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Minister of Investment leads investor delegation to Pakistan
- October 11,2024
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- SUSTG Team
A Saudi investor delegation headed by Minister of Investment Khalid Al-Falih is concluding a three-day visit to Pakistan. The delegation includes officials and companies from various sectors including energy, mining, minerals, agriculture, business, tourism, industry and manpower.
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Saudi Box Office update
- October 8,2024
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- SUSTG Team
With the second edition of the Saudi Film Confex occurring in Riyadh October 9-12 the Saudi box office and movie-goer numbers in 2024 are down but less so than global averages.
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GCC FMs meet to discuss escalating tensions in region
- October 4,2024
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- admin
With tensions escalating in the region top foreign ministry officials from each GCC state met in Doha, Qatar to discuss the crisis and assess policies.
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2024 Saudi Games kick off!
- September 30,2024
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- SUSTG Team
The Saudi Games is the largest national sporting event held in Saudi Arabia. The third annual Saudi Games kicked off on September 29 and will run to October 17, 2024.
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Saudi Arabia forms global alliance in support of Israeli-Palestinian two-state solution
- September 30,2024
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- SUSTG Team
European, Arab and Islamic nations have launched an initiative to strengthen support for a Palestinian state and its institutions, and prepare for a future after the war in Gaza.
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Middle East accounts for 7.5% of global crypto volume
- September 27,2024
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- SUSTG Team
According to Chainanalysis’ 2024 Geography of Cryptocurrency Report The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024.
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Saudi Tourism: Who is traveling?
- September 26,2024
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- SUSTG Team
The International Monetary Fund’s (IMF) recent report on the Saudi economy reflected a Saudi tourism landscape that is getting broader and deeper
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OPEC releases World Oil Outlook 2024
- September 25,2024
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- SUSTG Team
The Organization for Petroleum Exporting Countries (OPEC) issued its 2024 World Oil Outlook forecasting significant growth in global energy demand between now and 2050.
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IEA report says 2030 renewable energy goals within reach
- September 24,2024
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- SUSTG Team
Coinciding with the United Nations General Assembly in New York, the International Energy Agency (IEA) has issued ‘From Taking Stock to Taking Action’ report that concludes the goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, but will require a huge push to unlock bottlenecks such as permitting […]
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Saudi Arabia celebrates its 94th National Day
- September 22,2024
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- SUSTG Team
Saudi Arabia marked its 94th National Day on September 23, 2024 commemorating the unification of the Kingdom under King Abdulaziz Al Saud in 1930.
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MUST-READS
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Empowered but afraid: do Saudi women have the capability to freely decide their university majors?
Results revealed that new legislation and regulations in Saudi Arabia have positively influenced sociocultural transformation. However, in small cities and nonurban settings, women may struggle to reject traditional social norms despite their empowerment. The findings indicate that encouraging students’ voluntary work and their membership in groups and organisations, as well as ensuring diverse hiring practices are in place in rural areas and small cities, could support a more general acceptance of women’s empowerment.
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Saudi’s Bahri and Marinakis’ Capital Maritime sign mega VLCC deal
The National Shipping Company of Saudi Arabia (Bahri) announced today it has finalised a purchase agreement with Evangelos Marinakis-backed Capital Maritime and Trading, to acquire nine very large crude carriers (VLCCs) for a total of US$1Bn. Most of the VLCCs were built in South Korea and have an average age of 5.9 years. These vessels are fitted with scrubbers and equipped with advanced energy efficiency and low-emissions technologies to minimise environmental impact. Each VLCC has an average deadweight tonnage of approximately 311,500.
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Saudi Arabia’s literary renaissance captivates local and international audiences
“Saudi literature has witnessed significant acceleration over the past decade, particularly during the period when culture and its literary derivatives became one of the key objectives of Vision 2030,” said Ibraheem Al-Sinan, head of editorial at Raff Publishing. He added: “This newfound openness to knowledge and literature, spurred by various initiatives, competitions and activities, has enabled young people to make significant leaps in literary production. What once took decades to learn, the youth now accomplish in just a few years.”
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Google Cloud expands services in Saudi Arabia, delivering enhanced data sovereignty and AI capabilities
Building on the launch of the Google Cloud region in the Kingdom of Saudi Arabia (KSA) in November 2023, we are excited to announce new data sovereignty, security, and AI capabilities for the Dammam region. These new offerings can help support the digital transformation journeys of organizations operating in Saudi Arabia that need to meet certain regulatory requirements, including multinational enterprises operating in the Kingdom.
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Saudi firm plans hydrogen-powered skyscraper in Egypt’s new capital
A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt's new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen. The sophisticated design and high price tag represent a bet by Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, that international clients will be drawn to the new capital, a city for over 6 million people being built from scratch in the desert east of Cairo.
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Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil
In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a smaller portion of this than previously forecast. Roughly 73% of the investment funds will go to non-oil sectors, Faisal AlAzmeh, who heads CEEMEA equity research and covers natural resources, chemicals, and infrastructure in the Middle East, writes in his team’s report. An earlier forecast pegged non-oil investment at 66%.
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Ushaiqer Heritage Village In Saudi Arabia: An Insightful Escape Into Tradition
For those who are fascinated by old-world charm, Ushaiqer Heritage Village is a must-visit spot in Saudi Arabia. The group of yellow mud houses and a maze of different alleys in Ushaiqer welcome visitors to traditional architecture and lifestyle.The village is located 200 kilometers northwest of Riyadh, near the town of Shagra. It comprises seven districts with 400 mud houses and 25 mosques. The name ‘Ushaiqer’ meant ‘little blonde’, and it traced its origins to the nearby red mountain that gives shades to the mud houses.
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Saudi Arabia boosts FDI landscape with new investment law updates
Saudi Arabia’s Council of Ministers has recently approved the updated investment law, building on previous reforms under Vision 2030 and the National Investment Strategy. The Kingdom’s latest investment law updates bring together several existing freedoms and rights and apply them to investors under one unified framework, ensuring greater transparency, flexibility, and confidence for investors.
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Saudi Artist Turns Calligraphy Into Captivating Art With His Stunning Projects
Based in Riyadh, Al-Sulaimani’s love for calligraffiti started back in school during an Arabic calligraphy class. Captivated by the power of the written word, he started blending this timeless art form with vibrant, graffiti-inspired styles, creating eye-catching and unique masterpieces.
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Saudi Film Commission Revolutionizes Cinema Landscape with Significant License Fee Reductions
The revised fee structure unveiled by the Film Commission reflects a strategic commitment to bolstering the film industry’s growth and vitality. By slashing licensing costs across different city categories, from “A” to “C,” the Commission aims to empower cinema enterprises, stimulate economic contributions, and foster cultural and creative diversity on the big screen.
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