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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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Report: Saudi Arabia Explored Bid to Buy F1 for Over $20 Billion
- January 23,2023
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- SUSTG Team
Saudi Arabia explored a bid to acquire Formula 1 racing in early 2022, according to a Bloomberg report.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
- January 20,2023
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- SUSTG Team
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Saudi Arabia Set to Open Riyadh Metro ‘Soon’ — Report
- January 19,2023
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- SUSTG Team
The Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon,” Rai Al Youm reported on Wednesday, citing the German News Agency (DPA).
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Saudi Aramco Acquires Trading Arm of US Refiner Motiva
- January 18,2023
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- SUSTG Team
Saudi Aramco has acquired the trading arm of US refiner Motiva Enterprises LLC, according to Bloomberg, as Aramco expands its operations in the Americas.
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Saudi Arabia Rolls Out a New Events Investment Fund (EIF) to Drive Investment in Culture, Tourism, Entertainment and Sports
- January 17,2023
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- SUSTG Team
Saudi Arabia has launched an investment fund specifically to support the culture, tourism, entertainment and sports industries, according to Reuters, citing the state news agency SPA.
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Saudi Arabia’s Flynas Eyes Overseas Expansion in Bid to Reach Top 5 Lowcost Carriers Globally
- January 16,2023
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- SUSTG Team
Saudi Arabia-based low-cost carrier Flynas said its board approved establishing local units outside the Kingdom’s borders in two more countries “as part of a plan to become the Middle East’s largest discount airline and one of the five biggest globally,” Bloomberg reports.
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Bloomberg Columnist Hussein Ibish on US-Saudi Relations, Energy and Global Diplomacy, and Much More
- January 13,2023
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- SUSTG Team
Bloomberg columnist and senior resident scholar at the Arab Gulf States Institute in Washington Hussein Ibish joins The 966 to talk about global diplomacy, U.S.-Saudi relations, energy markets, Saudi Arabia as an emerging power, and so much more. Ibish is a weekly columnist for Bloomberg and The National (UAE) and is also a regular contributor […]
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Saudi Arabia Makes Major Amendment to Citizenship Law
- January 12,2023
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree that defines who can claim Saudi citizenship, allowing the children of Saudi women who are married to expat men to now apply for citizenship after the age of 18.
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Saudi Arabia’s Ma’aden Forms JV with the Public Investment Fund (PIF) to Invest in Mining Assets Abroad
- January 11,2023
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- SUSTG Team
Saudi Arabia will establish a firm to invest in mining assets internationally, according to reports.
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MUST-READS
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Saudi Arabia to unveil findings of geological surveys at Future Mining Forum
The Saudi Geological Survey will announce the findings of various geological survey projects at the upcoming Third Future Mining Forum, according to an official statement issued on Thursday. The forum is scheduled to be held on Jan. 10, 2024 in Riyadh. The statement said as part of the General Geological Survey Program initiative, findings of several surveys undertaken in the Kingdom will be presented at the event. Prominent among them include an aerial geophysical survey and findings of a geochemical exploration in the Kingdom.
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In Saudi Arabia’s stellar soccer year, federation boss sees 2034 World Cup fueling more rapid change
Saudi Arabia’s ambitions in soccer were made stunning and clear in 2023, and its upcoming 11-year journey toward hosting the men’s World Cup promises much more of the same. In an interview Thursday with The Associated Press, Saudi soccer federation president Yasser Al Misehal said sport and society in the oil-rich kingdom are going through transformational changes ahead of staging soccer’s biggest event in 2034. “We are trying to do everything for our people, for our economy and also we want to host as many people from all different places in the world,” Al Misehal said.
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W.Media brings together DC Industry Stalwarts in Saudi Arabia
Over 100 of the best and brightest of the Middle East's Cloud and Data Center industry came together at the Hyatt Regency, Riyadh Olaya in the capital city of the Kingdom of Saudi Arabia (KSA) for W.Media's maiden edition of Saudi Cloud & Datacenter Convention on December 19. These included industry experts and thought leaders, including C-level executives, digital infrastructure professionals including architects, engineers and consultants (AECs), key buyers, decision makers, data center owners and operators.
