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Princess Reema in Vogue Middle East: ‘Profound, Historic Changes’ for Women in Saudi Arabia
- December 11,2020
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar penned an open letter for Vogue Middle East discussing the progress made and path forward for Saudi Arabia’s women, noting that women in the Kingdom are “cracking the glass ceiling.”
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Houston-Based Baker Hughes, Saudi Aramco to Develop Oil, Gas Products Using Nonmetallic Resources
- December 9,2020
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- SUSTG Team
Saudi Aramco and Houston-based Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector, the companies said in a press release.
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Saudi-Owned Lucid Motors Completes Phase 1 of Arizona Factory Build, Eyes 2021 Production
- December 8,2020
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- SUSTG Team
Saudi-owned Lucid Motors, a forthcoming EV rival to Tesla, announced that it completed the first phase of construction at its factory in Arizona, eying production of up to 400,000 electric cars per year at the facility after future expansions. Lucid completed the first phase of construction of its factory in Casa Grande, Arizona, and is aiming to start […]
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Saudi Prince Turki al-Faisal Offers Harsh Criticism of Israel at the Manama Dialogue Summit
- December 7,2020
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- SUSTG Team
Saudi Arabia’s Prince Turki al-Faisal harshly criticized Israel on Sunday at the Manama Dialogue summit that was remotely attended by Israel’s foreign minister, demonstrating the chasm that still exists between the two nations as reports claim that a deal to establish diplomatic ties may happen soon.
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OPEC+ Agrees on Output Increase by by 500,000 Barrels a Day in January – Reports
- December 4,2020
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- SUSTG Team
OPEC and Russia on Thursday agreed to a slight increase in production quotas in January, reducing their deep oil output cuts from January by 500,000 barrels per day, according to reports. The decision taken by OPEC and Russia signals the world’s biggest producers “are betting the worst of a pandemic-inspired shock to demand is behind them,” according to the […]
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Saudi Arabia, Qatar Near Deal to End Three Year Rift — Report
- December 3,2020
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- SUSTG Team
Saudi Arabia and Qatar are nearing a “preliminary deal” to end a three-plus year rift between the two Gulf nations, according to Bloomberg.
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Saudi Aramco, Shell & AMG Recycling B.V. Sign Agreement to ‘Maximize Value of Natural Resources’ in Kingdom
- December 2,2020
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- SUSTG Team
Saudi Aramco and Amsterdam-based Shell & AMG Recycling B.V. signed a memorandum of understanding this week to “evaluate the feasibility of creating a venture in support of Saudi Arabia’s vision to maximize value from its vast natural resources,” the companies said in a press release this week. The two companies will explore the potential ability for Saudi Aramco to […]
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Gradual Private Sector Recovery Underway in Saudi Arabia, Latest Data Indicates – Jadwa Investment
- December 1,2020
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- SUSTG Team
Saudi Arabia’s private sector is beginning to see signs of a gradual recovery, with non-oil PMI rising for the second consecutive month in October, Jadwa Investment says in its latest monthly Chartbook for the Saudi economy.
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White House Advisor Jared Kushner Heads to Saudi Arabia, Qatar for Diplomatic Talks
- November 30,2020
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- SUSTG Team
White House senior adviser Jared Kushner and a team of outgoing Trump administration officials are heading to Saudi Arabia and Qatar this week in an attempt to secure more diplomatic agreements in the Middle East before the Trump administration leaves office in January, according to reports. The visit by Kushner, President Trump’s son-in-law, comes amid simmering tensions in the […]
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Saudi Economy More Resilient than Expected in Q2, Q3 2020; Recovery Possible Next Year – Jadwa Investment
- November 27,2020
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- SUSTG Team
Saudi Arabia’s economy proved to be more resilient than expectations in the face of dual crises of the Coronavirus pandemic and a drop in oil prices in 2020, Jadwa Investment writes in an economic update.
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MUST-READS
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Saudi Prince Steps In as Power Broker in Trump’s New World Order
MBS, as the oil-rich kingdom’s de facto ruler is known, is one of the few global power brokers to enjoy a close relationship with Trump and Russian President Vladimir Putin, while most Arab heads of state see him as critical to tackling a more erratic Washington. That has positioned Riyadh as the most likely venue for a Trump-Putin summit on Ukraine, and puts Prince Mohammed at the heart of the regional response to Trump’s controversial proposals for war-ravaged Gaza. Saudi officials believe that positioning MBS as a peacemaker furthers the kingdom’s goal of becoming a middle-ranked global power that’s friends with everyone and pursues a foreign policy that’s mainly in the service of its economic interests and aspirations.
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Saudi Arabia Emerges as Key Global Player Under Trump
Saudi Arabia's diplomatic maneuvers reflect its ambitions to assert itself globally while securing its own geopolitical interests. Its support for a negotiated peace in Ukraine could bolster its influence with both Washington and Moscow, while its leadership on Gaza underscores its regional authority. The Kingdom's balancing act will test its ability to navigate the complex dynamics of great power competition and Middle East stability. "Saudi Arabia's recent diplomatic maneuvers reflect a growing maturity from Riyadh that we didn't see during President Donald Trump's first term. The Kingdom appears to have moved on from an unrealistic foreign policy approach towards the region, and instead seems to be using its leverage and embracing diplomacy as a tool for regional stability and strategic influence."
