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Saudi Arabia’s PIF Officially Takes Over Management of Riyadh’s King Abdullah Financial District
- November 22,2017
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund finalized the take over of the management of Riyadh’s US$10 billion unfinished King Abdullah Financial District (KAFD), a large financial hub on the outskirts of the city, as the government attempts to revive the project. Bloomberg reports the project also has a new leader. KAFD’s final development will be run by real […]
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In WSJ Op-Ed, Al-Qassabi Says Kingdom Will Not Avoid Short-Term Difficult Decisions to Eradicate Corruption, Actualize Vision 2030
- November 14,2017
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- SUSTG Team
In a op-ed published in the Wall Street Journal, Saudi Arabia’s Minister of Commerce and Investment Dr. Majed Al-Qassabi addressed critics of the Kingdom’s anti-corruption efforts and says the actions taken last week are evidence that Saudi Arabia is facing a “watershed moment” to eradicate the scourge of corrupt practices. “Saudi Arabia is a rich […]
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Trump Tweets U.S. Interest for Aramco IPO, but can the NYSE Compete?
- November 8,2017
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- SUSTG Team
President Donald Trump used his Twitter account to encourage Saudi Arabia to list shares of Saudi Aramco on the New York Stock Exchange (NYSE) as markets around the world compete for the sought-after listing. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United […]
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Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
- November 7,2017
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]
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Investors, Analysts with Mixed Interpretations After Wild Weekend in Saudi Arabia
- November 6,2017
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- SUSTG Team
Investors and analysts are mixed in their reactions after a wild weekend for Saudi Arabia that put the Kingdom into the international spotlight. Within the span of just days, Saudi Arabia said it shot down a missile that nearly hit Riyadh’s international airport, launched a new corruption body that immediately arrested some of Saudi Arabia’s wealthiest international businessmen and […]
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Saudi Arabia will Introduce Tourist Visas ‘Soon’, Tourism Authority Head Confirms
- November 1,2017
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- SUSTG Team
Saudi Arabia plans to start issuing tourist visas “soon,” Prince Sultan bin Salman bin Abdul Aziz, head of the Saudi tourism authority, said in a statement according to several reports. Prince Sultan did not give an exact time frame. The Kingdom issues separate visas for the millions of pilgrims that visit Saudi Arabia each year for […]
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KAPSARC’s New Headquarters Near Riyadh, Designed by Zaha Hadid Architects, Receives LEED Platinum Status
- October 27,2017
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- SUSTG Team
The futuristic-looking new headquarters of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) on the outskirts of Riyadh has received LEED Platinum certification—the first of Zaha Hadid Architects’ projects to receive the title. KAPSARC is a non-profit dedicated to studying energy and their environmental impacts. The new 230,000 square-foot campus comprises five buildings and cuts a striking figure against […]
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What We Know About Neom, Saudi Arabia’s New Planned Mega-City
- October 25,2017
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- SUSTG Team
Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]
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Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
- October 24,2017
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]
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Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
- October 19,2017
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- Lucien Zeigler
Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]
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MUST-READS
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Saudi-GermanyAnger in Berlin after Saudi driver who killed cyclist claims diplomatic immunity
The German foreign ministry has sent a verbal note to the Saudi embassy over the incident. Under diplomatic treaties, the German authorities can ask Saudi Arabia to waive the man’s immunity so he can be prosecuted, or formally expel him.
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Qatar DisputeCavusoglu meets Gulf envoys to discuss diplomatic rift
Turkey's foreign minister on Monday held a joint meeting with ambassadors from Saudi Arabia, Bahrain and the United Arab Emirates in the capital, Ankara, to discuss a Gulf diplomatic rift, a diplomatic source told Turkey's state media.
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SyriaIranian-Backed Militias Employ Drone Against U.S. Forces in Syria
American and coalition forces operating in southeast Syria were attacked Thursday by a drone that hit a coalition patrol, part of a rapidly escalating war with Iranian-backed militias in the country, according to the Pentagon.
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Qatar DisputeQatar row: Calls for diplomatic talks to end Gulf crisis
"People have stormed into the supermarket hoarding food, especially imported ones," one Doha resident, Eva Tobaji, told Reuters. "It's chaos - I've never seen anything like this before."
- Newsweek - Qatar's Gulf Allies Have Had Enough of Doha's Broken Promises
- Independent - Saudi and UAE banks suspend business with Qatari banks amid diplomatic crisis
- The Guardian - 2022 World Cup in Qatar under threat as Saudi Arabia joins blockade
- CAPA - Qatar Airways Middle East landing & airspace restrictions; wider ramifications for global aviation
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Saudi-RussiaRussia, Saudi Arabia Explore Expanding Oil Alliance to Middle East Troubles
Russia and Saudi Arabia are taking steps to deepen their economic and political ties, after an alliance between the world’s two biggest oil exporters cemented a deal last week to keep withholding output and boost crude prices.
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Saudi-IranMattis: Iranian plot to kill Saudi ambassador was approved at ‘highest level’
US Defense Secretary James Mattis said in a televised interview this week that an Iranian plot to kill the then Saudi ambassador to Washington Adel al-Jubeir was an “operation approved at the highest level.”
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Arab Space ProgramsThe Arabs hoping to explore space
On a recent visit to the United Arab Emirates, Virgin boss Sir Richard Branson reaffirmed plans to build a space port in Abu Dhabi within two years. It is just the latest development in a fledgling local space industry that sees big profits in extraterrestrial exploration.
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U.S.-Saudi RelationsShift In U.S.-Saudi Relations Might Be Trump’s Most Dramatic Diplomatic Achievement Yet
It may be starting to achieve just that following a behind the scenes breakthrough in U.S.-Saudi relations that may be the most dramatic diplomatic achievement during Trump’s first hundred days in office.
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Saudi-IranPerspective: Is the Diplomatic Tide Shifting in the Rivalry Between Saudi Arabia and Iran?
n the contest between Saudi Arabia and Iran, a defining rivalry in the greater Middle East, the tables have turned on the diplomatic front. Until a few months ago, Iran was clearly making progress. Now that has changed.
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LibyaLibya Civil War: U.S.-Made Airplanes Deployed by UAE
The planes offer fresh evidence of a clandestine proxy war in Libya, in which Egypt, the U.A.E., and Russia are siding with Haftar in a military campaign against forces allied with the U.N.-brokered government. Officials in Haftar’s camp accuse Turkey and Qatar of arming Islamist-leaning militias.
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