Recent stories from sustg

MUST-READS

  • Investment Opportunities in Saudi Arabia, Egypt, UAE Shift Attention Away from Africa

    SELECT operates in 26 different countries, including Scotland and the United States. It specializes in technology infrastructure, data science, water, and investment. However, it recently shifted its investment activities and focused on three Arab markets, namely Cairo, Riyadh and Abu Dhabi, despite having a branch in Morocco targeting the African market.

  • 30 French Companies to Explore Investment Opportunities in Saudi Entertainment Sector

    A total of 100 business owners and specialized Saudi companies in the entertainment sector and the national entertainment committee at the federation are planned to participate in a meeting with the French delegates to go over opportunities of holding commercial and investment partnerships between the two sides and to consider available opportunities in the entertainment sector in the Kingdom of Saudi Arabia.

  • Construction has begun on Lucid EV factory in Saudi Arabia: Investment minister

    Construction has begun on the Lucid Motors electric vehicle factory in Saudi Arabia, the Kingdom’s Minister of Investment said on Wednesday.

  • Aramco CEO warns of global oil crunch due to lack of investment

    "The world is running with less than 2% of spare capacity. Before COVID the aviation industry was consuming 2.5 million bpd more than today. If the aviation industry picks up speed, you are going to have a major problem," Nasser told Reuters on the sidelines of the World Economic Forum in Davos.

  • Saudi Arabia’s Future Investment Initiative Invests in Timbeter

    Saudi Arabia’s Future Investment Initiative (FII) Institute announced an investment of €500,000 in Tallinn, Estonia-based Timbeter, a green tech company. To increase supply chain transparency, sustainability and certification, in line with ESG processes, Timbeter provides an AI-driven photo-optics application that accurately determines the quantities of logs in an area with precise length and diameter. This technology is key to a more proactive management of forests and a more sustainable sector. The FII Institute is a global non-profit organisation launched in 2019.

  • Emerging market investments are shrinking. How will MENA countries hit FDI targets? 

    The Goldilocks moment experienced in markets over the past couple of years is subsiding. Geopolitical risk, inflation, and US interest rates are all rising. In addition, two crucial macroeconomic trends will impact the future capital flows to emerging markets. First, globalization policies that have focused overwhelmingly on cost efficiency and rationalization will now focus on resiliency and values-based investments.

  • Emerging market investments are shrinking. How will MENA countries hit FDI targets? 

    A US economic slowdown or a recession couldn’t come at a worse time for emerging markets, particularly those in MENA, where most are fighting chronic unemployment, especially among youth and women, slowing growth, and higher debt levels. Large oil-exporting countries in the Gulf Cooperation Council (GCC)—such as Qatar, Saudi Arabia, and the United Arab Emirates (UAE)—are better positioned given heightened commodity prices. However, their lack of interest rate autonomy given the dollar peg limits their ability to deviate their monetary policy from that of the United States.

  • Saudi Arabia’s $100 Billion Investment in Aviation to Enable ATM Upgrades, New Airline and Airspace Entrants

    "The global Digital Health Certificate (DHC) is defined here as a globally standardised travel document that would be delivered at the national level by health authorities in electronic format and include the vaccine information of passengers. The DHC would be recognised by all domestic applications (to be QR readable)," GACA writes in the white paper.

  • Saudi Arabia aiming for $100bn aviation investment; launch new airline: Minister Saleh Al-Jasser

    He told the Forum: “From a commercial aviation perspective, there are lots of opportunities when it comes to the new carrier within Riyadh. "The most important is the ecosystem that is around it. To have a solid ecosystem and a multiplier effect, to make sure we drive that into a leading hub within the region.” Ismael added that the country has launched a helicopter company to enable tourism in the Giga projects — NEOM, The Red Sea Project and Amaala.

  • Saudi energy minister blames lack of investment for surge in fuel prices

    The prince, speaking at an aviation summit in Riyadh, said the world needed to look at energy security, sustainability and affordability as a whole. "All mobility fuels have skyrocketed ... and the gap between crude prices and these products in some cases is actually 60%," he said.