SUSTG.com / Research

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

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

  • New Body in Saudi Labor Ministry Created to Fight Rising Unemployment in Saudi Arabia
     

    Saudi Arabia’s cabinet announced the creation of a new body within the labor ministry to combat an increase in joblessness in Saudi Arabia and a seeming reluctance by Saudis to take available jobs, according to a report. Unemployment in Saudi Arabia has risen slightly since the announcement of Saudi Arabia’s Vision 2030 and National Transformation Program, […]

     
  • Saudi Crown Prince Reassures Foreign Investors after Corruption Crackdown
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom’s crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety. The secretive nature of the arrests and concerns over political motivations have worried local and foreign business leaders. More than 300 people, among them royals, politicians and […]

     
  • Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up
     

    The head of the Russian Direct Investment Fund (RDIF) said in Riyadh today there is “significant interest” to invest in the forthcoming Aramco IPO from Russia and from China, according to reports. Several banks and other groups in Russia are interested in investing in shares of Aramco, according to Bloomberg, which reported comments from Kirill Dmitriev, chief […]

     
  • New Benefits to Offset Reform Costs for Average Saudi Household, Merrill Lynch Says
     

    The average Saudi household will be sheltered from tough economic reforms by new royal grants and household allowance disbursements, a report on the Saudi economy by Bank of America Merrill Lynch (BofAML) said. “The combination of royal grants and Household Allowance disbursements more than fully shelter Saudi households from the costs of fiscal reform costs, which […]

     
  • Development on Jeddah Tower and Surrounding Economic City Moves Forward After Alwaleed’s Release
     

    Construction of what is planned to be the world’s tallest skyscraper in Jeddah is going ahead following the release of Saudi Arabia’s Prince Alwaleed bin Talal, the head of the consortium behind the $1.5 billion project said. Mounib Hammoud,  chief executive of Jeddah Economic Co (JEC), said in an interview that the project will ideally be completed […]

     
  • Saudi Economy to See 1.5% Growth in 2018, Jadwa Says
     

    The Saudi Arabian economy will grow by an estimated 1.5 percent in 2018, up from a contraction in 2017 of -0.7 percent, according to a new report from Riyadh-based economic analysts at Jadwa Investment. “The oil sector will see the largest improvement in the year ahead, rising to 1.5 percent in 2018, compared to a decline […]

     
  • Saudi Arabia’s Crackdown on Corruption has Netted the Government Over $106 billion; 56 Suspects Still in Custody
     

    Saudi Arabia’s crackdown on corruption has netted the government over $106 billion, according comments from the official in charge of the effort. Attorney General Sheikh Saud Al-Mojeb said on Tuesday that 56 corruption suspects were still in custody out of a total of 381 people detained on graft charges. According to the Saudi Gazette, the […]

     
  • New Turmoil in Yemen as Separatists Surround Presidential Palace in Aden
     

    Infighting between forces supported by the Saudi and UAE-led coalition in Yemen to restore power to the legitimate government in Yemen is threatening to derail the larger campaign against the Iran-aligned Houthi rebels, according to reports. Clashes broke out between the two once-friendly sides in Aden, Yemen this week, where the pro-Saudi elected government of […]

     
  • At Davos, Saudi Leaders Discuss Energy, Foreign Policy on World Stage
     

    Saudi government leaders arrived to Davos, Switzerland for the annual World Economic Forum to meet with other world leaders and discuss key foreign policy and energy challenges facing the Kingdom. The 48th Annual Meeting in Davos will host 3,000 participants across all stakeholder groups including public & private sectors, civil society, academia, media, and arts & culture. The Saudi delegation is led […]

     
  • Saudi Arabia Announces 9 New Desalination Plants in 18 Months
     

    Saudi Arabia said it would build 9 new desalination plants in the next 18 months on the Red Sea coast, according to an announcement by the Saudi Minister of Environment, Water and Agriculture, Eng. Abdulrahman al-Fadhli. The new plants will cost SAR 2 billion ($533 million). The minister said the plants would be built “using modern techniques” […]

     

MUST-READS

  • Saudi Arabia firmly rejects extremist Israeli statements on displacing Palestinians

    The Saudi Council of Ministers reiterated its firm rejection of extremist Israeli statements regarding the displacement of the Palestinian people. Crown Prince and Prime Minister Mohammed bin Salman chaired the Cabinet session in Riyadh on Tuesday. In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said that the Cabinet, while discussing the latest regional and international developments, reaffirmed the centrality of the Palestinian cause to Saudi Arabia and stressed that lasting peace can only be achieved through the acceptance of peaceful coexistence based on a two-state solution.

  • No alcohol at 2034 World Cup, says Saudi ambassador

    No alcohol will be allowed at the 2034 World Cup in Saudi Arabia, says the country's ambassador to the United Kingdom. In an interview on LBC, Prince Khalid bin Bandar Al Saud said alcohol would not be sold anywhere during the tournament, including hotels.  "At the moment, we don't allow alcohol," Prince Khalid told LBC. "Plenty of fun can be had without alcohol - it's not 100% necessary and if you want to drink after you leave, you're welcome to, but at the moment we don't have alcohol." Asked whether that meant fans would be able to drink once they returned their hotels, as was the case at the 2022 World Cup in Qatar, he added: "No, there is no alcohol at all."

