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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej. Per Reuters: “The kingdom’s 22 airports […]
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Part 2 – The 966 Exclusive Interview with Fahad Nazer, Spokesperson for the Saudi Embassy in Washington, D.C.
- December 20,2021
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- SUSTG Team
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In Part 2 of the interview, the hosts ask Mr. Nazer about a wide range of issues, including about Saudi Arabia’s students in the United States, Iran, Saudi Arabia’s relationship with Israel. The hosts also ask Fahad a […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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It’s Official: Saudi Arabia Pitches Riyadh for 2030 World’s Fair
- December 16,2021
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- SUSTG Team
Saudi Arabia has officially submitted a bid to host Expo 2030 in Riyadh, with the Royal Commission for Riyadh City (RCRC) CEO Fahd Al-Rasheed submitting the Kingdom’s bid while addressing a virtual gathering of 170 member countries assembled to kickstart the five-stage bidding process that will conclude with voting in November 2023.
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Two Saudi Women to Compete in Dakar Rally 2022, a First for Kingdom
- December 15,2021
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- SUSTG Team
Two Saudi women, Mashael Al-Obaidan and Dania Akeel, will be the first female drivers from Saudi Arabia to compete in the Dakar Rally next month, Reuters reports.
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Saudi Energy Minister Warns of ‘Dangerous’ Energy Crises with Reduced Investment in Production
- December 14,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman al-Saud said on Monday that oil markets could face a dangerous period marked by undersupply and volatility if the world reduces investments in exploration and drilling, according to reports.
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Saudi Arabia’s 2022 Fiscal Budget Report Released, with First Surplus in Nearly a Decade Seen for 2022
- December 13,2021
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- SUSTG Team
Saudi Arabia released its budget for the 2022 fiscal year following the endorsement by the Council of Ministers on December 12th, with a few changes from the preliminary budget released earlier in September this year. As expected, Saudi Arabia is expected to register its first fiscal surplus since 2013.
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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
- December 9,2021
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- SUSTG Team
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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MUST-READS
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Saudi Arabia Unveils National Strategy for Data and Artificial Intelligence (NSDAI)
Notably, the strategy promises the development of specific data and AI plans for the education, government, healthcare, energy, and transport & logistics sectors. Companies in these sectors that hope to inform future regulations and plans for data and AI should engage with government stakeholders in the short term before these sector-specific plans are released. -
Arabs overwhelmingly hope Biden parts ways with Obama legacy: poll
Yet the Arab News/YouGov survey found Biden would be better for the region with 40 percent, against 12 percent who said Trump would be good for the region. That said, some 49 percent said neither candidate would be good for the Arab world.
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Pacing Growth: Mohammed Aldhalaan On The Lessons Learnt While Building His Saudi Arabia-Headquartered Edtech Platform Noon Academy
Aldhalaan admits that it took a lot of trial and error, over the past seven years, to create the right product that fit the target markets. Today, due to the effort of Aldhalaan and his co-founder Aziz AlSaeed, the edtech startup has expanded its operations from Saudi Arabia to India and Pakistan, while plans to start offering its online services to the London market later this year are also on the cards.
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Saudi Arabia holds off from backing action against France over cartoons
Saudi Arabia condemned cartoons offending the Prophet Mohammad, but held back from echoing calls by other Muslim states for action against images being displayed in France of the Prophet. A foreign ministry official also said in a statement that the Gulf state condemns all acts of terrorism, an apparent reference to the beheading of a Paris teacher who showed cartoons of the Prophet in a class on freedom of speech.
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Overview: Saudi Arabia Startup Ecosystem
According to MAGNiTT’s H1 2020 Saudi Arabia Venture Capital Snapshot, Investments in Saudi startups reached $95 million across 45 venture funding deals in the first half of 2020, slightly more than double the amount of funding from the same period in 2019.
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The Department of Energy and the Saudi Arabian Saline Water Conversion Corporation (SWCC) Sign a Memorandum of Understanding for Collaboration in the Field of Seawater Desalination
Today, Assistant Secretary for Energy Efficiency and Renewable Energy (EERE) Daniel R Simmons virtually joined His Excellency Eng. Abdullah Bin Ibrahim Al-Abdulkareem in signing a Memorandum of Understanding (MOU) with the Saline Water Conversion Corporation (SWCC), a Saudi Government Corporation, to promote cooperation between the United States and the Kingdom of Saudi Arabia across the field of seawater desalination.
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Hub71 boosts collaboration with Saudi Arabia to promote startups
Hub71 and the Saudi Ministry of Communications and Information Technology’s (MCIT) Digital Innovation Centre struck a new strategic partnership to increase collaboration that drives digital innovation and tech entrepreneurship between the UAE and Saudi Arabia.
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Saudi Arabia, Google partner in plan to ‘level-up’ Mideast
The program, named “Grow stronger with Google,” will include a comprehensive list of digital tools, grants and training opportunities to support local businesses and job seekers across the region. In the Kingdom, Google will target the retail, tourism and technology sectors, including Saudi Post, which will list 100,000 local entities on the company’s digital platform and train employees in online marketing.
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Move To Game celebrates a landmark of 10 billion steps generated by more than 150,000 participants across Saudi Arabia
Competing either as individuals or as part of grassroots Community Sports Groups (CSGs), participants have been able to select from an increasing number of challenges and progress through a series of levels, with weekly, daily, and monthly prizes on offer at each level. To date, collaborations for Move To Game have been undertaken by some of Saudi Arabia’s leading sports federations including the Saudi Arabian Basketball Federation, Saudi Climbing and Hiking Federation, Saudi Cycling Federation, and the Saudi Boxing Federation.
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Saudi Arabia to build a robust education environment as part of its Saudi Vision 2030
In a wide-ranging interview, Dr. Al-Mutair said that “the Kingdom aims to build a coherent education system by 2030 which requires creating a homogeneous and harmonious education environment between public and higher education on the one hand and private and governmental education on the other hand.” “The vision also aims that at least five Saudi universities will rank among the best 200 universities worldwide by 2030,” he added.
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