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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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Saudi Arabia’s Tourism Ambitions in the Spotlight as WTTC 2022 Global Summit Wraps
- December 1,2022
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- SUSTG Team
Saudi Arabia’s tourism ambitions were in the global spotlight this week as the 22nd World Travel and Tourism Council Global Summit took place in the Saudi capital from November 28th – December 1st.
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Jadwa Chartbook: Saudi Arabia’s Growth Streak Continues with Non-Oil PMI Increasing on ‘Higher New Orders and Business Optimism’
- November 30,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
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Riyad Capital Sees 2022 Non-Oil Economy Growth in Saudi Arabia at 5.2% in 2022 and 4.3% in 2023
- November 29,2022
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- SUSTG Team
Saudi-based investment bank Riyad Capital said Saudi Arabia’s non-oil economy is projected to grow of 5.2% in 2022 and 4.3% in 2023, Hans Peter Huber, Chief Investment Officer, said in a report.
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An ‘Aerotropolis’: Saudi Arabia Plans to Build One of the World’s Largest International Airport’s in Riyadh Named After King Salman
- November 28,2022
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- SUSTG Team
Saudi Arabia plans to build one of the world’s largest airports in the capital Riyadh, named after King Salman, which will be capable of handling 185 million passengers a year and eventually powered by renewable energy, according to a statement from Saudi Arabia’s Public Investment Fund and reported widely by news outlets.
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Saudis Celebrate Historic Win Against Argentina at Qatar World Cup with National Holiday
- November 23,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz declared Wednesday as a public holiday after the Saudi soccer team beat Argentina in the World Cup on Tuesday in a thrilling and historic upset that will long be remembered and celebrated by Saudis.
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Saudi Arabia Stuns World With Upset Win Over Argentina in Qatar World Cup Opener; King Salman Declares Wednesday a Holiday
- November 22,2022
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- SUSTG Team
In what some analysts are already classifying as one of the greatest upsets in the history of the World Cup, Saudi Arabia stunned tournament favorite Argentina, 2-1, in its opening match at Lusail Stadium in Doha.
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Oil Prices Fall as WSJ Reports OPEC is Considering an Output Increase on December 4
- November 21,2022
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- SUSTG Team
Saudi Arabia and other OPEC countries are discussing an oil output increase to be determined at its next meeting, the Wall Street Journal reports, “a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry over the Ukraine war.”
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AGSIW’s Robert Mogielnicki joins the 966, MBS Goes to Asia, World’s Population Reaches 8 Billion, and more
- November 18,2022
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- SUSTG Team
Robert Mogielnicki from AGSIW and adjunct professor at Georgetown and GWU joins The 966 to talk NEOM, the PIF, the Saudi economy and so much more. The hosts talk about our neighbors – all 8 billion of them and counting – on planet Earth as the world’s population passes 8 billion. Lucien’s one big thing […]
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Mancini denies interference in his former Saudi Arabia job
Roberto Mancini on Thursday dismissed claims that he had encountered interference during his spell at the helm of the Saudi Arabia national soccer team. The 60-year-old Italian left his position on Oct. 24, some 14 months after taking over from Herve Renard, who is now leading the team at the Arabian Gulf Cup held in Kuwait. Under Mancini, the Saudis were knocked out of the Asian Cup in the last 16 earlier this year after losing in a penalty shootout to South Korea. “I would like to say this for the last time, during my career there was absolutely no interference in the selection of players and I am happy with my experience and work in Saudi Arabia,” he posted on the X social media platform.
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Saudi Arabia Prefabricated Buildings Industry Report 2024: Regional Insights, Competition, Forecast & Opportunities, 2019-2029
The Saudi Arabia Prefabricated Buildings Market was valued at USD 2.23 Billion in 2023, and is expected to reach USD 3.52 Billion by 2029, rising at a CAGR of 7.73%. The Prefabricated Buildings market encompasses the production, distribution, and utilization of structures that are manufactured off-site and assembled on-location.
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Rafael Nadal on post-retirement goals, promoting tennis in Saudi Arabia and his ATP Finals regret
Part of Nadal’s future involves helping promote tennis in Saudi Arabia as an ambassador for the Saudi Tennis Federation, a role he took on back in January. Last week, he spent three days in Jeddah immersing himself in the tennis community in the Red Sea city, and learning more about Saudi culture. He attended the Next Gen ATP Finals at King Abdullah Sports City, took part in daily meet-and-greets, engaged with hundreds of kids in tennis clinics, took part in the award ceremony of an under-14 Asian tennis tournament, met the Saudi Davis Cup team as well as a group of junior wheelchair players, spoke at a coaches’ conference, and lots more. It was Nadal’s third visit to the kingdom – and first time in Jeddah – and he is still learning more about the tennis landscape there. “For me, it’s an opportunity, first of all, to know a different culture,” said Nadal of why he decided to become an STF ambassador.
