MUST-READS

• Saudi Arabia to play in 2025 and 2027 CONCACAF Gold Cups

  Saudi Arabia was announced Thursday as an invited guest for the CONCACAF Gold Cup in 2025 and 2027, eight days after it was selected to host the 2034 World Cup. The 16-nation Gold Cup, soccer's championship of North and Central America and the Caribbean, will be played next year at 14 sites in 11 areas in the U.S. and Canada from June 14 to July 6. Previous guests included Brazil (1996, 1998, 2003), Colombia (2000, 2003, 2005), Ecuador (2002), Peru (2000), Qatar (2021, 2023), South Africa (2005) and South Korea (2000, 2002).

• From Riyadh to the world: How Turki Al-Sheikh is transforming Saudi Arabia into a global entertainment hub
  Al-Sheikh has revitalised boxing in ways once thought impossible. He bankrolled high-profile fights and broke through negotiation stalemates between the various boxing promoters who control the sport by offering unprecedented sums of money thanks to the deep pockets of the Saudi state. He was even able to secure a heavyweight showdown between Tyson Fury and Oleksandr Usyk – the first undisputed heavyweight title bout of this century. Riyadh has now been the site of several major boxing events that have reshaped the sport. The British newspaper 'The Telegraph' crowned al-Sheikh as "the most influential man in boxing," and fans and media have affectionately dubbed him "His Excellency."

• Saudi Arabia airports introduces the world’s largest passenger flow technology rollout

  Saudi Arabia’s General Authority of Civil Aviation (GACA) and airport operator MATARAT are rolling out an advanced LiDAR and passenger flow management solution across the country’s 27 airports, the world’s largest implementation of its kind, as part of the Kingdom’s vision to lead the region in airport technology and innovation.  SAMI Advanced Electronics, a leading Saudi ICT provider, has partnered with DTP to deliver the solution, which uses Veovo’s Queue and Flow Management system alongside DTP’s tNexus smart mobile platform. This collaboration provides insights into passenger movement, dwell times, and queuing patterns within terminals. With millions of travellers passing through Saudi airports each year, this system will help GACA and MATARAT proactively address bottlenecks in critical areas such as check-in, immigration, security, and transfer zones, thus reducing delays and enhancing the passenger experience

• Final Real Estate Transaction Tax Law Published in Saudi Arabia

  On 11 October 2024, the Real Estate Transaction Tax (RETT) Law in Saudi Arabia (RETT Law) was published in the official gazette. The RETT Law will take effect in 180 days from the publication date. New implementing regulations are also expected to be issued within this timeframe to replace the existing implementing regulations. RETT was introduced in Saudi Arabia in October 2020, through implementing regulations and applies on the sale or transfer of real estate property in the Kingdom of Saudi Arabia (KSA) at the rate of 5%. Notwithstanding applicable exemptions, all real estate property transfers, including indirect transfers, should fall within the scope of RETT, regardless of the form or use of the real estate property.

• Women Driving in Saudi Arabia: Female Perceptions Five Years after Lifting of the Ban

  Survey findings suggest most women agree that there has been vast improvement, but they insist that the battle for equality is far from over. Indeed, there has been some resistance to the reforms among those who see the changes as pandering to the West. Overall, though, the survey findings suggest that the majority of women in Saudi Arabia want more rights, more women in leadership roles, more safety that they do not feel they have under the male guardianship system, and to be viewed as equal to their male counterparts.

• Biggest Retail Footprint At Sea Opens On Saudi Arabian Cruise Ship

  Saudi Arabia’s first cruise line has set a new retail benchmark by launching a ship with more than 17,250 square feet (1,603 square meters) of shopping space on board. This is claimed by retail concessionaire Gebr. Heinemann to be a new record in the global cruise sector. The vessel will also be the first to offer a fully fledged web store. Cruise Saudi’s new ship is the 1,099-foot-long Aroya, boasting 1,678 cabins and carrying up to 3,362 passengers. In terms of length it is only slightly shorter than Royal Caribbean International’s Icon- and Oasis-class ships which are the biggest at sea and have roughly double Aroya’s capacity (at 6,700 to 7,600 passengers).

   

• Carbon dioxide utilization in the desalination sector in Saudi Arabia: An opportunity for achieving negative emissions

  Recent work has characterized the Kingdom’s geological carbon dioxide (CO2) potential as around 445 gigatons (Gt), but to date, there has been no detailed analysis of the CO2 utilization potential in the Kingdom. Current research at KAPSARC aims to review existing and emerging CO2 utilization routes relevant to Saudi Arabia. This paper focuses on evaluating the untapped potential for CO2 utilization in the Kingdom’s desalination sector and explores the potential of this sector to become a carbon sink, thus contributing to carbon dioxide removal (CDR).

• 2034 World Cup in Saudi Arabia: What to expect

  In Saudi Arabia's bid report, they detail that the weather in June and July in major cities like Riyadh and Jeddah would be between 32 and 38 degrees Celsius (89.6 and 100.4 degrees Fahrenheit ) — conditions that are not conducive to playing. Temperatures in the country are at their mildest between October and April, which poses a challenge to organizers. Furthermore, tournament organizers will also have to consider Ramadan, the Muslim month of fasting and prayer taking place from mid-November to mid-December in 2034. With the global player's union FIFPro currently going after FIFA because of an overloaded playing calendar, football's world governing body will have to manage the complicated European playing schedule, especially with the reformed Champions League format now including games in January.

• Saudi Arabia’s localization plan is reshaping consultancy sector – and more beyond

  As Saudi Arabia embarks on a journey aimed at boosting job opportunities for citizens, the localization plan for consultancy professions and businesses plays a crucial role. In October 2022, the Kingdom’s Ministry of Human Resources and Social Development issued a decision mandating that from the end of March 2024, 40 percent of workers in firms in this sector must be Saudi nationals.  The decision targeted all professions in the sector, most notably financial advisory specialists, business advisers, and cybersecurity advisory specialists, as well as project management managers, engineers, and specialists. This targeted localization, or Saudization, is part of the cooperation between the Ministry of Human Resources and Social Development and supervising bodies, represented by the Ministry of Finance, the Local Content and Government Procurement Authority, the Expenditure and Project Efficiency Authority, and the Human Resources Development Fund.

• Saudi Arabia Taps Aramco Oil Field Brine in Lithium Battery Push

  Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter. The country, in the midst of revamping its economy to prepare for a post-oil world, is running two projects to test lithium production methods as part of a plan to develop materials for electric car batteries, Khalid Al-Mudaifer, the vice-minister for mining, said in an interview this week. The country is planning additional ventures, he said. Separately, Saudi Aramco is working on a joint project to extract lithium from brine taken from oil fields, the state energy giant said in an e-mailed response to questions. The presence of lithium and its concentrations and the prospects for extraction are being evaluated, the company said. Aramco is working with the King Abdullah University of Science and Technology.

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