SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Will Lucid Motors’ Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?

    In its first year in production, EV manufacturer Lucid Motors won the coveted Motor Trend Car of the Year award with its Lucid Air sedan. Although their future appears bright regarding the design and sales of their own vehicles, they may also have a strong market with other automakers coveting their superior technology. One potential partnership that could be a mutual fit because of both companies’ connections to Saudi Arabia is a collaboration with luxury car legend Aston Martin.

  • Will Lucid Motors’ Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?

    In its first year in production, EV manufacturer Lucid Motors won the coveted Motor Trend Car of the Year award with its Lucid Air sedan. Although their future appears bright regarding the design and sales of their own vehicles, they may also have a strong market with other automakers coveting their superior technology. One potential partnership that could be a mutual fit because of both companies’ connections to Saudi Arabia is a collaboration with luxury car legend Aston Martin.

  • Saudi Arabia Concludes its Participation at Farnborough International Airshow

    Complimenting this Saudi Pavilion participation, were several key strategic announcements made by Saudi Arabia, chief of which was the announcement on the defense sector localization rate, which soared from 2% in 2018 to 11.7% in 2021. A multitude of defense platforms and capabilities were localized over this period, all contributing to enhancing operational readiness and strategic autonomy, through strategic and sustainable partnership building. The overarching goal: localizing more than 50% of expenditure on defense equipment and services, by the year 2030.

  • Sommet Education starts training next generation of Saudi Arabia Tourism professionals

    The first group of Saudi students arrived at les Roches Global Hospitality Education on its campus in Marbella, Spain. This short program aims at equipping students with the fundamentals of Tourism Business and Operations from understanding housekeeping Operation to Customer Experience or Sales and negotiation skills.

  • Saudi Arabia’s Manga Productions to set up new headquarters in Mohammed Bin Salman Non-Profit City

    After releasing the first-ever Saudi-Japanese animated film last year, Manga Productions is set to move its headquarters to the Prince Mohammed Bin Salman Non-Profit City. The new city, which will open in 2024, will host Manga Productions as part of its new media sector. It will allow creative talent in the kingdom to live, learn, and grow through global collaborations and international creatives.

  • Venture capital investments in Saudi startups triple to $584 million

    Saudi Arabia experienced a major increase in venture capital investment during the first half of 2022. Investment in Saudi startups rose 244% to a record high of $584 million compared to the first half of 2021. A total of 88 investors have made deals with Saudi startups this year, Saudi Venture Capital said in a press release. "Saudi Arabia has always been an attractive market for entrepreneurs and investors from the kingdom and abroad due to the huge size of this market,” said CEO Nabeel Koshak.

  • Aston Martin rejects Geely bid, welcomes Saudi investment

    Saudi Arabia’s Public Investment Fund, which also has a stake in McLaren, has become a new anchor investor and the second largest shareholder, spending £78 million (A$136.53m) for a 16.7 per cent stake in the firm. But Aston Martin’s board has summarily rejected a proposal from the Atlas Consortium – consisting of Geely and InvestIndustrial – to invest £1.3 billion (A$2.27b) in the British sports car manufacturer, saying “there is no basis for further discussion”.

  • Alinma Bank, Foodics sign strategic partnership to empower SMBs in Saudi

    Under this partnership, the two brands have come together to launch new products to enable small business owners to have full autonomy over their business decisions, allowing them to sell from anywhere at any time and accept payments on the go. This will allow them to maximise their sales and their productivity, while keeping track of their sales figures, inventory and customers.

  • The symbolic Red Sea islands at the heart of Biden’s Saudi trip

    "We will see how Palestine fits into future negotiations, but the exchanges will be viewed as additional steps and confidence building efforts in the roadmap to normalisation," Adel Hamaizia, associate fellow with the Middle East and North Africa programme at Chatham House in London, told Middle East Eye.

  • Saudi Arabia’s Almarai second-quarter profit jumps 8% on higher revenue

    Saudi Arabia's Almarai, the Middle East's largest dairy company, reported an 8 per cent increase in second-quarter net profit as revenue rose with the easing of Covid-19-related restrictions. Consolidated profit attributable to shareholders climbed to 520.4 million Saudi riyals ($138.77m) in the three-month period ended June 30, the company said in a filing to the Saudi stock exchange Tadawul on Sunday.