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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
- June 1,2022
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- SUSTG Team
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Secretary of State Blinken, Saudi FM Faisal bin Farhan Speak by Phone amid Diplomatic Uptick
- May 31,2022
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- SUSTG Team
U.S. Secretary of State Antony Blinken and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud spoke by phone this week to discuss Saudi Arabia’s efforts to prolong a fragile, Saudi-brokered truce in Yemen, the U.S. Embassy in Saudi Arabia said on Tuesday.
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King Salman Appoints Former Ambassador to the United States Adel Al-Jubeir as Envoy for Climate Affairs
- May 30,2022
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- SUSTG Team
King Salman has appointed Adel Al-Jubeir as Saudi Arabia’s envoy for climate affairs, according to a royal order issued over the weekend. The appointment builds on the official portfolio of Al-Jubeir, who will continue holding his current positions of minister of state for foreign affairs and member of the Council of Ministers.
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Spotlight on Saudi at Davos, island diplomacy, and legal reforms with Saudi-based attorney Chris Johnson
- May 27,2022
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- SUSTG Team
In Episode 45 this week, The 966 hosts welcome back Saudi-based attorney Chris Johnson to discuss Saudi Arabia’s new personal data privacy law, investment law, and other ongoing legal and regulatory reforms taking place in the Kingdom. Before that conversation, the hosts discuss Saudi Arabia’s strong presence at the World Economic Forum in Davos, an […]
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Saudi Crown Prince, Ambassador Reema meet with U.S. Congress Members in Saudi Arabia; Biden Officials in Kingdom to Plan Potential Visit
- May 25,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud met with a delegation of visiting US Congress members on Tuesday in Saudi Arabia.
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Biden Administration Negotiating Deal for Islands Transfer that May Lead to Normalized Relations between Saudi Arabia and Israel – Report
- May 24,2022
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- SUSTG Team
The Biden administration has been quietly mediating talks between Saudi Arabia, Israel and Egypt on negotiations “that, if successful, could be a first step on the road to the normalization of relations between Saudi Arabia and Israel,” an exclusive report in Axios said.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
- May 23,2022
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- SUSTG Team
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.
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MUST-READS
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Apple announces retail expansion plans in Saudi Arabia
The company is set to debut its online Apple Store in the summer of 2025, offering a complete range of products with Arabic service and support for the first time. From 2026, Apple aims to inaugurate the first of many flagship stores across the country. Apple is in the early phases of designing a store at Diriyah, a UNESCO World Heritage site. Apple CEO Tim Cook said: “We’re excited to be expanding here in Saudi Arabia with the launch of the Apple Store online next year, and the first of several flagship Apple Store locations starting in 2026, including an iconic store at the stunning site of Diriyah coming later.
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UN pledges to address migrant labour rights as Saudi Arabia is set to host 2034 World Cup
The UN High Commissioner for Human Rights, Volker Türk, has pledged to ensure proper labour standards during tournament preparations, which will heavily rely on migrant workers. Two days before FIFA is set to officially confirm Saudi Arabia as the host of the 2034 World Cup, the United Nations’ top human rights official pledged on Monday to advocate for the proper respect of migrant labour standards during the tournament preparations. The kingdom’s plans include constructing eight of the 15 proposed stadiums from scratch and adding 175,000 hotel rooms relying heavily on migrant workers — primarily from South Asia — under a labour framework that human rights groups have criticised for inadequate protections.
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Saudi Arabia says Israel’s Golan buffer zone seizure confirms continued Israeli violation of international law
Israel’s decision to seize Syrian-held areas in a UN-patrolled buffer zone in the Golan Heights and its attacks on Syrian territory confirm continued Israeli violation of international law, Saudi Arabia said on Monday. Israeli Prime Minister Benjamin Netanyahu announced on Sunday he had ordered the army to “seize” the demilitarised zone in the Syrian-controlled part of the Golan Heights after militants swept Syrian president Bashar Assad from power. A statement issued by the Kingdom’s Foreign Ministry said the move showed Israel’s determination to sabotage Syria’s chances of restoring its security, stability, and territorial integrity.
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Saudi Arabia calls on international community to translate two-state solution into action
“If the international community is interested in protecting what remains of the credibility of its rules and institutions, it must join hands with Saudi Arabia and regional countries that are serious about peace in order to translate words into deeds and embody the two-state solution on the ground. It is time for us to overcome the stagnation that has marred the peace process over the past years, and move from talking about peace to making peace,” he said while delivering a special keynote address at the 20th session of the Manama Dialogue Forum 2024 on Saturday. “The crises and conflicts that occur in it have effects that extend beyond the borders of the region, affecting international security and stability, and posing a threat to the safety of the global economy. There must be a serious political will to establish peace, overcome crises, and respond to the requirements of development and economic integration.”
