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The 966 Episode 19: Saudi Arabia’s ‘Nitaqat’ Reforms and Doing Business in Riyadh with Guest Chris Johnson
- December 31,2021
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- SUSTG Team
Episode 19 of The 966 weekly podcast with special guest Chris Johnson, managing attorney, Johnson & Pump and Chairman, MECACC & KKR Saudi Arabia. Chris is a resident of Riyadh and, along with his legal work, publishes a terrific weekly newsletter. The hosts and Chris discuss a handful of topics including Nitaqat in Saudi Arabia, […]
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A Special Holiday Edition of The 966: Extended ‘Yallah’ Conversation Covering 10 Top Storylines in Saudi Arabia This Week
- December 24,2021
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- SUSTG Team
The 966 kicks off the holiday season with a special edition of the weekly format. The hosts discuss airport takeovers, Soundstorm, The PGA’s standoff with a new Saudi-backed challenger league, the Jeddah Central project, Omicron in Saudi, and more.
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Two Saudi Women to Compete in Dakar Rally 2022, a First for Kingdom
- December 15,2021
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- SUSTG Team
Two Saudi women, Mashael Al-Obaidan and Dania Akeel, will be the first female drivers from Saudi Arabia to compete in the Dakar Rally next month, Reuters reports.
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The 966 E13: Tapping the strategic petroleum reserve, Saudi Arabia’s Covid-19 response, and ‘sportswashing’
- November 29,2021
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- SUSTG Team
On this week’s episode of The 966, the hosts talk about Saudi Arabia’s upcoming EDM festival, called Soundstorm, the start something big for women’s soccer in the Kingdom, President Biden’s decision to tap the SPR, Saudi Arabia’s enviable Covid-19 response, and why “sportswashing” is used to describe Saudi Arabia – but doesn’t come close to […]
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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
- November 19,2021
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- SUSTG Team
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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Race to the Finish for Saudi Arabia’s F1 Circuit Track Construction in Jeddah; Officials Say Track will be Ready
- November 9,2021
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- SUSTG Team
Despite media reports that say there is a lot of work left to be done, Formula One’s governing body has said it is confident Saudi Arabia will be ready for its grand prix debut next month, multiple sources told Reuters. The race is set to run at night under the lights in Jeddah on December […]
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
- October 26,2021
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- SUSTG Team
The first day of the Future Investment Initiative (FII) conference kicked off this morning in Riyadh with a focus on investing in humanity, sustainability, and impactful investing. The FII comes just a day after the Saudi Green Initiative and Middle East Green Initiative Launch Events that concluded yesterday in the Saudi capital.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
- October 7,2021
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- SUSTG Team
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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Saudi Arabia Steps Up Pressure on Residents to Vaccinate with New Restrictions on Public Spaces
- July 21,2021
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- SUSTG Team
Saudi Arabia is stepping up pressure on its citizens and residents to receive both doses of a COVID-19 vaccine with a new announcement confirming that most public spaces, malls, and other areas will be open to only those who are vaccinated, according to Arab News.
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MUST-READS
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How sports is inspiring Saudis to defy restrictive norms and expectations
In August 2023, the Saudi Sports for All Federation (SFA) launched the Museum of Extinct Mobility, a virtual reality experience that alerted Saudis to what a dystopian motionless life would look like if they were to continue with a sedentary lifestyle. Over 14,000 participants engaged with the virtual museum in just one month, and what has become an awakening campaign succeeded in driving 710,000 actions and sparking vital conversations about physical activity.
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Top US consultancies face scrutiny over role in Saudi Arabia’s sports push
Major US consultancies who have advised Saudi Arabia on its global sports spending spree – including its proposed takeover of golf’s PGA Tour – are coming under fire in Washington for possible violations of federal disclosure laws. Four prominent consulting firms, including McKinsey, have been accused of refusing to fully comply with subpoenas for information about their work for the oil-rich kingdom by the Senate permanent subcommittee on investigations. The Senate panel has been conducting an inquiry into authoritarian governments’ efforts to deploy soft power and other influence strategies in the US.
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Saudi-Backed Esports Firm to Run New ‘Overwatch’ Competitions
The series replaces the Overwatch League, an attempt by Activision Blizzard, now owned by Microsoft, to run city-based teams where fans could cheer their local franchises much as they do with football or baseball. After the league failed to live up to its ambitions, Activision Blizzard offered team owners $6 million each to exit — or $114 million. ESL is part of the Savvy Games Group, a video-game unit of the Saudi sovereign wealth fund.
