SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia to boost private sector investments in manufacturing: deputy minister

    Saudi Arabia aims to bolster private sector investment in the manufacturing industry, capitalizing on the Kingdom’s swift growth, according to a top official. During his opening speech on the second day of the Riyadh International Industry Week 2024, Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah pointed out that partnership with non-government bodies is of great importance in achieving industrial development in the Kingdom.

  • Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation

    Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha recently held a meeting in Jeddah with Taro Kono, Japanese minister for Digital Transformation, along with his accompanying delegation. During the meeting, Al-Swaha and Minister Kono discussed the potential for expanding investment opportunities in the digital field between their respective countries. The aim of this collaboration is to support the growth of the digital economy and foster innovation.

  • Saudi Arabia’s private sector workers grow to 11.3M in April

    The total number of workers in the Saudi private sector reached 11.27 million in April 2024, the National Labor Observatory said. The total number of nationals working in private-sector entities stood at 2.36 million in the same month, of which male and female workers accounted for 1.39 million and 970,240, respectively. Meanwhile, the number of expats working in the private sector reached 8.92 million. Meanwhile, a total of 18,540 Saudis joined the private sector workforce for the first time.

  • Saudi Arabia’s private sector workers grow to 11.3M in April

    The total number of workers in the Saudi private sector reached 11.27 million in April 2024, the National Labor Observatory said.   The total number of nationals working in private-sector entities stood at 2.36 million in the same month, of which male and female workers accounted for 1.39 million and 970,240, respectively. Meanwhile, the number of expats working in the private sector reached 8.92 million.   Meanwhile, a total of 18,540 Saudis joined the private sector workforce for the first time.

  • Scenario-mapping: Iranian conservative media think out Israel’s next steps

    Amid anticipation of Israeli reprisals for Iran’s Apr. 14 attack on military sites in Israel, Iranian media is rife with speculations about possible scenarios ahead. Speaking to pro-reform Sharq daily, controversial pundit and retired professor Sadeq Zibakalam said it would be unwise not to get prepared for the worst-case scenario, referring to all-out war. Reviled by hardliners, Zibakalam has come under sharp criticism from conservatives in recent days over his warnings about major threats ahead.

  • Saudi Arabia’s private sector workers grow to 11.2M in March

    The total number of workers in the Saudi private sector reached 11.24 million in March 2024, the National Labor Observatory said.   The total number of nationals working in private-sector entities stood at 2.37 million in the same month, of which male and female workers accounted for 1.39 million and 975,700, respectively. Meanwhile, the number of expats working in the private sector reached 8.87 million.

  • Saudi Arabia’s private equity investments reach $4B in 2023

    Saudi Arabia witnessed an increasing interest in private equity investments from 2019 to 2023, MAGNITT said in a recent report. The Kingdom's private equity investments reached a peak of nearly $4 billion in 2023, recording growth for three consecutive years since 2020.

  • ‘Reef Saudi’ Invests USD16.2 Million to Elevate Saudi Arabia’s Coffee Production

    The ‘Reef Saudi’ initiative, focused on Sustainable Agricultural Rural Development, is revolutionizing the Kingdom’s coffee industry. Since 2020, an initial investment of SR61 million has empowered 3,718 individuals engaged in coffee cultivation and production. This commitment signals a transformative surge in Saudi Arabia’s coffee output, soaring from 800 tons in 2020 to 1,485 tons in 2023, marking a remarkable 37% increase.

  • Saudi low-cost airline flyadeal’s vision to be a pioneer and innovator “investing in disruptive technology to make the passenger experience simple, efficient and user-friendly”

    Steven Greenway was appointed CEO of Saudi low-cost airline flyadeal in January 2024. “The pace at which the Kingdom is growing with mass investment in infrastructure, including aviation and tourism, is just staggering,” Greenway begins. “So for me, it was about taking a deep breath and a holistic overview of what’s happening.

  • Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

    Saudi Real Estate Co. (Al Akaria) has announced the signing of a contract with Diriyah Gate Company Limited (DGCL) for the implementation of “Excavation for Metro-Box Central, Metro-Box South, and Metro-Box East and Related Works,” through one of its subsidiaries, Saudi Real Estate Infrastructure Company (Binyah), at a value of SAR722 million ($192.48 million).