SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia dipping its toes into cricket might be the start of something big

    The auction marks Saudi Arabia's first major play in cricket, though the foundations have been laid gradually. Prince Mishal bin Saud Al-Saud, chairman of the Saudi Arabia Cricket Federation (SACF), was pictured with BCCI secretary Jay Shah at the opening match of IPL 2023, while state-backed Saudi companies have signed lucrative sponsorship deals in the past. Visit Saudi, the state tourism arm, and Aramco, the state-owned oil giant, have both been prominent IPL sponsors. Aramco has also signed a long-term agreement as a "premier partner" of the ICC, including securing naming rights for match awards at World Cups. This year Rajasthan Royals wore the logo of Neom, a futuristic city being built on the Saudi coast, on their shirts.

  • Citi gets license for regional headquarters in Saudi Arabia, memo shows

    U.S. bank Citigroup (C.N), opens new tab has received approval to establish its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday. Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax breaks as Crown Prince Mohammed bin Salman looks to wean the economy off oil by attracting foreign investment. Saudi Arabia's new rules also mandate foreign firms to have regional headquarters in the kingdom or risk losing hundreds of billions of dollars in lucrative government contracts.

  • Saudi Arabia Smart Grid Network Market Research 2024-2029: Generation, Transmission, Distribution, Consumption Trends, Opportunities, and Forecasts 2023-2029

    The Saudi Arabia Smart Grid Network Market was valued at USD 765.59 Million in 2023, and is expected to reach USD 1.77 billion by 2029, rising at a CAGR of 14.92%. The trend towards grid digitalization and automation is reshaping the Saudi Arabia Smart Grid Network Market. Digitalization involves the adoption of advanced technologies such as smart meters, sensors, and communication systems that enhance the functionality and efficiency of the power grid. Automation further enhances grid performance by enabling real-time data collection, analysis, and response to grid conditions.

  • Saudi Arabia Announces Transformative 3.6 GW Power Projects in Partnership with SEC, ACWA Power, and KEPCO

    Saudi Electricity Company (SEC), ACWA Power, and Korea Electric Power Corporation (KEPCO) have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for two major power generation projects: Rumah 1 and Nairyah 1. With a combined capacity of 3.6 GW, these Independent Power Plant (IPP) projects represent a significant step in advancing Saudi Arabia’s sustainable energy goals. The projects, with an estimated investment of SAR 15 billion (USD 4 billion), will deploy advanced Combined Cycle Gas Turbine (CCGT) technology to transition from oil-based power generation to cleaner, more efficient methods. This shift is expected to reduce carbon emissions, enhance environmental sustainability, and drive economic growth by creating job opportunities and boosting local content.

  • Saudi Arabia, Poland Agree to Bolster Digital Partnership

    Deputy Prime Minister and Minister of Digital Affairs of Poland Krzysztof Gawkowski expressed his endorsement for initiating collaborative digital initiatives with Saudi Arabia, which would benefit both nations. Gawkowski's remarks came during his meeting Tuesday in Warsaw with Federation of Saudi Chambers Chairman Hassan Al-Huwaizi and a delegation of Saudi businessmen. The visit was centered on exploring trade and investment partnership prospects.

  • Saudi Startup Riyadh Air Gets Over 2,500 Slots At Riyadh Airport

    Filings by Airport Coordination Limited (ACL), a slot coordinator that manages over 75 airports in the world, have showed that Riyadh Air has received over 2,500 slots at Riyadh King Khalid International Airport (RUH). According to the slot coordinator’s initial coordination report, airlines had requested a total of 97,130 slots at the airport serving the Saudi Arabian capital, with ACL allocating only 38.7% of the newly requested landing and takeoff rights for the upcoming International Air Transport Association (IATA) summer season, which will begin on March 30, 2025. Nevertheless, with its slot portfolio, Riyadh Air became the fourth-largest airline at the airport, with 2% of the total allocated flight movements. SAUDIA, the flag carrier of Saudi Arabia, will have the largest share of movements, 50.9%.  

  • Embraer’s search for new airplane partner brings Saudi aviation ambitions to the fore

    Yet, Embraer’s chief executive was quick to tell TAC that the glacial progress on China has given way to a growing focus on the Middle East. “Another front, yes, that has progressed better than China is Saudi Arabia,” said Neto unbidden, remarking that the Brazilian plane maker is currently in talks for a “broad collaboration in Saudi.” Embraer is expected to provide a comprehensive update on its business during an investor day on Nov. 18 in New York City.  Embraer’s search for a partner for its next airplane isn’t new. Ever since the demise of its expansive joint venture with Boeing in 2020, Embraer has been seeking a deep-pocketed partner to help foot the bill for a new program, which was initially expected to be a 70 to 90-seat turboprop until Embraer put that project on hold at the end of 2022, citing a lack of availability of sufficient propulsion.

  • Neom CEO departs as Saudi Arabia scales back mega-projects

    Reuters reported in May that the $925bn PIF was weighing a reorganisation, aiming to sharpen its focus on investments that have a higher chance of success. Saudi Arabia, the world’s top oil exporter, is still heavily reliant on hydrocarbon revenues, and low oil prices and production have dented state coffers. Aiman al-Mudaifer was named as acting CEO of Neom. He has been the head of the Local Real Estate Division at PIF since 2018 and has a deep understanding of Neom and its projects, Neom’s statement said.

  • Saudi start-up Ceer teams up with Rimac

    Ceer, the Saudi Arabian EV joint venture (JV) between the Kingdom’s sovereign wealth fund the PIF and Taiwanese electronics heavyweight Foxconn, has signed a deal with Croatia’s Rimac for the supply electric drive systems (EDS) for its planned EVs. upcoming flagship range of EVs. Rimac is aiming to expand from building niche performance BEVs like its own Nevera e-sportscar and the Pininfarina Battista, Aston Martin Valkyrie and Koenigsegg Regera to supply of its technology to more mass-market vehicles.

  • Saudi Arabia Launches Mobile ‘Craftsman Bus’ Showcasing Traditional Arts

    Saudi Arabia’s Royal Institute of Traditional Arts is currently offering amazing cultural and creative experiences through ‘Craftsman Bus,’ the Saudi Press Agency (SPA) reported. The institute has recently launched a platform on wheels to celebrate and revive Saudi traditional arts through an important tour across the Kingdom. Set to run until November 23, the event features live performances, professional workshops and community art displays. Crucially, the bus stops every week at King Faisal Park (Education Park) in Hafr Al-Batin governorate and the historic market in Dumat Al-Jandal governorate. Moreover, it will conclude its journey at the heritage village in Jizan.