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Its a big day – Riyadh Metro
- November 29,2024
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro, a major public transport project that he initiated while serving as the Chairman of the High Commission for the Development of Arriyadh, the predecessor of Royal Commission for Riyadh City.
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FY 2025 Budget approved with $27bn deficit forecast
- November 27,2024
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- SUSTG Team
Saudi Minister of Finance Mohammed Al-Jadaan and Minister of Economy and Planning Faisal Alibrahim were featured in a ‘2025 Budget Forum’ event that detailed Saudi Arabia’s FY 2025 Budget.
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Moody’s upgrades Saudi Arabia’s rating on economic diversification efforts
- November 25,2024
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- SUSTG Team
Saudi Arabia’s sovereign debt rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector.
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First three lines of Riyadh Metro to open this week
- November 24,2024
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- admin
The long awaited Riyadh Metro is expected to launch the first phase of operations on three of its six lines this week (November 27).
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Saudi has localized about 20% of its military spending
- November 22,2024
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- admin
Speaking at the 2024 Local Content Forum just completed in Riyadh, Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), said Saudi Arabia has localized 19.35% of its military spending.
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Spike Lee to head Red Sea International Film Festival Jury
- November 21,2024
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- SUSTG Team
Spike Lee will preside over the jury of the fourth edition of Saudi Arabia‘s Red Sea International Film Festival to be held December 5-14 in Jeddah.
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Design revealed for 92,000-seat venue to be flagship of 2034 FIFA World Cup
- November 20,2024
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- admin
The King Salman Stadium and Masterplan is set to become the largest-capacity stadium in Saudi Arabia and one of the world’s largest sports venues.
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Misk Global Forum 2024 underway in Riyadh
- November 18,2024
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- SUSTG Team
The Misk Global Forum 2024 is taking place November 18-19 in the Mohammed Bin Salman Nonprofit City “Misk City,” centered around the theme: “By Youth for Youth.”
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Saudi FM participates in G20 Summit in Brazil
- November 18,2024
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- SUSTG Team
The G20 2024 summit is being held in Rio de Janeiro, Brazil on November 18 and 19 with a focus on the fight against hunger, poverty and inequality; sustainable development and reform for global governance.
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Saudi unemployment a tick away from Vision 2030 goal of 7%
- November 15,2024
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- admin
Saudi Arabia’s General Authority for Statistics’ (GaStat) Q2 2024 Labor Market report shows that unemployment dropped to 7.1 % down from 8.5% a year earlier.
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MUST-READS
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Saudi Arabia announces prequalified bidders for 2 GW/8 GWh battery storage tender
The Saudi Power Procurement Company (SPPC) has released a list of 33 prequalified bidders for its 2 GW/8 GWh battery energy storage system (BESS) tender. The tender, structured as a build-own-operate model, attracted major international players including Masdar, ACWA Power, EDF, TotalEnergies, Jinko Power and more. Prominent companies from China, South Korea, and Japan also feature, including Samsung, the China Energy Overseas Investment Company, China Power Engineering Consulting Group International Engineering, and China Southern Power Grid International.
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Saudi Arabia launches humanitarian air bridge to Syria to deliver food, shelter and medical supplies
Saudi Arabia on Wednesday launched a humanitarian air bridge to Syria, delivering food, shelter and medical supplies' The air bridge, established by the King Salman Humanitarian Aid and Relief Centre (KSrelief), aims to 'alleviate the effects of the difficult conditions currently facing the Syrian people', the official Saudi Press Agency reported. Others, including the European Union and Ukraine, have also announced aid for Syria, where the United Nations said seven out of 10 people need support. Riyadh's air bridge will 'be followed by another land bridge in the coming days,' said Abdullah al-Rabeeah, the head of KSrelief.
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Saudi Arabia launches humanitarian air bridge to Syria
Saudi Arabia on Wednesday launched an air bridge to Syria to supply the country with goods of daily need, the Saudi Press Agency (SPA) reported. It added that the first flight from King Khalid International Airport took off to Damascus carrying food, shelter and medical items. The total aid provided by Saudi Arabia to the Syrian people from 2011 to the end of 2024 amounted to $857 million, according to SPA.
