SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

  • Prince Mohammed bin Salman Royal Reserve
    • August 9,2024
    • •
     

    Covering 24,500 KM2, the Prince Mohammed Bin Salman Royal Reserve is located south of Neom in northwestern Saudi Arabia. It covers 1% of Saudi Arabia’s terrestrial area and 1.8% of its marine area, it is home to over 50% of the Kingdom’s marine and terrestrial species.

     
  • Halo Space Preparing For Saudi Arabian Stratospheric Test Flight
     

    Spanish company HALO Space is developing a new form of space travel called stratospheric ballooning. This involves using a large helium-filled balloon to carry a pressurized capsule carrying passengers up to the stratosphere, which is about 35 kilometers 922 miles) above the Earth’s surface.

     
  • Saudi Arabia announces Labor Law amendments to improve work environment
     

    The Ministry of Human Resources and Social Development said the new amendments encompass 38 articles, deleting seven articles, and adding two new articles to the Labor Law. The new amendments will be effective after 180 days from the date of their publication in the official Gazette.

     
  • Saudi Solar Power capacity picking up speed
     

    GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035. 

     
  • The 966, Episode #134 – Saudi Arabia’s Booming Construction Sector with Laura Morgan, Market Intelligence Lead, MEA, JLL
     

    Laura Morgan, Market Intelligence Lead, MEA, JLL joins The 966. Episode #134 to discuss Saudi Arabia’s Booming Construction Sector. 

     
  • FIFA World Cup 2034 to feature 11 new stadiums (out of 15)
     

    The Fédération Internationale de Football Association (FIFA) has unveiled details of Saudi Arabia’s bid to host the largest-ever edition of the FIFA World Cup held in a single country. The official bid, under the slogan “Growing. Together”, outlines Saudi Arabia’s extensive plans and infrastructure projects.

     
  • U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
     

    The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.

     
  • KSA sets air traffic records
     

    Saudi Arabia has witnessed remarkable growth in its air traffic during the first half of 2024, according to the General Authority of Civil Aviation (GACA). The Kingdom has reported a significant growth in passenger traffic, flights, air cargo, and connectivity.

     
  • Aquaculture in KSA
     

    Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.

     
  • NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration
     

    The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf […]

     

MUST-READS

  • Warring Sudanese factions fight on after failing to agree truce

    A so-called declaration of principles was signed in Saudi Arabia late on Thursday after nearly a week of talks between the two sides, but neither has yet released statements acknowledging the deal.

  • Saudi awarded contracts up 35% in 2022

    Awarded public contracts in Saudi Arabia jumped by nearly 35 percent in 2022 to one of its highest levels in recent years, according to a local report. The value of such contracts stood at nearly 192.4 billion Saudi riyals ($51.3 billion) last year following a sharp rise in awarded projects in the first quarter, showed the report by the Saudi-American Business Council. The report, published by the London-based Saudi daily Asharqalawsat, showed public contracts awarded in the first quarter of 2022 soared by nearly 37 percent over the same period of 2021. The value of the contracts stood at around SAR 71.5 billion ($19.

  • Sudan crisis: Saudi Arabia to host first talks between warring military factions

    The rival military factions fighting for control in Sudan are to hold face-to-face talks for the first time since fighting began last month. The meeting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) is aimed at ending the unrest and will take place in the Saudi city of Jeddah, according to Saudi Arabia and the United States. Clashes began on April 15 and since then a series of truces have collapsed. Saudi Arabia and the US have welcomed the start of the “pre-negotiation” discussions, to take place on Saturday, and called on both factions to “actively engage in the talks towards a ceasefire and end to the conflict.”

  • Saudi Arabia awards SR192.4 billion Contracts in 2022

    The remarkable growth during Q4’22 brings the total value of awarded contracts in 2022 to SAR192.4 billion ($51.3 billion), reflecting a 35 percent increase over 2021.

  • Alkhorayef Water is awarded $432 million O&M contracts in Saudi Arabia

    Saudi Arabia’s National Water Company (NWC) has awarded Alkhorayef Water and Power Technologies long-term operations and maintenance (O&M) contracts for three sewage treatment plants in Riyadh, reports ZAWYA. In a statement to the Saudi stock exchange, Alkhorayef Water said the 15-year contracts are worth 1.62 billion Saudi riyals ($431.84 million).

  • Aramco awards major offshore contracts in production expansion push

    Saudi energy giant Aramco has awarded major offshore contracts amid aggressive investment push to scale up output. A pairing of Indian engineering giant Larsen & Toubro (L&T) and Oslo-listed Subsea 7 last month landed multiple EPC contracts from Saudi Aramco under the latter’s long-term agreement (LTA) framework to which a select group of international contractors have access.

  • Saudi: Red Sea Global awards key Amaala marina village contracts

    Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has awarded two major new contracts for the first phase of development at Amaala’s Triple Bay Marina Village to construction firm Saudi Arabian Baytur. The contracts include work on Red Sea Global’s marine life institute - the world’s first fully immersive experiential marine life center – plus its Yacht Club. As per the deal, Baytur will be responsible for the construction and oversight of numerous aspects of Triple Bay Marina Village and marine life institute, including structural concrete, dewatering, earthworks, and back of house finishes.

  • Saudi’s Luberef awards $148m EPC contract for Yanbu Growth II Expansion Project

    Saudi Aramco Base Oil Co. (Luberef) announced in a statement that it has signed an engineering, procurement and construction (EPC) contract for Yanbu Growth II Expansion Project. The Contract was signed with Petrojet Co. The total value of the contract is SAR 555 million.

  • Diriyah Gate-Binyah contract worth $145m awarded in Saudi Arabia

    Yet another Diriyah Gate-Binyah contract has been confirmed in Saudi Arabia this week. Saudi Real Estate Company’s (Al Akaria) said its subsidiary Saudi Real Estate Infrastructure Company (Binyah) has been awarded a $145 million Diriyah Gate Company contract to design, construct, test and commission the Northern Cultural District’s P3 car park project.

  • Middle East construction activity shows positive upward trend in Q4 2022

    The headline index edged up to +25 from +20 previously. Saudi Arabia and Nigeria displayed amongst the strongest CAI readings relative to all other countries covered. The UAE and India also exhibited firmly positive returns for the headline activity measure.