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Saudi Arabia’s Mineral Wealth Exceeds $1.3 Trillion, Ministry Says
- December 22,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the Kingdom’s mineral wealth is now valued in excess of $1.3 trillion, including deposits of copper, zinc, phosphates, uranium and gold, the Saudi Press Agency has reported.
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NEOM’s Green Hydrogen Facility, Set to Be World’s Largest, Gets Financing Agreements with Banks, SIDF
- December 19,2022
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- SUSTG Team
NEOM’s Green Hydrogen Company (NGHC), an equal joint venture created by ACWA Power, Air Products, and NEOM which will create the world’s largest green hydrogen plant, has inked facility agreements with local, regional, and international banks and Saudi Arabia’s SIDF to finance the construction of the plant, according to reports.
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Bill Foster from the Jones Group Saudi Arabia and Chairman of AmChamKSA joins The 966
- December 16,2022
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- SUSTG Team
Captain Bill Foster, USN (retired) is President of Jones Group Middle East, a wholly owned subsidiary of Jones Group International, and is Chairman of the The American Chamber of Commerce Saudi Arabia (AmCham Saudi Arabia). Foster joins The 966 from Riyadh, where he talks about the changes ongoing in the Kingdom and the important work […]
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Saudi Arabia’s Tourism Sector Booms as Inbound Tourists, Spending Up 5x in Q2 – MISA
- December 14,2022
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- SUSTG Team
Tourism to Saudi Arabia grew substantially in the second quarter of 2022, with the Kingdom seeing a 575.4 percent year-on-year increase in inbound tourists to the Kingdom, Saudi Arabia’s Ministry of Investment (MISA) said.
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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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A World Cup Episode of The 966 including a conversation about the in-person fan experience with Dr. Mohammed Alhajji
- December 9,2022
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- SUSTG Team
In episode 68, The 966 does a full episode on the World Cup 2022 in Qatar. The hosts react to the matches played and the smooth execution of the major sporting event by Qatar. Then the hosts welcome Dr. Mohammed Alhajji, who attended several of the matches including Saudi Arabia’s historic win over Argentina.
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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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Saudi Arabia’s Sindalah Island, Neom’s ‘Yachting Hub’, to Open in 2024 with Golf Course, 40 Restaurants
- December 6,2022
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- SUSTG Team
Saudi Arabia’s Sindalah Island, off the coast of NEOM in Saudi Arabia, will open by 2024 and will include a beach club, yacht club and almost 40 restaurants, new details released about the project yesterday confirm.
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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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HRH Prince Turki Al-Faisal Al-Saud talks about his father King Faisal’s legacy, the King Faisal Foundation’s decades of work, and U.S.-Saudi relations
- December 2,2022
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- SUSTG Team
An interview and conversation with the legendary HRH Prince Turki Al-Faisal Al-Saud, who joins The 966 to share some stories and his anecdotes about his late father, King Faisal bin Abdulaziz Al-Saud. King Faisal’s death lead his sons to create the King Faisal Foundation to honor his visionary legacy and generous spirit. HRH Prince Turki […]
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MUST-READS
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Saudi Arabia pushes forward with plans for cultural ‘renaissance’ with vast light festival full of both local and big-name artists
“We’ve done a lot of focus groups, we've talked with the community to learn about what it is that they want to see in the neighbourhoods,” says Miguel Blanco-Carrasco, the Spanish-born executive director of Noor Riyadh. “A light festival was a really clear decision because light is a universal language everybody can understand. You don't have to be an expert in contemporary art, you don’t have to have a PhD in history of art, to understand the pieces we've seen.”
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Etihad Rail and Saudi Railway Company sign partnership agreement
The agreement focuses on four key areas of cooperation and will expand the close relationship between Etihad Rail and the Saudi Railway Company.
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Oman to start implementing VAT from April 16
The tax will help the Sultanate generate about 400 million Omani riyals ($1 billion) in revenue annually, which is equivalent to 1.5 per cent of the total value of gross domestic product. All six Gulf countries agreed to introduce a 5 per cent VAT in 2018 after a slump in oil prices hit their revenues. Saudi Arabia, the UAE and Bahrain have already introduced the tax, with Riyadh tripling it last year.
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Some progress made toward ceasefire in Yemen, U.S. State Department says
The U.S. State Department said on Thursday that “some hopeful progress” has been made toward a ceasefire in Yemen, but more commitment was needed from the parties to the civil war. The comments were in a statement on a just-concluded visit to the region by Timothy Lenderking, the U.S. special envoy for Yemen, aimed at bolstering U.N.-led efforts to end the conflict and stem a growing humanitarian disaster.
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Yemen’s Houthis attack Saudi oil heartland with drones, missiles
Yemen’s Houthi forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security.
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Saudi Arabia starts COVID-19 jabs at home
Jeddah Health Affairs on Thursday launched a vaccination program against the coronavirus disease (COVID-19) for home healthcare patients. The program, which is supported by the Health Ministry, is aimed at adult home healthcare patients and adults who share a residence with these patients.
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Anghami becomes first MENA startup to list on Nasdaq through SPAC Merger | MAGNiTT
The transaction, which is expected to close in Q2 of this year, includes a $40M funding commitment from UAE-based VC and existing investor, Shuaa Capital, and Vistas Media Capital Singapore (the parent of the sponsor for Vistas Media Acquisition Company Inc.). By taking the SPAC route, Anghami was able to raise funds via Vistas Media Acquisition Company and list directly through it, therefore reducing what can be a costly and time-consuming initial public offering process. Vistas raised $100M in its August 2020 IPO.
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Saudi Minister of Investment Discusses Headquartering in KSA: Audio
On the latest episode of Frankly Speaking, Khalid Al Falih, the Investment Minister of Saudi Arabia, tells Frank Kane why it makes sense for global companies to base their regional business in the Kingdom
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Saudis married to non-Saudis can travel abroad during pandemic, says passport department
This comes in implementation of the government’s directives on procedures for Saudis traveling to and from the Kingdom during the suspension of international flight due to the coronavirus pandemic.
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Reimagining U.S. Strategy in the Middle East: Sustainable Partnerships, Strategic Investments
In this summary, researchers assess the advantages and trade-offs of a reimagined Middle East strategy where strategic goals link to a broader understanding of stability that prioritizes reduced conflict, better governance, and greater development. They analyze long-standing U.S. interests and relationships with partners and develop an alternative framework in which the challenge of Iran is one among several factors that should be considered.
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