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The major transformation and overhaul of Saudi Arabia’s military with defense expert Bilal Saab and much more – The 966 Episode 32
- March 25,2022
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- SUSTG Team
Episode 32 of The 966 – the hosts welcome defense and security expert Bilal Saab to discuss the little-known but historically significant transformations underway in Saudi Arabia’s military and security institutions. The hosts also talk about the personal status law that will make a major real-life change for women and families in the Kingdom, a […]
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Saudi Arabia Seeks to Launch Middle East’s First Carbon Exchange with Aramco, ACWA
- March 23,2022
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- SUSTG Team
Saudi Aramco and ACWA Power may be the first of a total of five companies to join a new carbon exchange set up by the Kingdom’s Public Investment Fund (PIF), according to Bloomberg.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
- March 18,2022
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- SUSTG Team
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
- March 16,2022
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- SUSTG Team
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Saudi Aramco Joint Venture to Build Refinery and Petrochemical Complex in China; Delivery Date in 2024
- March 14,2022
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- SUSTG Team
Saudi Aramco and its joint venture (JV) partners will develop a refinery and petrochemical complex in China to be delivered in 2024, according to a report in the industry publication Offshore Technology.
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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
- March 11,2022
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- SUSTG Team
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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MUST-READS
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US Mission to Saudi Arabia announces new women’s entrepreneurship program in partnership with Atlantic Council, AmCham Saudi Arabia, and Quantum Leaps
Strong explained that “our companies view these partnerships as their own paths to success,” citing UPS’s Women Exporters Program with the General Authority for Small and Medium Enterprises (Monshaat), ExxonMobil’s Global Women in Management Program with the King Khalid Foundation, Lockheed Martin’s investment in STEM education programs in Saudi Arabia, and the PepsiCo Foundation’s Tamakani accelerator with INJAZ Al-Arab as examples.
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Saudi Arabia energy minister and U.S. counterpart agree to enforce cooperation in the energy field – SPA
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and the U.S. counterpart Jennifer Granholm spoke on phone on Thursday and agreed to work closely to enforce cooperation in the energy field, the Saudi state news agency reported.
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Foreign investment licenses in Saudi Arabia rise 60% in the last quarter of 2020
Saudi Arabia issued 466 investment licenses to foreign investors in the fourth quarter of 2020, a 60 percent jump on a year earlier, Asharq Business reported, citing Saudi government data. December was the busiest month, with 189 investment licenses issued. Foreign investment flows rose by more than 20 percent during the year.
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Extreme E starts this weekend in AlUla, Saudi Arabia
Saudi Arabia is set to host Extreme E's first ever race, the Desert X Prix, on April 3 and 4 at the breathtaking destination of AlUla. Organisers today revealed the reasons behind their choice to launch the first ever season of the series from Saudi Arabia, highlighting its aim to address global issues such as desertification and sustainability.
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Lawmakers advance bipartisan legislation to further punish Saudi Arabia for Khashoggi murder
The bill is a reworked, expanded version of the legislation put forward by Connolly in the last Congress that was rejected by Republicans. It would reinstate a 120-day pause on arms sales to Saudi security forces involved in action against dissidents and add bans for intelligence and law enforcement bodies that detain American citizens and residents in Saudi Arabia or prevent them and their families from traveling.
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Saudi Arabia pushes forward with plans for cultural ‘renaissance’ with vast light festival full of both local and big-name artists
“We’ve done a lot of focus groups, we've talked with the community to learn about what it is that they want to see in the neighbourhoods,” says Miguel Blanco-Carrasco, the Spanish-born executive director of Noor Riyadh. “A light festival was a really clear decision because light is a universal language everybody can understand. You don't have to be an expert in contemporary art, you don’t have to have a PhD in history of art, to understand the pieces we've seen.”
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Lockheed Martin evaluates 400 Saudi Arabian firms in defense review
“Our plan focuses on two main areas. First, we work closely with the US government to identify technologies that are releasable to our partner nations. Second, we work very closely with the Saudi authorities to identify which localization projects are economically viable and of value to the Kingdom,” explained Rank.
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Lockheed Martin Started Construction on Saudi Arabia’s 2nd MMSC
Lockheed Martin and Fincantieri started construction on the second Multi Mission Surface Combatant (MMSC) for the Royal Saudi Navy (RSN). A low key steel cutting ceremony took place on at Fincantieri Marinette Marine in Wisconsin in late January.
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Saudi Arabia fourth quarter GDP down from previous year but up on third quarter as COVID-19 impact eases
Saudi Arabia’s economy shrank 3.9% year on year in the fourth quarter but rose 2.5% from the previous three months, according to data on Tuesday that showed an upturn from the depths of the coronavirus pandemic towards the end of 2020. The oil sector contracted by 8.5% and the non-oil sector by 0.8% from the same period of 2019, Saudi Arabia’s General Authority for Statistics said.
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Aramco’s entrepreneurship arm to support startups at Saudi Arabian industrial zones
The entrepreneurship arm of Saudi Aramco, Wa’ed, has signed a memorandum of understanding (MoU) with the Royal Commission for Jubail and Yanbu (RCJY) to support the creation of new startups and small and medium-sized enterprises (SMEs) in Saudi Arabia’s two largest industrial cities. The MoU was signed by Wa’ed managing director, Wassim Basrawi, and RCJY general manager, Dr. Ahmed Zaid Al-Hussain, at a virtual ceremony.
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