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Saudi Arabia considers purchasing 100 KAAN fighter jets from Türkiye: Media
Saudi Arabia is reportedly evaluating the acquisition of 100 KAAN fifth-generation fighter jets from Türkiye, signaling a potential deepening of defense industry cooperation between the two nations. According to a report by Milliyet, high-level discussions have been held in Istanbul between Turkish and Saudi defense officials, including head of the Presidency of Defense Industries Haluk Gorgun, Saudi Deputy Minister of Defense Khaled Bin Hussein Al Biyari, and Saudi Air Force Commander Turki bin Bandar Al Saud. The meetings, which span three days, are aimed at establishing collaboration on large-scale defense projects such as KAAN, Türkiye’s indigenous fifth-generation fighter jet.
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Saudi Arabia leverages project management to achieve Vision 2030 milestones
Saudi Arabia’s success under Vision 2030 is evident across several key sectors. With 87 percent of initiatives either completed or on track, the Kingdom has made significant strides in improving its business environment, generating employment, and advancing major projects like NEOM and the Red Sea Project. Badr Al-Dulami, deputy minister of transport and logistics services for roads affairs, described project management as the “pulse of transformation,” underscoring its role in fostering competitiveness and innovation.
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UAE residents cut Umrah costs by up to 50% with Saudi Arabia’s transit visa, stopover option
Some UAE residents are taking advantage of Saudi Arabia's stopover visa to perform Umrah while travelling on vacation or business, allowing them to cut costs by as much as 50 per cent. “They wanted to perform Umrah while they were here in the UAE. Initially, I applied for an Umrah visa, but my travel agent suggested the stopover visa as a more economical option,” said Abdel Hadi, who is a social worker. "With the transit visa, we completed the pilgrimage for just Dh8,000, including accommodation, food, and flight tickets,” Abdel Hadi said. They travelled by train from the Jeddah airport to the holy city of Makkah and then from there to the holy city of Madina.
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Executions in Saudi Arabia rise sharply in 2024
Saudi Arabia executed 330 people in 2024, the highest number in decades, despite de facto ruler Mohammed bin Salman’s 2022 assertion that the death penalty had been eliminated except for murder cases under his vision for a new open kingdom. The latest execution toll, compiled from execution announcements by human rights non-governmental organisation Reprieve and verified by Reuters, is a big jump from the 172 total for 2023 and 196 for 2022.
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Saudi Arabia’s $100 Billion Alat Initiative: A Transformative Year for AI and Advanced Tech
Saudi Arabia’s rapid evolution offers significant opportunities for global technology providers in areas such as: Cloud Infrastructure and Migration: The Kingdom is building a robust cloud ecosystem, supported by heavy investments in infrastructure and migration. Cybersecurity and Resilience: As digital transformation accelerates, demand for advanced cybersecurity solutions is surging. Technology Modernization: The shift to cutting-edge solutions across industries presents opportunities for tech modernization providers. Robotic Process Automation: Saudi Arabia’s emphasis on industrial automation opens doors for RPA technologies in manufacturing and beyond. Data Engineering and Intelligence: With a focus on AI, the need for data solutions that enable predictive analytics and decision-making is growing rapidly.
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Who were Saudi Arabia’s biggest sports stars of 2024?
As the sports landscape in Saudi Arabia continues to shift and develop, more heroes than ever before are emerging across a variety of sports – their athletic achievements helping put the Kingdom on the sporting map. In a year that saw the Olympic Games take place in Paris, there were several new faces who saw their reputations explode – as well as some established names who consolidated their sporting celebrity. Here Al Arabiya English rounds up the biggest Saudi sports stars of 2024.
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The Architect of Saudi Arabia’s Investments
Born in Saudi Arabia, Yasir Al-Rumayyan earned a degree in accounting from King Faisal University and later attended Harvard Business School’s Program for Management Development. His education equipped him with a strong foundation in financial management, which he applied early in his career at prominent institutions like the Saudi Hollandi Bank, where he gained experience in asset and risk management. Al-Rumayyan’s rise in the financial sector was swift. He joined the Capital Market Authority (CMA) of Saudi Arabia, where he played a key role in developing the kingdom’s financial markets. This experience solidified his reputation as a forward-thinking leader capable of navigating complex economic landscapes.
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