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High-Level Biden Administration Officials Plan Regional Trip to Gulf Allies in Diplomatic Push
- April 29,2021
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- SUSTG Team
The Biden administration is sending a team of senior officials to visit top regional allies in the Gulf including visits to Saudi Arabia, the UAE, Egypt, and Jordan, according to reports from several news outlets.
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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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Photos Show Riyadh’s New Metro System, Set to Begin Operation This Year
- April 5,2021
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- SUSTG Team
New photos from the AFP published in Gulf News show Riyadh’s forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city’s districts.
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
- March 24,2021
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report
- March 23,2021
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- SUSTG Team
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports. Marubeni has formed a joint venture with Saudi utility Al Jomaih Energy and Water for the plant, which is […]
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
- March 17,2021
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- SUSTG Team
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
- March 3,2021
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- SUSTG Team
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023
- February 16,2021
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- SUSTG Team
Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom’s economic opportunities to countries that will hire local talent and compete with neighboring cities in other Gulf nations.
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Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law
- February 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.
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Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory
- February 5,2021
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- SUSTG Team
U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.
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MUST-READS
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AfghanistanChina, Pakistan take swipes at Trump’s Afghan policy
The top diplomats from China and Pakistan took swipes at President Donald Trump's newly unveiled Afghanistan policy on Friday as they called for new talks with the Taliban to resolve the 16-year conflict.
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Global Oil MarketsChina and India to Drive Non-OECD Oil Demand Growth in 2018
While the Organisation for Economic Co-operation and Development (OECD) consumption is forecast to rise by around 0.19 mb/d, non-OECD demand is expected to increase by 1.07 mb/d, with China and India being the major contributors.
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Saudi-ChinaCloser Ties: China And Saudi Arabia Sign $70 Billion in New Deals
Chinese Vice Premier Zhang Gaoli made a three-day visit to Saudi Arabia from August 23 to August 25. During his visit, China and Saudi signed a series of deals worth nearly $70 billion. Zhang said that China-Saudi Arabia cooperation was going to enter a new, more robust, sustainable, and fruitful era.
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Saudi-ChinaChina-Saudi Arabia cooperation to enter more fruitful era, broad consensus reached on key projects
Chinese Vice Premier Zhang Gaoli said here Thursday that he believes China-Saudi Arabia cooperation is going to enter a new era, being more robust, sustainable and fruitful. China and Saudi Arabia reached broad consensus on bilateral cooperation in such fields as energy, finance and industrial capacity, and on key cooperation projects when Zhang met the Saudi king and crown prince in the Saudi Red Sea resort of Jeddah.
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Saudi-ChinaSaudi Arabia signs cooperation deals with China on nuclear energy
Saudi Arabia and China are to cooperate on nuclear energy projects following discussions between the two countries this week on ways to support the kingdom’s nuclear energy programme, state news agency SPA reported.
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Saudi AramcoSaudi Aramco to sign China’s Yunnan refinery deal in 6 months
"Yunnan (talks) have reached advanced stages ... We aim to finalise Yunnan within six months," Falih, who is also the chairman of Aramco, said. Aramco will own a "big stake" in the 260,000-bpd Anning plant in Yunnan province, he added. Aramco is looking to invest $1 B–$1.5 B in the refinery as well as the retail assets of PetroChina, sources told Reuters in 2015.
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Saudi-ChinaSaudi Arabia, China plan joint $20 billion investment fund
Saudi Arabia and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, Saudi Energy Minister Khalid al-Falih told Reuters on Thursday.
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Saudi-ChinaInterview: China-Saudi Arabia ties rapidly developing: Chinese Ambassador
Specifically, the model refers to the energy industry as the core of business ties, with two supporting industries, namely infrastructure, and trade and investment, and three emerging, cutting-edge trade areas, mainly nuclear power, aerospace and renewable energy rounding out the center.
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Belt and RoadThe Middle East is the Hub for China’s Modern Silk Road
This is Xi’s signature foreign policy effort, with the goal of reorienting the global economic order by building what has been dubbed the “project of the century.” And it is the Middle East where the two routes come together for Europe and Africa.
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Saudi Aramco IPOWill China buy Saudi Aramco?
The planned sale of a 5 per cent stake in the Saudi state oil company Aramco is still in limbo. There is no clarity on where it will be listed, on its value or, most important, on how the rights of minority shareholders can be protected in an entity that will be 95 per cent owned by the Saudi government.
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