Recent stories from sustg

• Aramco launches first quantum computer in Saudi Arabia
  • May 20,2024

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  • SUSTG Team
   

  Aramco has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in Saudi Arabia.  

   
• U.S. and Saudi Arabia enhance energy cooperation agreement
  • May 17,2024

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  • SUSTG Team
   

  Building on the Partnership for Advancing Clean Energy Agreement signed in Jeddah on July 15, 2022, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy of Saudi Arabia, met with U.S. Secretary of Energy Jennifer Granholm in Riyadh to set a detailed timeline for collaborative projects.

   
• Growing Saudi female sports participation triggers retail growth
  • May 16,2024

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  • SUSTG Team
   

  Writing for Jing Daily, Julienna Law reports that Saudi Arabia’s sportswear and athleisure apparel market is set to boom as women, in particular, become more active in sports.

   
• Saudi Entertainment Ventures (Seven) and Qiddiya Combine
  • May 15,2024

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  • SUSTG Team
   

  Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector.

   
• Fakeeh Care Group 119 times oversubscribed as Saudi IPO market heats up
  • May 14,2024

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  • SUSTG Team
   

  Investors put in $91 billion of orders for Fakeeh Care Group’s IPO which is set to be the Tadawul’s biggest listing of the year.  

   
• Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
  • May 13,2024

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  • SUSTG Team
   

  Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market.

   
• Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
  • May 9,2024

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  • SUSTG Team
   

  Johnson Controls Arabia (JCA) hosted an export milestone event at its YORK Manufacturing Complex at the King Abdullah Economic City (KAEC) to mark the company’s latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase, the […]

   
• Saudi Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
  • May 8,2024

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  • SUSTG Team
   

  Saudi Arabia’s Aramco said it expects to pay full dividends to its shareholders, including the Public Investment Fund of Saudi Arabia, “despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold,” Reuters reports.

   
• Saudi Internet Penetration Reaches 99%
  • May 7,2024

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  • SUSTG Team
   

  According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.  

   
• Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
  • May 6,2024

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  • SUSTG Team
   

  In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.

   
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