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  • Al-Rabiah to Promote Saudi Auto Industry in U.S.
     

    The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]

     
  • Saudi youth, the issue of unemployment and work ethic
     

    Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective.  In this item he addresses the work ethic of young Saudis, a subject of much debate.  Not surprisingly, there are numerous facets to the discussion […]

     
  • Samsung and Galaxy chocolate top brands in Kingdom in 2012
     

    Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     
  • Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
     

    The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.

     
  • Saudi Arabia’s $220bn spending spree
     

    Even at growth of 3.4 percent, Saudi Arabia’s economy will be the envy of most other large countries. That figure is above the average expected GDP (3 percent) of the G20 nations – of which the kingdom is one – according to Moody’s. And, waiting in the wings, is Saudi Arabia’s vast foreign reserves, which […]

     
  • Saudi Arabia’s 2013 Budget – Jadwa
     

    Budgeted spending is at another all-time high in 2013, as the government continues with its program to upgrade the human and physical infrastructure and spurring economic growth. One highlight of the Ministry of Finance (MoF) budget announcement is the 18 percent jump in revenues. With no new initiatives announced, we think this is a sign […]

     
  • ‘Expansionary’ Saudi 2013 Budget Provides for Record Spending on the Back of 2012 Surplus
     

    A recently released report by Jadwa Investment on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next year.

     

MUST-READS

  • KAUST leads efforts to kickstart an innovative cement industry in Saudi Arabia

    As part of efforts to support the Kingdom in diversifying the Saudi economy and creating innovative new industries, KAUST has announced the Future Cement Initiative (FCI) to guide cement manufacturing. KAUST, the Ministry of Industries and Mineral Resources, and the National Committee of Cement Companies form the core group of founding partners of the FCI. Saudi Arabia’s industrial sectors have surged by 60% over recent years, reflecting the country’s efforts to diversify its economy and position itself as a global manufacturing power. Many of these projects are cement intensive, and a primary goal of the FCI aims to improve the economic and environmental competitiveness of cement manufacturing in Saudi Arabia through the development of cost-effective approaches and innovative technologies. In turn, this will position Saudi Arabia as a leader in the Middle East region’s cement industry.

  • Riyadh Air, Saudi Arabia’s ambitious new airline, just suffered a big setback

    In 2023, Riyadh Air announced it had ordered 39 Boeing 787-9 Dreamliners, with options for 33 more. The airline had expected to take delivery of eight such aircraft this year, but now expected to get just four, Bloomberg reported. As a result, Riyadh Air has pushed its planned launch back from early 2025 to the third quarter.  "We have obviously pivoted like everybody else has on a number of occasions to be able to adjust to the latest forecast," CEO Tony Douglas told the outlet. "I am confident, given the latest forecast, that we'll get deliveries this year," he added. "Is it completely without risk? Obviously no, it's not." Boeing said in a statement: "We continue to work closely with Riyadh Air on their delivery schedule and look forward to supporting Riyadh's inaugural operations."

  • Energy Minister: Saudi aims to extract every ounce of its resources

    Minister of Energy Prince Abdulaziz bin Salman said energy security, affordability, and sustainability depend on urgent, collective, and comprehensive efforts to address the challenges of critical minerals. In his speech at the Future Minerals Forum, the minister said Saudi Arabia is determined to extract every ounce, gram, particle, atom, and electron of its resources. "This is my cause, and I am its advocate. I firmly believe in it," the minister confirmed.

  • LIV Golf announces multiyear media rights deal with Fox Sports

    LIV Golf announced a multiyear media rights agreement with Fox Sports to broadcast the pro golf tour to U.S. viewers, starting in February. The tour’s 14-tournament season will air on Fox, FS1 and other Fox networks, and will also stream on the Fox Sports and LIV Golf+ apps. The LIV Golf League features 13 teams of four golfers each, including two-time major champions Jon Rahm and Bryson DeChambeau. The news comes a day after the Saudi-financed sports organization named Scott O’Neil, the former CEO of Merlin Entertainments and Harris Blitzer Sports & Entertainment, as its new CEO. He replaces Greg Norman, the tour’s first commissioner and CEO, who will remain informally involved with LIV. LIV Golf was previously broadcasted on the Nexstar Media Group-operated CW Network. The upstart golf league struggled to bring in big audiences on The CW.

