s PIF, U.S.-Based AeroFarms Agree to Establish Riyadh-Based Vertical Farms Company
- February 1,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has signed a joint venture agreement with New Jersey-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom with an eye toward expansion in the wider MENA region, according to a report in Arab News and a press release from the PIF.
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Saudi Arabia’s Non-Oil Economy Grew 6.2% During the Fourth Quarter of 2022 – Latest Data
- January 31,2023
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- SUSTG Team
In the 4th quarter of 2022, Saudi Arabia’s non-oil sector grew at the fastest pace in more than a year and “helped the kingdom record the fastest overall growth among major global economies,” Bloomberg reports. The non-oil economy grew an annual 6.2% during the fourth quarter of last year, the highest level since the third […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
- January 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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The 966 exclusive interview with Bechtel Saudi Arabia Managing Director Jacob Mumm on the company’s active role at Neom, the Riyadh metro, and its storied history in the Kingdom
- January 27,2023
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- SUSTG Team
In Episode 73 this week, The 966 features an exclusive conversation with Jacob Mumm, Managing Director for Bechtel Saudi Arabia. Bechtel’s role in over 300 major projects throughout 80 years in Saudi Arabia, including the world’s largest single industrial development project at Jubail, the ambitious Riyadh Metro project, “The Spine” at Neom, Ras Al Khair, […]
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International Visitors to Saudi Arabia Increase as Kingdom Attracts Most Tourists in First 9 Months of 2022
- January 25,2023
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- SUSTG Team
Saudi Arabia registered more than 18 million international arrivals in the first nine months of 2022, higher than any other Arab nation during that timeframe, according to reports.
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MUST-READS
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‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties
“Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners, with us being the economic leaders of our respective regions,” al-Falih said. “With our strategic interests aligned and private sectors strong, we could become a top five investor in each other’s economy. I believe this will be possible.” Flush with cash following a record $161bn profit for state oil giant Aramco last year, Saudi Arabia has ploughed billions in investments into Brazil’s mammoth mining and meatpacking sectors.
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‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties
“Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners, with us being the economic leaders of our respective regions,” al-Falih said. “With our strategic interests aligned and private sectors strong, we could become a top five investor in each other’s economy. I believe this will be possible.” Flush with cash following a record $161bn profit for state oil giant Aramco last year, Saudi Arabia has ploughed billions in investments into Brazil’s mammoth mining and meatpacking sectors.
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P&O’s CEO Martin Helweg charts Saudi Arabia’s maritime future
The maritime sector in KSA presents a range of opportunities across the board. The integration of maritime infrastructure with energy and trade flows is a key driver. Notably, the foremost opportunity lies in Saudi Arabia's proactive commitment to nurturing a thriving maritime sector. Events like the Saudi Maritime Congress serve as vital platforms for stakeholders to collectively shape the sector's future trajectory, making alignment crucial.
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5 things we learned from Roberto Mancini’s start with Saudi national team
Whatever the performances and whatever the spin put on it all, for a new national team coach to lose his first two games is far from an ideal start. At this stage the performances are more important than the result but Mancini, who was appointed last month, will not want the media and fans talking about the lack of wins for too much longer. In some ways, the selection of opposition was not the best. Costa Rica and South Korea both present solid tests but are not the kind of world-beating teams that fans back in Riyadh, Jeddah and elsewhere would expect their side to lose to.
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Mixed martial arts investment latest example of Saudi Arabia’s foray into global sports
Georgetown University-Qatar visiting associate professor Danyel Reiche, an expert on sports and politics in the Middle East, said countries that try to use sports to improve their global standing can make up only so much ground. In Saudi Arabia’s case, its extensive spending is more about attracting major events to that country. The 2034 Asian Games already are scheduled to take place there.
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Noor Riyadh 2023, the annual festival of light and art in Saudi Arabia, announces dates and themes for its third edition
Noor Riyadh Festival returns for its third edition, which will feature over 120 artworks by more than 100 artists across five hubs in the capital of Saudi Arabia, from November 30 to December 16 The festival features local and international artists and offers diverse workshops, thought-provoking seminars, and stimulating artistic discussions.
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Red Sea Global Partners With EDF And Masdar For 25-Year Solar-Powered Amaala Project In Saudi Arabia
Red Sea Global (RSG), the developer behind Amaala and The Red Sea, has partnered with French utility firm EDF and clean energy company Masdar to establish a 25-year concession agreement for a multi-utilities infrastructure facility serving the Amaala destination. Similar to The Red Sea, Amaala will rely entirely on solar energy, reducing CO2 emissions by nearly half a million tons annually.
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Saudi prince sees bright future for esports partnership with China
China's fast-growing esports sector will continue to attract Saudi capital in the years ahead providing huge opportunities for gaming companies and talents in both sides, said a Saudi royalty. The gaming and esports sector in Saudi Arabia is experiencing rapid growth. This aligns with Saudi Arabia's Vision 2030 and economic diversification plans, aiming for long-term prosperity. The vision has enabled the exploration of new sectors, including gaming and esports, benefiting the country enormously, said Prince Faisal bin Bandar bin Sultan, chairman of the Saudi Esports Federation (SEF) and the Arab Esports Federation. Launched by the Saudi government in 2016, Saudi Vision 2030 is an economic and social reform blueprint designed to open the kingdom up to the world, and boost communication and coordination on regional and international affairs.
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Saudi Arabia participates in international conference on combating sand storms held in Tehran
Saudi Arabia participated on Monday in the International Conference on Combating Sand and Dust Storms held in Tehran, where it discussed it Sand and Dust Storm Warning Regional Center. CEO of the Saudi National Center of Meteorology, Ayman bin Salem Ghulam, stressed the kingdom’s efforts to mitigate climate change and combat sand and dust storms, citing the Saudi Green Initiative, introduced by the Crown Prince in March 2021, which is designed to tackle both local and global environmental challenges. The Middle East Initiative aims to plant 50,000,000,000 trees, which is equivalent to five percent of the global afforestation target.
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Saudi trade with G20 countries worth $421bn, India a key partner
Saudi Arabia’s trade with G20 countries reached $421bn last year and the Kingdom is looking to boost its economy with key partners.
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