SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia in advanced talks over Zambia copper mine stake, Ma’aden CEO says

    Saudi Arabia is in the advanced stages of talks about a stake in a copper mine in Zambia and is expecting a deal by the end of the year, the CEO of Saudi Arabia’s flagship mining company Ma’aden told Reuters on Wednesday. “We are looking at Zambia, we are talking with a company there, with a mine there, so those are pretty advanced stage discussions,” CEO Robert Wilt, who is also vice chairman of Saudi Arabia’s international mining venture Manara Minerals, said.

  • AI Leaders Gather in Saudi Arabia to Talk Energy

    The Ritz-Carlton convention center played host to some bold predictions about the future. Softbank Group Corp.’s Masayoshi Son laid out a vision of superintelligence 10,000 times that of humans by 2035. Elon Musk, in a virtual appearance, said robots would far outnumber humans by 2040. And the Saudis touted plans to make their country an AI superpower, with smart cities and personalized health care.

  • Saudi Arabia Upbeat on FDI as 2030 Goal Remains Distant

    Saudi Arabia’s FDI inflows amounted to about $26 billion last year, above the government’s self-set target but still the lowest level since 2020. The data was recently revised higher, from $19 billion, to reflect what Al-Falih said was a methodology in line with International Monetary Fund standards. The kingdom aims to quadruple FDI inflows by 2030 in a bid to share some of the financial burden of spending on its economic diversification plan. Crown Prince Mohammed Bin Salman’s government also sees foreign expertise as critical to training the local population in new industries like technology and minerals exploration and catalyzing growth in those sectors.

  • Compliance Issues in the Construction Supply Chain in the Kingdom of Saudi Arabia

    The construction industry in the Middle East, especially in the Kingdom of Saudi Arabia (KSA), has witnessed rapid growth due to the mega-projects and Vision 2030, which aims to diversify the KSA’s economy. This expansion has also brought about complex compliance challenges in the construction supply chain. Financiers, developers, contractors, suppliers and stakeholders must ensure adherence to local laws and international standards to enable the successful delivery of projects. Non-compliance with such requirements can result in financial penalties, delays, additional costs and reputational damage.

  • Saudi Arabia Vows to Maintain Its Status as an Oil Giant

    As Saudi Arabia prepares to tender 44 gigawatts (GW) of renewable energy projects, it will continue to maintain its oil-producing potential to ensure global energy security, officials from the Kingdom said at the annual investment forum in Riyadh on Tuesday. Saudi Arabia, the world’s biggest crude oil exporter, will keep its maximum sustainable capacity of 12.3 million barrels per day (bpd) going forward. By 2027, the Kingdom will have more than 1.1 million bpd of production of oilfields currently under development, which are expected to offset the natural decline of legacy fields.

  • Saudi Arabia Looks for More Global Investments in Chemicals Push

    The kingdom is already in talks to buy stakes in companies in China and the state-run Saudi Aramco has said it wants more deals this year and the next. Investing in plants that produce chemicals — which Riyadh sees as a driver of growth of future oil demand — as a way to ensure it has a ready market for its vast crude supply. “We will be using oil to chemicals, domestically and abroad, and that’s why you see us, or you see Aramco investing a lot in China and we will be investing a lot everywhere else on planet Earth,” Saudi Arabia Energy Minister Prince Abdulaziz Bin Salman said at the Future Investment Initiative summit in Riyadh. “In this room in 2019, I did say we will monetize every molecule of energy this land has. Period.”

  • Saudi Arabia is ready to mediate between Russia and Ukraine, TASS cites envoy as saying

    Saudi Arabia is ready to act as a mediator between Russia and Ukraine, Russian state news agency TASS cited the Saudi ambassador to Moscow as saying on Tuesday. It quoted the envoy as saying that the kingdom was supportive of moves to de-escalate the Ukraine crisis and "ready to make intermediary efforts in order to establish contacts between all involved parties". No peace talks have taken place between Russia and Ukraine since the first weeks of the war in 2022, although several outside parties including China and African leaders have come forward with peace initiatives.

  • Saudi Arabia condemns Israeli parliament’s decision to ban UNRWA

    The move “constitutes a flagrant violation of international law and a direct violation of the rules of international legitimacy, in light of the unprecedented humanitarian catastrophe facing the brotherly Palestinian people,” the Saudi foreign ministry said in a statement carried by state news agency SPA.

  • Saudi Arabia, Spain Team Up to Build Advanced Combat Corvettes

    Saudi Arabia and Spain agreed on Tuesday to build three advanced combat ships for the Saudi Navy. This initiative supports the “Sarawat Project,” which aims to enhance Saudi Arabia’s maritime security capabilities. Under this agreement, the new multi-mission combat ships will enhance Saudi Arabia’s readiness against air, surface, and subsurface threats. The ships, classified as “Corvette Avante 2200,” will defend Saudi Arabia’s vital interests, strengthen maritime security, and support the National Defense Strategy aligned with Vision 2030. The new ships will match the five Sarawat Project ships delivered earlier, featuring cutting-edge combat and engineering systems. This agreement highlights the commitment of both nations to bolster naval strength and safeguard regional security.

  • Kering Launches its Kering Generation Award in Saudi Arabia in Partnership with the Saudi Fashion Commission

    The first Saudi edition of this Award program will specifically seek to identify start-ups that have an impact on customer engagement, circular economy and water protection. Together, Kering and the Saudi Fashion Commission commit to driving impactful change by promoting sustainable practices and supporting visionary fashion initiatives that shape a responsible future.