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Opinion: How Saudi Arabia Could Use Its Leverage in Gaza
To assume that Saudi Arabia and GCC states would readily agree to pay for the reconstruction of an inherited catastrophe, and then take responsibly for its security, reveals the naïve illusions entertained by many in Israel and the West. Western and Israeli discourses often depict the GCC states as irrational actors that spend first and think later—as if the GCC states’ only function in the world system is to throw money at other states’ problems. This is far from the reality. Nowadays, nothing in Saudi Arabia is spent unless it is deemed to be serving the kingdom’s interest; “Saudi Arabia first” is the principle that Saudi’s foreign policy is based on.
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Saudi Arabia commits over $18 billion for refugees within its borders, Al-Rabeeah says
Saudi Arabia has allocated over $18 billion to support refugees residing within its borders, according to statements made by Dr. Abdullah Al-Rabeeah, Advisor at the Royal Court and Supervisor General of the King Salman Humanitarian Aid and Relief Center (KSrelief).
Dr. Al-Rabeeah made these significant remarks during his participation in the Global Refugee Forum 2023, held in Geneva, Switzerland. In his address, he acknowledged the challenging global circumstances marked by escalating humanitarian crises and stressed the Kingdom of Saudi Arabia's unwavering commitment to the humanitarian cause, both on political and humanitarian fronts. -
Saudi Arabia launches online platform to use geographical information systems
The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical information systems to achieve sustainable development goals. The portal was announced at the Geospatial Data Consortium, organized by the General Authority for Survey and Geospatial Information in partnership with the General Authority for Statistics, in Riyadh on Tuesday, according to the Saudi Press Agency
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Tourism minister: Saudi Arabia will generate 250,000 jobs by hosting Expo 2030
Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia will create as many as 250,000 jobs during its hosting of Expo 2030 in Riyadh. He also highlighted the importance of sustainable jobs that the Kingdom will generate and these include jobs related to 1,000 hotel rooms on the sidelines of the global exhibition.
The minister made the remarks while addressing a ministerial roundtable session titled “Accelerated Progress in the Labor Market,” during the first-ever Global Labor Market Conference (GLMC), which started at the King Abdulaziz International Convention Center in Riyadh on Wednesday. -
Saudi Arabia urges Chinese firms to explore its ‘phenomenal demand’, cooperate in green transition
Saudi Arabia’s investment minister called for further facilitation on green transition collaborations with Chinese companies in Beijing on Tuesday, with bilateral trade and business exchanges in full swing amid their fraying relations with the West.
The Gulf state is striving to catch up on the global wave of clean energy transition, which provides China, a leader in the global new energy sector, an opportunity to grow investment and involvement in the region’s renewables development and beyond, Khalid al-Falih told the China-Saudi Investment Conference.
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Former Barcelona manager Lluis Cortes named Saudi Arabia women’s head coach
Former Barcelona and Ukraine manager Lluis Cortes has been named as Saudi Arabia women’s national team head coach. Cortes, 37, signed a four-year contract until 2027 and replaces former Finland international Rosa Lappi-Seppala, who left in October by mutual consent.
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Saudi Arabia tops G20 in tourism growth, emerges as second globally
Saudi Arabia emerged as the second fastest-growing tourist destination in the world, according to a report of the United Nations World Tourism Organization (UNWTO) Barometer. The UNWTO report also showed that Saudi Arabia ranked first as the fastest-growing tourist destination in the G20 countries. The report is based on the figures pertaining to the growth rate of international tourist inflow during the first nine months of 2023, the Ministry of Tourism said, quoting the Barometer. The report indicated that the recovery rate of the tourism sector in Saudi Arabia reached 150 percent compared to pre COVID-19 levels. The Barometer showed that the highest recovery rate recorded by international tourism in the Middle East at the global level is 120 percent compared to pro-pandemic levels.
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