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E-Sports in Saudi Arabia receives $45 million investment
The rapidly growing gaming market in Saudi Arabia has received a huge boost after Dubai-based e-sports brand, True Gamers, signed a franchise deal worth $45 million with investment firm, Falak, reports Meed. The investment will involve the creation of 150 e-sports clubs across Saudi and seeks to capitalize on a market that is expected to expand by over 8% annually over the next three years, eventually meeting a market value of $1.3 billion by 2027.
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Saudi-Backed Esports Firm to Run New ‘Overwatch’ Competitions
ESL will operate the Overwatch Champions Series in North America, Europe, the Middle East and Africa starting in February. A Korean esports company, WDG, will run a circuit in Asia, where many professional Overwatch players live. A new “open” format will allow high-level players to compete regardless of whether they are amateur or professional. The series replaces the Overwatch League, an attempt by Activision Blizzard, now owned by Microsoft, to run city-based teams where fans could cheer their local franchises much as they do with football or baseball. After the league failed to live up to its ambitions, Activision Blizzard offered team owners $6 million each to exit — or $114 million.
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The real reason the Saudi government is investing in sports. Hint: It’s not to impress you.
If Americans persist in seeing Saudi sports investments primarily as “sportswashing,” they will be scoring own goals. The Saudis will not end their investments in this sector or in many other sectors of the US economy, such as the 60 percent stake it holds in Lucid Motors or its significant investments in Activision Blizzard and Uber. Instead, US-Saudi tensions will cause rifts among athletes, sponsors, and fans, and may preclude cooperation that could be a win-win.
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Saudi Arabia sports push embraces snooker, with a golden ball
Saudi Arabia will hold its first major invitational snooker event in March as the kingdom continues to make sizable investments into a growing number of sports. The “Riyadh Season World Masters of Snooker” will take place between March 4 to March 6 at Boulevard Arena in the capital of Riyadh. The inaugural event will feature some of the world’s top snooker players, including Ronnie O’Sullivan — widely recognized as one of the most talented players in the sport’s history — 2019 world champion Judd Trump and 2023 world champion Luca Brecel.
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The real reason the Saudi government is investing in sports. Hint: It’s not to impress you.
Understanding the changes occurring in Saudi Arabia is critical for US policymakers and American companies, especially since more big Saudi sports investments are likely around the corner and Riyadh is part of a changing “middle power” geopolitical landscape. The negotiations around the PGA/LIV merger passed a December 31, 2023 deadline but are continuing, with reports that US investors may join the new entity.
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Saudi Arabia’s Sports Profile Shows No Signs of Slowing
Saudi Arabia’s fast-growing power as a sports market is now even more evident, as the country has formed a relationship with one of tennis’s all-time greats and could get an improved UFC event later this year. Rafael Nadal, a 22-time major tournament winner, has signed on as an ambassador for the Saudi Tennis Federation. Nadal will promote tennis in the country and plans to build an academy there. The move arrives as Saudi Arabia continues to face widespread scrutiny for its widely rebuked human rights record and accusations of sportswashing. “Everywhere you look in Saudi Arabia, you can see growth and progress, and I’m excited to be part of that,” Nadal said. “I want to help the sport grow far and wide across the world, and in Saudi [sic] there is real potential.”
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HRH Reema Bandar Al-Saud Chairs the Women’s Sports Committee Meeting
HRH Reema Bandar Al-Saud, member of Board of Directors at the Saudi Olympic and Paralympic Committee, chaired the third meeting of the current cycle of the Women’s Sports Committee today in Prince Faisal bin Fahad’s Olympic Complex in Riyadh. The meeting reviewed the committee’s activities for the past year of 2023, and discussed the action plan for 2024. The recommendations from the meeting will be presented to SOPC’s board in its upcoming meeting. The Women’s Sports Committee was reapproved by SOPC’s Board during its last meeting in June, with HRH Princess Reema Bint Bandar ALSAUD as the chair and Adhwa Al-Arifi, Dr.Khalid Alyahya, Abeer Al-Fouti, Fahad Al-Haqbani, Samia Jabarti, Dr Maha Bin Yousef Senior Advisor to HRH the president of Committee, Dr.Lana bin Saeed, and Andrew Hibbert, as members, along with committee secretary Moudy Al-Sudairy.
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