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Discover a World of Cinematic Opportunities in Saudi Arabia
The Saudi Film Commission, one of 11 specialized commissions under the Ministry of Culture, plays a pivotal role in empowering the industry and driving its development, further strengthening the Kingdom’s position as a leader in the global film landscape. From the high mountains of the north to the Red Sea’s white beaches in the west, and from vast deserts in the east to green landscapes in the south, Saudi Arabia offers an array of possibilities for filmmakers. The Kingdom’s landscapes, with their modern cities, reflect a blend of heritage and modernity, offering the chance to tell diverse stories. Sites like NEOM, Alula, Diriyah, Riyadh, Jeddah and the Empty Quarter provide a versatile backdrop providing locations that can stand in for a wide variety of settings.
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Explorer completes first stage of bid to cross Saudi Arabia on foot
Writer and TV presenter Alice Morrison, from Edinburgh, began her journey on New Year’s Day at the border with Jordan. Accompanied by two camels – named Juicy and Lulu – and local guides, the 61-year-old has now covered the 930 kilometres to the Prophet’s Mosque, also known as Al-Masjid an-Nabawi, in Madinah. The seven-week journey saw the seasoned explorer average about 23km – or 33,000 steps – per day. During the journey, Ms Morrison, who speaks fluent Arabic, explored numerous pieces of the country’s rich history – including ancient ruins, bronze age tombs, and relics from the old Hejaz railway.
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Saudi Arabia deports 10,822 illegal residents in a week
Saudi Arabia has deported 10,822 illegal residents during the last week, the Ministry of Interior revealed on Saturday. A total of 29,510 violators were referred to their diplomatic missions to obtain travel documents while 3678 violators were referred to complete their travel reservations during the period between Feb. 06 and 12. The Saudi security forces have arrested a total of 22,663 illegal residents from various regions of the Kingdom during the last week. The arrests were made during the joint field security campaigns that were carried out in collaboration with the relevant government agencies.
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How Saudi Arabia is leveraging regenerative tourism to blend luxury with sustainability
At the heart of Saudi Arabia’s environmental strategy is regenerative tourism, which aims to protect natural habitats through science-led approaches and sustainable practices. Unlike sustainable tourism, which aims to minimize harm, regenerative tourism strives to improve destinations through conservation, community engagement and science-led initiatives. This includes implementing eco-friendly infrastructure, protecting biodiversity, and involving local communities in conservation efforts to ensure long-term environmental and economic benefits.
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Cybersecurity market seen to rise 13% in Saudi Arabia: PwC official
Samer Omar, PwC Middle East Cybersecurity & Digital Trust Leader, said Saudi Arabia's cybersecurity market is estimated at SAR 13-14 billion, of which 31% is dominated by the government & public sector and the remaining 69% by the private sector, as outlined in a 2024 report by the National Cybersecurity Authority (NCA). The market is expected to grow at a compound annual growth rate (CAGR) of 11-13% over the next five years, driven by the continued investments and accelerated technological developments, Omar said in an interview with Argaam on the sidelines of LEAP 2025 Conference.
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Saudi Arabia eyes $1 trillion infrastructure boost by 2030
Saudi Arabia plans to invest nearly $1 trillion in infrastructure projects by 2030 to accelerate economic diversification and boost private-sector participation, Minister of Economy and Planning Faisal Al Ibrahim announced. Speaking at the Public Investment Fund (PIF) Private Sector Forum in Riyadh, Al Ibrahim said the Kingdom’s non-oil sector is set for significant expansion by 2026, fueled by investments in key industries. He highlighted the PIF’s pivotal role in shaping the economy, establishing strategic companies, and fostering new industries that drive long-term growth.
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BYD Energy Storage Secures World’s Largest Energy Storage Contracts with Saudi Electricity Company
BYD Energy Storage has signed a landmark agreement with Saudi Electricity Company for the development of energy storage projects with a total capacity of 12.5 GWh, marking the largest energy storage contracts in the world to date. Combined with the previously delivered 2.6 GWh project, the collaboration now amounts to 15.1 GWh of energy storage capacity, reinforcing their commitment to advancing Saudi Arabia’s renewable energy sector. The agreement is a significant step towards Saudi Arabia’s Vision 2030 goals, aiming to enhance the country’s energy infrastructure and accelerate the transition to renewables. The projects will be deployed across five sites, fully integrating with Saudi Arabia’s power transmission network to ensure grid stability, manage peak energy demand, and support the growing adoption of renewable energy sources.
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US, Ukrainian officials head to Saudi Arabia as talks loom on ending Russia’s war
A Ukrainian delegation has arrived in Saudi Arabia for meetings in preparation for a possible visit by President Volodymyr Zelenskyy, a Ukrainian minister said Sunday, at a time of intense speculation over planned U.S.-Russia talks in the kingdom to end Moscow’s war on its neighbor. It also comes as a top U.S. envoy revealed that he and a fellow negotiator appointed by U.S. President Donald Trump were heading to Saudi Arabia. Ukrainian Economy Minister Yulia Svyrydenko, who also serves as first deputy prime minister, didn’t clarify whether there is a link between Zelenskyy’s possible trip and the previously announced U.S.-Russia talks. In a Facebook post, she said that the Ukrainian delegation’s focus is on strengthening economic ties, as Kyiv “prepares to sign important economic agreements with countries in the region.”
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