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Saudi Arabia, France Announce ‘Major Partnership’ for Al-Ula Development
- October 8,2019
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- SUSTG Team
France and Saudi Arabia have announced a “major partnership” to develop the area of Al-Ula, a historic site in the Kingdom that is part of its push to bring in tourists and open the Kingdom up to investment. According to The National, the new partnership will take place in three phases, with the first being completed in […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
- October 2,2019
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- SUSTG Team
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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King Salman Opens Jeddah Airport’s New Terminal
- September 25,2019
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- SUSTG Team
Saudi Arabia’s King Salman opened and toured a new terminal at King Abdulaziz International Airport in Jeddah on Tuesday as the Kingdom continues to invest in ambitious plans to transform its tourism sector. The new King Abdul Aziz International Airport Terminal 1 (KAIA Terminal 1) in Jeddah is one of the biggest infrastructure projects undertaken […]
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Trump says he does not want war with Iran, but says Tehran ‘likely’ behind attacks
- September 17,2019
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- SUSTG Team
President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, according to reports, as the world watches how the Kingdom and its allies may respond to Saturday’s strikes. “It’s certainly looking that way at this moment,” Trump […]
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World’s Largest Fund Manager BlackRock Opens Office in Saudi Arabia
- September 5,2019
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- SUSTG Team
BlackRock, the world’s largest fund manager, has opened an office in Saudi Arabia, according to reports, as the company continues forward with plans to capitalize on the government’s economic reforms. A company spokeswoman told Reuters the BlackRock Riyadh office had “opened recently and is headed by Yazeed Almubarak,” the news service reports. Almubarak previously worked at Morgan Stanley […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Houthis attack Saudi oilfield with drone, but output ‘unaffected’
- August 19,2019
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- SUSTG Team
Oil prices rose for the second straight day as a drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, Reuters reports, but the attack “had no impact on oil production.” Energy Minister and Chairman of Saudi Aramco Khalid Al-Falih said the targeted […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 7: Ar Rajajil—The Stonehenge of Saudi Arabia
- August 9,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the final post of the series of seven, Aramco Expats chose the “Stonehenge of […]
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Houthis Reportedly Attack Dammam in Saudi Arabia, Military Parade in Yemen
- August 1,2019
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- SUSTG Team
Yemen’s Houthi group said on Thursday it had targeted a military site in Dammam, Saudi Arabia with a long-range missile and had launched a drone attack on a military parade in Yemen, which killed 30 people, according to reports. The attack in Dammam, which Houthis claim hit a military base, was not immediately confirmed by Saudi […]
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The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 5: Al-Hasa—’The Grandest Oasis of All’
- July 26,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fifth installment of the series of seven, Aramco Expats chose Al-Hasa Oasis in […]
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MUST-READS
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Oil and GasSaudi Aramco will expand into international oil and gas exploration: FT
Aramco has historically stuck to producing Saudi Arabia's vast, low-cost oil reserves, the world's second largest. But Saudi Energy Minister Khalid al-Falih now confirms in an interview with the Financial Times that the company will look overseas for oil and natural gas prospects.
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PetrochemicalsDaelim joins Aramco and Total for Saudi Arabia’s first PIB plant
Saudi Arabia's first factory to produce polyisobutylene (PIB), a chemical with a wide array of industrial uses, is set to be built following an agreement between global industrial giants.
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Saudi AramcoSaudis to Keep Aramco’s Hold on Oil Intact Ahead of Share Sale
“There is no intention whatsoever to chip away at Aramco’s exclusivity and its concession,” Saudi Energy Minister Khalid Al-Falih told reporters on Saturday when asked whether the opening to international investors would extend to upstream oil and gas assets.
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Saudi AramcoAramco, Air Products to build first Saudi hydrogen fuel cell vehicle fuelling station
Saudi Aramco and Air Products and Chemicals Inc said on Friday they agreed to jointly build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia.
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U.S.-Saudi RelationsSaudi Aramco eyes multi-billion-dollar U.S. gas acquisitions: CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday.
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Saudi AramcoSaudi Aramco talking to credit rating agencies before bond deal
Saudi Aramco is talking to credit rating agencies ahead of its landmark bond deal, the chief executive of Saudi Arabia’s state-owned oil company told Bloomberg television.
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Saudi AramcoSaudi Aramco and Total JV to Hire SMBC to Advise on Funding
Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom, according to people with knowledge of the matter.
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Saudi AramcoSaudi Arabia plots new path to long-delayed Aramco IPO
"That shows that Aramco's hesitation about doing an IPO is not about keeping information private," said Ellen Wald, an independent energy policy analyst at Transversal Consulting. "It's not because they're hiding something."
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Saudi AramcoOil Giant Saudi Aramco to Issue First Global Bond This Year
Saudi Aramco plans to tap the debt market in the second quarter to finance the acquisition of petrochemical giant Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.
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Saudi AramcoSaudi Aramco said to finalise Russian pumping equipment deal
Finalisation has been achieved on a deal that could see Saudi Aramco purchasing equipment from a Russian company for the first time, with the support of Russia’s government-backed sovereign wealth fund.
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