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Saudi Arabia’s Crown Prince Mohammed bin Salman Launches National Industrial Strategy
- October 19,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
- October 18,2022
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- SUSTG Team
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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Brooks Koepka Wins First LIV Golf Jeddah Event, Overcomes Uihlein on 3rd Playoff Hole
- October 17,2022
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- SUSTG Team
Brooks Koepka holed his birdie putt on the third playoff hole to win the LIV Golf Invitational-Jeddah in Saudi Arabia on Sunday and claim his first victory on the tour.
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
- October 14,2022
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- SUSTG Team
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
- October 13,2022
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- SUSTG Team
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Saudi Arabia’s Population Grows 9.3% in 2021, Officially Reaching 34 million
- October 11,2022
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- SUSTG Team
Saudi Arabia’s population reached 34 million people in 2021, according to a recent report by Saudi Arabia’s Ministry of Health and published in the Saudi Gazette, at an annual growth rate of 9.3%.
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Saudi Arabia’s PIF Commits Over $2 Billion to New Long-term Football Sponsorship Deals this Year – FT Report
- October 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has committed more than $2 billion to new long-term football sponsorship deals this year, with much of that spent domestically in Saudi Arabia, the Financial Times reports, citing the PIF’s most recent financial statements.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
- October 7,2022
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- SUSTG Team
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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Manhattan, Reimagined: Saudi Arabia Applies ‘The Line’ Concept to New York City
- October 6,2022
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- SUSTG Team
NEOM has released a video showing what New York City and the island of Manhattan might look like if it were to be designed in the same concept as The Line, the Kingdom’s planned ultra-futuristic new city.
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
- October 5,2022
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- SUSTG Team
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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MUST-READS
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Saudi Arabia Imposes New Economic Participation Policy
The EP policy, which was released with little warning and without public consultation, applies to government contracts in which the value of imported goods and services exceeds SAR 100 million (~$27 million). To be eligible to bid on such contracts, companies must demonstrate that their level of local “economic participation” will equal at least 35 percent of the value of imported content.
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Red Sea Global partners with Saudi Airlines Catering Company to bring essential hospitality services
With the partnership in place, SACC will design, build and operate a Central Production Unit (CPU) for catering services for employee meals, as well as laundry services for The Red Sea destination including employee uniforms and hotel linen.
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Blinken speaks to Saudi counterpart following attack near US consulate in Jeddah
"The Secretary expressed appreciation for Saudi Arabia's support during the recent shooting incident outside the US Consulate General in Jeddah and its continued support for our diplomatic missions," State Department spokesperson Matthew Miller said in a statement.
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Chelsea confirm Edouard Mendy departure as he seals to move to Saudi Arabian side Al Ahli
His former Chelsea teammates Kalidou Koulibaly and N'Golo Kante have also sealed moves to Saudi Arabia - Senegal teammate Koulibaly joining Al Hilal, while Kante is with Saudi Pro League champions Al Ittihad.
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As the LPGA surges with Rose Zhang, Saudi Arabia’s PIF could help itself by forging a partnership
In less than a month on the professional golf scene, Zhang has placed a spotlight on the women’s game and the LPGA Tour as the PGA Tour considers a new relationship with the Public Investment Fund (PIF), the Saudi Arabia sovereign wealth fund that is backing LIV Golf. Since its inception in 1950, the LPGA Tour has operated in the shadow of the men’s game and the economic and popularity disparities between the two organizations are certain to widen with the infusion of PIF money.
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Hajj pilgrimage starts in Saudi Arabia, with 2 million expected after lifting of COVID measures
Some 2 million Muslim pilgrims officially began the annual Hajj pilgrimage on Monday, making their way out of Mecca after circling Islam’s holiest site, the Kaaba, and converging on a vast tent camp in the nearby desert for a day and night of prayer. One of the largest religious gatherings in the world has returned to full capacity this year for the first time since the onset of the coronavirus pandemic three years ago. The pilgrimage is one of the five pillars of Islam, and all Muslims are required to make the five-day Hajj at least once in their lives if they are physically and financially able to do it.
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Arbitration in the Kingdom of Saudi Arabia Part 3 – The SCCA Arbitration Rules 2023
Following Mayer Brown and Al Akeel & Partners’ alliance in May 2022, we are delighted to launch this joint series about arbitration in the Kingdom of Saudi Arabia.
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Biden adviser in Saudi Arabia as part of Israel normalization push
Amos Hochstein, President Biden's senior adviser for energy and infrastructure, is visiting Saudi Arabia this week for talks with senior Saudi officials, two sources familiar with the trip tell Axios. Why it matters: Hochstein’s trip is part of the diplomatic push by the White House to try to reach a set of agreements that would upgrade U.S.-Saudi relations and include a normalization deal between Saudi Arabia and Israel.
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Saudi Arabia charts the first-ever coastal tourism map of Red Sea
Tourists traveling to The Red Sea Project can expect better mobility and accessibility options as Saudi authorities are developing the Kingdom’s first geographical navigation map that charts the scope of marine tourism in the coastal area. The Saudi Red Sea Authority and the General Authority for Survey and Geospatial Information have partnered with 19 government agencies to develop the first-ever coastal tourism map of the Red Sea.
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Who’s Who: Hadeel Biyari, first Saudi Indirect Tax Partner at Deloitte Middle East
Hadeel Biyari is the first Saudi Indirect Tax Partner at Deloitte Middle East, where she also serves as the firm’s KSA Indirect Tax Controversy and Litigation Leader. In these prominent roles, Biyari's responsibilities are multifaceted. She drives business development initiatives, identifies opportunities for revenue expansion, keeps abreast of the ever-evolving indirect tax laws and regulations, and imparts thought leadership to clients seeking expert guidance.
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