  • Trump poised to attend Saudi-backed conference in Miami in February, sources say

    U.S. President Donald Trump is scheduled to attend a meeting of global financiers and tech executives hosted by Saudi Arabia's sovereign wealth fund in Miami later in February, according to several people with knowledge of the event. Trump's participation would come after Saudi Arabia condemned his call to displace Palestinians from Gaza as part of a U.S.-led rebuilding plan. It also follows Trump's call in January for Riyadh to invest $1 trillion in the U.S. - a figure about matching the size of the Saudi PIF sovereign fund's assets.  According to the people, who spoke to Reuters on condition of anonymity, Trump is scheduled to deliver an in-person address at the gathering. A Riyadh-based representative for the FII Priority summit, opens new tab, scheduled for February 19 to 21, declined to comment. Representatives for the U.S. embassy in Riyadh didn't immediately respond to a request for comment.

  • Saudi Arabia aims to become mining powerhouse

    Saudi Arabia is making significant investments in exploration to discover new mineral deposits. Al-Mudaifer noted the increase in exploration companies operating in the country: "The number of companies on exploration has increased in Saudi Arabia from 23 in 2023 to 132, 4 times in just one year because the potential is there and the enablement is here." To support exploration efforts, the Kingdom has launched a regional geological survey and established exploration incentives. "We have completed most of it," Al-Mudaifer said about the survey. "65% of the data that we acquired is in our national geoscience database." The country also provides financial support to exploration companies, covering up to 25% of their initial costs.

  • Saudi Arabia Releases New Hajj 2025 Rules for Pilgrims

    Saudi Arabia has introduced significant changes for the 2025 Hajj pilgrimage, aiming to improve safety and streamline the experience for all attendees. One of the most notable updates is a new rule prohibiting children from accompanying pilgrims. This decision was made by the Ministry of Hajj and Umrah to protect young children from the risks associated with overcrowding, which is a common challenge during this highly anticipated annual event. In an effort to make the Hajj experience more accessible, Saudi Arabia has announced that first-time pilgrims will be given priority for the 2025 season. The goal is to ensure more Muslims can fulfill this sacred journey at least once in their lifetime. This decision highlights the government's commitment to making Hajj a once-in-a-lifetime opportunity for as many people as possible.

  • Saudi crown prince, Russia’s wealth fund chief were involved in US prisoner release, source says

    Saudi Crown Prince Mohammed bin Salman and Russia's sovereign wealth fund chief Kirill Dmitriev were involved in negotiations for the release of U.S. teacher Marc Fogel from a Russian prison, a source close to the negotiations between Russia and the United States told Reuters on condition of anonymity. The Kremlin could not be reached for immediate comment. The Saudi embassy in Moscow did not immediately reply to a request for comment. The Saudi crown prince, also known as MbS, helped to negotiate the biggest U.S.-Russian prisoner swap since the Cold War in August 2024.

  • Saudi Arabia’s Texas Refinery Just Made a Power Move

    While some U.S. refiners are scaling back, Saudi Arabia’s Motiva Enterprises just made a power move. The Saudi Aramco-owned refinery in Port Arthur, Texas, has quietly expanded its capacity, now processing a record 654,000 barrels per day—officially making it the largest refinery in the United States above Exxon’s Beaumont and Marathon’s Galveston Bay. Motiva pulled this off without a flashy billion-dollar project—just good old-fashioned optimization, removing bottlenecks in the system to squeeze out more production. And they did it at a time when smaller, less efficient refineries are dropping like flies. LyondellBasell’s Houston plant is closing. Phillips 66’s Los Angeles refinery is shutting down.

  • AGI by 2050 tops Saudi R&D goals

    Developing national Artificial General Intelligence (AGI) by 2050, tops the list of Saudi Arabia’s ambitious R&D goals, according to a presentation made at LEAP25 by Acting Head of RDIA (Research, Development and Innovation Authority) Dr. Mohammed Alotaibi on Wednesday. AGI is one of three ‘moonshot' goals identified in the RDIA’s ‘Innovation Outlook in Economies of the Future”, a guiding framework to align, communicate and shape the Kingdom’s research agenda. The first national R&D moonshot goal is to  establish five cognitive cities across Saudi Arabia by 2040; the second is to develop a scalable, fault tolerant quantum computer by 2045; and the third moonshot goal is to develop aligned artificial general intelligence by 2050. Additionally, the RDIA launched strategic alliances in fields of autonomous logistics, quantum computing, and AI-driven healthcare, alongside major investments in semiconductor manufacturing.

  • Neuralink competitor Paradromics secures investment from Saudi Arabia’s Neom

    Texas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia’s Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region. Paradromics is building a brain-computer interface, or a BCI, which is a system that deciphers brain signals and translates them into commands for external technologies. The company will work with Neom to “advance the development of BCI-based therapies” and set up the “premier center for BCI-based healthcare” in the Middle East and North Africa, it said in a release.

  • Saudi Arabia’s First Luxury Train Is A Moving Oasis Of High Design

    From Italy’s new La Dolce Vita Orient Express to the United Kingdom’s new Britannic Explorer, luxury rail travel is having a global renaissance, and the Middle East is about to get in on the action with Dream of the Desert, a new 14-carriage luxury train coming in 2026. Unveiled by Saudi Arabia Railways (SAR) and Arsenale (the Italian hospitality house behind Accor’s upcoming La Dolce Vita Orient Express train), this five-star rolling masterpiece promises to define high-end rail travel across the Arabian Peninsula.