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Prince Saud bin Talal Launches First Hydrogen-Powered Bus in Saudi Arabia
Al-Ahsa Governor Prince Saud bin Talal bin Badr on Thursday inaugurated the trial of the first hydrogen-powered bus in Saudi Arabia. The bus boasts the ability to travel up to 635 kilometers on a single charge and has a capacity of 45 passengers. It will connect the city of Dammam with Al-Ahsa Governorate, covering a total distance of 359 kilometers daily as part of intercity transportation services operated by SATCO, a licensed company in the southern concession area.
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Imax CEO Richard Gelfond on Launching the Company’s First Arabic Film and Expanding Its Footprint in Saudi Arabia and the MENA Region
In what amounts to a milestone for the Middle East, Imax has announced plans to release its first-ever Arabic-language feature film. It’s a comedy titled “Ambulance” led by Saudi star Ibrahim Hajjaj, whose 2023 wrestling movie “Sattar”is Saudi Arabia‘s highest grossing local title. The announcement was made by Imax CEO Richard Gelfond during the grand opening on Wednesday of a new Imax theater in the Saudi city of Jeddah, which featured screenings of “Gladiator II” and “Moana 2.” The event took place on the eve of the Red Sea Film Festival, which will open Thursday with Gelfond in attendance.
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UK’s Starmer to Push for Stronger Ties With UAE, Saudi Arabia in First Gulf Visit
British Prime Minister Keir Starmer will begin a multi-day visit to the Gulf on Sunday, his first trip to the region since taking office, seeking stronger economic and defence ties with the United Arab Emirates and Saudi Arabia. He will aim to boost investment and deepen defence and security partnerships, the government said in a statement on Saturday, describing the two Middle Eastern countries as "some of the UK's most vital modern-day partners." Starmer, elected to lead the world's sixth-largest economy in July, will arrive in the UAE on Sunday, where he is due to hold talks with President Sheikh Mohamed bin Zayed Al Nahyan on Monday. He will fly to Saudi Arabia later on Monday to meet Crown Prince Mohammed bin Salman.
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Apple announces Apple Retail expansion in the Kingdom of Saudi Arabia
Apple today announced plans to expand in the Kingdom of Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will bring customers across Saudi Arabia new ways to shop Apple’s full range of products, with exceptional service and support directly from Apple in Arabic for the very first time. Starting in 2026, Apple will begin opening the first of several flagship Apple Store locations in Saudi Arabia. These retail stores will offer customers in the country even more ways to connect with Apple’s knowledgable team members and find the perfect products and services. As part of this expansion, Apple is in the initial stages of planning an iconic retail store coming to Diriyah, a UNESCO World Heritage site.
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New KAUST president: In Saudi Arabia, the possibilities are even greater
Possibly the most exciting thing happening in Saudi Arabia at the moment is the energy generated by its youthful population, which is fully engaged in transforming the nation. Some two-thirds of Saudi Arabians are under 35 years of age, and there is a huge appetite for tertiary education, and the acquisition of the skill set the nation needs for its transformation. The work ethic of young people of all genders is high, and the energy manifested in the country's transformation is very impressive indeed. Why did I come to KAUST? For those unfamiliar with its journey, KAUST is an extraordinary university. Only 15 years old, it was endowed with significant resources by the late King Abdullah, with the mission to develop one of the world’s leading research-intensive universities in Saudi Arabia, using Caltech as a model. Its success has been remarkable. KAUST has attracted an international faculty, boasting a citation rate per faculty member that leads the world, along with outstanding students.
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Saudi Arabia’s mangroves take center stage on second day of SGI Talks
Dr. Hilmi emphasized the role of marine and coastal habitats as carbon sinks – capable of sequestering up to ten times more carbon than forests – adding that they also provide added services to humanity in the form of natural resources, protection from coastal erosion, water filtration, and cultural value in the form of education and eco-tourism. Dr. Hilmi also elaborated on her work with King Abdullah University of Science and Technology (KAUST) where she works with Dr. Carlos Duarte to evaluate the value of Saudi Arabia’s mangroves. “I work with KAUST to evaluate the mangroves in Saudi Arabia, their carbon sequestration but also their co-benefits, these other ecosystem benefits I told you about” she added.
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