MUST-READS

• Saudi Arabia registers 70 new archaeological sites

  Saudi Arabia announced Wednesday the registration of 70 new archaeological sites in the National Antiquities Register. The new sites bring the total number of registered sites across the Kingdom to 8,917, the Saudi Press Agency reported. According to the country's Heritage Commission, the registration process involves a series of steps. It commences with the site's discovery and subsequent evaluation by specialists to confirm its archaeological significance, ending with the preparation and writing of necessary scientific and technical reports.

• Saudi Arabia announces 6 mining investment opportunities

  Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining investment opportunities for local and international investors. It is part of the fifth round of mining bids for exploration licenses and encompasses gold, copper, zinc, lead, and silver ores in various regions of the kingdom, covering a total area of over 940 square kilometers, the Saudi Press Agency reported. Investment opportunities for exploration licenses include the "Al-Halahila" site in Najran, the "Jabal Qaran" site in Najran, the "Makman Hijab" in Riyadh, the "An-Nimas" site in Asir, the "Al-Mihah" site in Mecca, and the "Al-Hajirah" site in Asir.

• Saudi efforts on Gaza ‘in line’ with Japanese policy: Special envoy

  Saudi efforts to de-escalate the Gaza conflict are “in line” with Japanese policy, UEMURA Tsukasa, Japan’s special envoy for Middle East peace, said on Tuesday. “Aside from providing humanitarian assistance to Gaza, Saudi Arabia is doing a fairly good job politically, in line with (Japan’s) policy as well. In terms of humanitarian assistance, Saudi Arabia is doing the most efforts,” the former ambassador to the Kingdom, who visited the region to discuss the war, told Arab News Japan.

• Russia’s friends beg EU to leave frozen assets alone

  Representatives of China, Saudi Arabia and Indonesia are privately pushing the EU to continue resisting pressure from the U.S. and U.K. to seize more than €200 billion of Russian state assets it immobilized after February 2022's invasion of Ukraine to help Kyiv's reconstruction efforts, four officials with knowledge of the proceedings told POLITICO. “These countries are very skeptical about the idea,” said one of the officials, granted anonymity because the talks are so sensitive. The concern is, “this would create a precedent” ― in other words, these countries would fear they could be next to lose out.

• Saudi minister discusses US education cooperation with kingdom’s ambassador

  They also explored ways in which American investors and education businesses might be encouraged to participate in the sector in the Kingdom to enhance its quality, ensure it meets the needs of the labor market, and is best placed to help achieve the goals of the Kingdom’s Vision 2030 national development and diversification plan, the Saudi Press Agency reported.

• White House’s Sullivan, recovering from cracked rib, postpones Saudi trip

  White House national security adviser Jake Sullivan has postponed plans to travel to Saudi Arabia this week as he recovers from a cracked rib following a minor accident, the White House said on Wednesday. Sullivan had been due to hold talks with Crown Prince Mohammed bin Salman amid a U.S. push for progress toward normalizing relations between Israel and Saudi Arabia. The injury "has affected his ability to travel," White House spokesperson John Kirby told reporters. "This was a minor accident of his own. It was not caused by anybody. It was not the result of a nefarious act."

• Saudi gigaproject awards drop in March

  There were only three awards during March. The largest, valued at $187m, was a public-private partnership (PPP) deal for a district cooling plant. The other two contracts, valued at $44m and $40m, cover road and infrastructure work at Amaala. The March total is about half of the total recorded for February, when there were $509m of awards. The totals for both March and February are significantly less than the $5.6bn of awards recorded in January.

• Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

  Saudi Real Estate Co. (Al Akaria) has announced the signing of a contract with Diriyah Gate Company Limited (DGCL) for the implementation of “Excavation for Metro-Box Central, Metro-Box South, and Metro-Box East and Related Works,” through one of its subsidiaries, Saudi Real Estate Infrastructure Company (Binyah), at a value of SAR722 million ($192.48 million).

• Saudi Arabia’s startups raise $198 million in March 2024

  In a landmark month for the region’s startup ecosystem, Saudi Arabia emerged as the hot spot of fundraising activities, with total investments soaring to $198 million in 25 transactions. This surge, the highest in the region, underscores the growing vibrancy and investor confidence in Saudi Arabia’s startup landscape.

• Saudi to Dubai in an hour? Hyperloop chief sees GCC transport link as ‘possible’

  Andres de Leon, chief executive of Hyperloop Transportation Technologies (Hyper-loopTT), revealed that “conversations have been had” with countries in the GCC – including the UAE and Saudi Arabia – to bring the mass transport system to the region. Plans to bring a hyperloop prototype to Northern Italy - between Venice and Padua – through a joint venture between the Italian government and private investors reignited interest in the project. That system – which aims to be the world’s first working passenger system and will propel people between cities in pods more than twice as fast as high-speed rail net-works and far more sustainably – aims to be up and running between 2028 and 2030, de Leon said

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