  • LIV Golf seeks ‘new heights’ with FOX Sports deal

    LIV Golf and FOX Sports have entered into a multi-year media rights partnership to broadcast LIV Golf tournaments across the US. Starting in February, the deal ensures all three days of LIV Golf events will be aired on FOX networks, with over half the season’s schedule featured on FOX or FS1. Additional rounds will be shown on FS2, FOX Business Network, and the FOX Sports App. Altogether, nearly 210 hours of competition will be broadcast live on FOX Sports platforms and the LIV Golf+ app. The broadcasts will retain LIV Golf’s unique production style, including an in-house team, advanced drone footage, statistics-focused graphics, and fast-paced coverage to deliver almost double the number of shots per hour compared to traditional golf broadcasts.

  • Saudi economy expected to grow 3.3% in 2025: IMF

    Saudi Arabia’s economy is expected to grow by 3.3% and 4.1% in 2025 and 2026, respectively, a new report released by the International Monetary Fund (IMF) showed. The fund raised the 2025 growth forecasts from 4.6% previously in October due to extending the OPEC+ output reduction agreement. The IMF cut its growth forecast for the Middle East and North Africa this year, largely reflecting lower expectations for Saudi Arabia's economic growth to 1.3% in 2025, compared to previous estimates.

  • Why Saudi Arabia is so keen on the Turkish KAAN

    The KAAN is a Turkish fifth-generation, multi-role, stealth fighter aircraft developed by the Turkish Aerospace Industries (TAI) and BAE Systems, which is based in London. The project to develop the aircraft began in 2010, with the aim of replacing Turkey’s aging F-16 fleet and boosting Turkey’s autonomy, self-dependency, and overall military and national power. The urgency to develop this aircraft increased after Turkey was removed from the F-35 program in 2019. The KAAN made its maiden flight in February 2024. Riyadh has expressed interest in acquiring F-35 fighter jets since 2017; however, the United States has not committed to the sale, and the situation has been prolonged. Riyadh is likely also feeling unsure about its ability to secure an F-35 deal considering the experiences of its neighbors.

  • Mining sector faces challenges to secure critical minerals: Expert

    The global mining sector is facing major challenges in securing critical minerals that are required for energy transition. Saudi Arabia has strong potential to become a global hub in this field, Peter Bryant, Board Chair of Clareo, told Argaam on the sidelines of the Future Minerals Forum. The challenges encompass various technical, commercial, and social aspects, including technical challenges such as low-quality ores, increasing mining depths, high water and energy consumption in operations, and complexities in waste management. He noted that commercial challenges include a lack of investments, emphasizing that the world requires $1 trillion in investments to meet the demand for metals by 2030, while current investments range only between $20 billion and $30 billion annually.

  • Saudi Founding Day 2025: Everything you need to know

    Saudi Founding Day is a few weeks away – and we’re already excited for the first Saudi public holiday of 2025. On Saturday February 22, the nation will come together to celebrate the founding of the First Saudi State in Diriyah in 1727. Introduced in 2022, Saudi Founding Day has become the first Saudi public holiday of each year, with both public and private sector workers getting a day off. As this year’s public holiday falls on a weekend, stay tuned for official announcements as to whether Sunday February 23 could be a day off, too with all full guide to key dates in 2025.

  • Saudi boxing powerbroker lowering PPV prices amid efforts to combat piracy, grow sport

    Saudi Arabian power broker Turki Alalshikh is working to lower PPV prices around boxing to bring in more buyers and combat piracy, and promoter Eddie Hearn says he’s a supporter of the move. There’s long been a debate within boxing about whether the price of PPVs has gotten too exorbitant, with fights in the U.S. often being being priced around $80 in recent years. But as Alalshikh has become the de facto most powerful person in boxing over the last year, he’s looked into making PPV units more affordable. He appears to be following through on his plan, as multiple fights in recent months have had a PPV price between $20-60 in the U.S. Alalshikh is aligned with DAZN, which is reportedly in advanced talks to receive a major investment from Saudi Arabia’s SURJ Sports Investment Co.