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Saudi Arabia launches largest regional salmon production center
Known for its dates and fruit, the central Saudi province of Hail is now stepping into the seafood scene with the launch of the Middle East’s largest salmon production center, backed by the Saudi Environment, Water, and Agriculture Ministry. The 10,000-square-meter facility features aquaponic systems, advanced water recycling, and a hatchery producing 5 million juvenile salmon annually. Once fully operational, the center will produce 10,000 tons of salmon per year, helping to cut into Saudi Arabia’s current annual imports of 23,000 tons.
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Saudi Arabia announces major labour rule change
Saudi Arabia’s domestic labour sector, the largest in the Middle East with 3.74 million domestic workers, is undergoing significant reforms to enhance recruitment and safeguard workers’ rights. Launched in February 2024 through the Musaned platform, the insurance covering domestic labour contracts is a key development. It ensures that both employers and domestic workers are granted their due rights, such as salary and compensation for unforeseen circumstances. The insurance is mandatory for the first two years of employment and optional thereafter. This insurance provides compensation for domestic workers in cases of permanent disability due to accidents and safeguards their financial rights if employers default on payments.
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Rock art in Saudi Arabia’s Harrat is testament to ancient life, cultural exchange
The Harrat region, south of Tabuk, is a treasure trove of ancient history, boasting a remarkable collection of rock art that provides a fascinating glimpse into past civilizations, according to the Saudi Press Agency report. The rugged volcanic landscape served as a canvas for ancient inhabitants, who expressed their beliefs, experiences, and social interactions through intricate engravings and paintings. Depictions of hunting scenes, made using simple tools, offer a window into the daily lives of the early inhabitants of these areas, the SPA report noted. Rock art also provides a record of the fauna that once lived in the region, including oryx, gazelles, and even tigers.
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Saudi Arabia leverages project management to achieve Vision 2030 milestones
Saudi Arabia’s success under Vision 2030 is evident across several key sectors. With 87 percent of initiatives either completed or on track, the Kingdom has made significant strides in improving its business environment, generating employment, and advancing major projects like NEOM and the Red Sea Project. Badr Al-Dulami, deputy minister of transport and logistics services for roads affairs, described project management as the “pulse of transformation,” underscoring its role in fostering competitiveness and innovation.
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Who were Saudi Arabia’s biggest sports stars of 2024?
As the sports landscape in Saudi Arabia continues to shift and develop, more heroes than ever before are emerging across a variety of sports – their athletic achievements helping put the Kingdom on the sporting map. In a year that saw the Olympic Games take place in Paris, there were several new faces who saw their reputations explode – as well as some established names who consolidated their sporting celebrity. Here Al Arabiya English rounds up the biggest Saudi sports stars of 2024.
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Hyundai Motor and Global Industry Leaders Conclude Hydrogen Fuel Cell Coach Bus Trial in Saudi Arabia
Hyundai Motor Company, in partnership with Saudi Transport General Authority, Saudi Public Transport Company (SAPTCO/SAT), Almajdouie Motors Company, Air Products Qudra, Abdullah Hashim Gases, and ARAMCO, has successfully concluded a strategic initiative to evaluate the hydrogen-based mobility in the Kingdom of Saudi Arabia. The collaboration involved a two-month trial of the Hyundai Universe Fuel Cell Coach Bus in Saudi Arabia’s Eastern Province. The project aimed to assess the feasibility and performance of hydrogen-powered transportation, marking a significant milestone in the Kingdom’s journey toward sustainable mobility.
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Saudi Arabia: Workers entitled to wages in lieu of unused leave
Saudi Arabia, home to a large community of expat workers, has stressed that employees are entitled to receive wages for the days of due leave if he/she quits work before using them under the kingdom’s labour system. The Saudi labour law also stipulates that the worker has the right to get paid leave of not less than 10 days and a maximum of 15 days, including the Muslim Eid Al Adha holiday, to perform the annual Hajj pilgrimage in and around Mecca once during the time of his service if he/she has not performed the obligatory Islamic duty before. To obtain the Hajj leave, the worker should spend at least two consecutive years working for the same employer, who may determine the number of workers granted this leave annually according to the requirements of the work.
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