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Ramadan Moon Seen in Saudi Arabia, Holy Month Begins Tuesday
- April 13,2021
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- SUSTG Team
The Ramadan crescent moon has been sighted in Saudi Arabia, meaning the holy month will officially begin on Tuesday, April 13, according to an official announcement from the Kingdom’s Supreme Court.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
- April 12,2021
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- SUSTG Team
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Could Saudi Arabia’s Recycling Sector Be Worth More than $18bn?
- April 1,2021
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- SUSTG Team
The CEO of Saudi Arabia’s biggest waste company, Saudi Investment Recycling Company (SIRC), said that the Kingdom’s recycling market size could reach $18 billion as the sector remains underdeveloped, according to a report Arab News.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Saudi Crown Prince Announces Two Massive Green Initiatives to Fight Climate Change
- March 29,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched two initiatives over the weekend to make Saudi Arabia a significant contributor in the global fight against climate change, the Saudi Press Agency reports.
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MUST-READS
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Earthquake May Deepen Syria’s Divides
However, few places are as isolated as opposition-controlled northwest Syria, which heavily depends on cross-border aid from Turkey and lacks an international presence of journalists, aid workers, and search and rescue teams. Over five million people live in this territory with two-thirds forcibly displaced —often multiple times—from other parts of Syria. Today, thousands of them are homeless yet again after entire towns have been wiped out.
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Explainer: Why was the Turkey-Syria earthquake so bad?
On average, there are fewer than 20 quakes over 7.0 magnitude in any year, making Monday's event severe. Compared with the 6.2 earthquake that hit central Italy in 2016 and killed some 300 people, the Turkey-Syria earthquake released 250 times as much energy, according to Joanna Faure Walker, head of the University College London Institute for Risk and Disaster Reduction. Only two of the deadliest earthquakes from 2013 to 2022 were of the same magnitude as Monday's quake.
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Saudi Arabia FDI inflows up 10.7% in third quarter 2022 -investment ministry
Foreign direct investment (FDI) inflows into Saudi Arabia rose 10.7% in the third quarter of 2022 over the same period a year earlier, figures from the investment ministry showed. FDI inflows totalled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, according to the investment ministry's latest monthly bulletin published on Monday, versus 6.5 billion riyals in the third quarter of 2021.
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Mountaintops, flower men and folk art: Inside Saudi’s Aseer province
Saudi’s lesser-known Aseer region is a haven of hiking trails and hipster cafes. Book a hotel and a guide and explore Saudi’s tallest peaks - of which there are plenty. At around 3000 metres, Al Soudah is Saudi’s highest mountain, thriving with luscious greenery. The rewards for treading its winding paths are epic panoramas at every turn.
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First-ever Islamic Arts Biennale held in Saudi Arabia’s Jeddah
The exhibition (January 23-April 23), displays over 280 works of Islamic historical objects — including 239 from Saudi Arabia and 15 that have never been exhibited before — within an 80,000-square-meter space alongside 60 new commissioned works of contemporary art by 42 international artists and collectives, among which 18 are from Saudi Arabia.
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Saudi Arabia Regional Headquarters Programme: Contracting with government entities
By way of background, the Regional Headquarters (RHQ) Programme is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City which aims to attract multinational companies to establish their regional headquarters in the KSA. The RHQ Programme forms part of the Vision 2030 initiative to enhance and diversify the KSA economy. In February 2021, the KSA government announced its intention to cease contracting with companies that do not have their RHQ situated in KSA.
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Saudi Arabia Regional Headquarters Programme: Contracting with government entities
By way of background, the Regional Headquarters (RHQ) Programme is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City which aims to attract multinational companies to establish their regional headquarters in the KSA. The RHQ Programme forms part of the Vision 2030 initiative to enhance and diversify the KSA economy. In February 2021, the KSA government announced its intention to cease contracting with companies that do not have their RHQ situated in KSA.
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U.S. promises swift aid to Turkey and Syria after deadly earthquake
The U.S. is moving quickly to send assistance to Turkey and Syria as the death toll from a powerful earthquake continues to rise, President Joe Biden said Monday. “My Administration has been working closely with our NATO Ally Turkiye, and I authorized an immediate U.S. response. At my direction, senior American officials reached out immediately to their Turkish counterparts to coordinate any and all needed assistance,” Biden said in a statement. “Our teams are deploying quickly to begin to support Turkish search and rescue efforts and address the needs of those injured and displaced by the earthquake. U.S.-supported humanitarian partners are also responding to the destruction in Syria.”
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Major earthquake hits Turkey, Syria; hundreds dead, many trapped
More than 1,400 people were killed and thousands injured on Monday when a huge earthquake struck central Turkey and northwest Syria, pulversing apartment blocks and heaping more destruction on Syrian cities already devastated by years of war. The magnitude 7.8 quake, which hit in the early darkness of a winter morning, worst to strike Turkey this century. It was also felt in Cyprus and Lebanon. It was followed in the early afternoon by another large quake, magnitude 7.7.
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Egypt’s Strategic Partnership with China: Opportunities and Implications
On December 8, 2022, Egyptian President Abdel Fattah el-Sisi met with his Chinese counterpart, President Xi Jinping, on the sidelines of the inaugural China-Arab Summit in Saudi Arabia. During their meeting, both leaders pledged to further bolster bilateral relations and cooperation within the framework of China’s Belt and Road Initiative (BRI). The relationship between Egypt and China has experienced significant growth in recent years, characterized by the rapid development of economic, trade, military, and cultural ties. Egypt occupies a strategic position within the BRI, which has the potential to push bilateral relations to new heights.
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