SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Aston Martin F1 team deepen Saudi links with Ma’aden partnership

    With a title partnership already in place with state-owned oil giant Aramco, and an additional deal agreed with state-owned Saudia last year, Aston Martin’s links to Saudi Arabia are extensive. The Formula One outfit further strengthened these connections by signing a technical collaboration with Aramco earlier this year, which will see the company deliver advanced fuels. The partnership announcement features comments from Lawrence Stroll, executive chairman of the Aston Martin Formula One team, which is typically rare for a deal like this. It’s also notable as the focus of this deal is on Ma’aden positioning itself as an employer, rather than any particular benefits for Aston Martin.

  • Saudi Arabia’s start-up airline places £6bn plane order in challenge to Gulf rivals

    This is in addition to an earlier agreement for 39 Boeing wide-bodies announced last year, which includes the option for another 33. Chief executive Tony Douglas said the Airbus jets will help “support economic growth” by establishing the comprehensive route network needed to transform the city of Riyadh into a global aviation hub.

  • PIF partners with Google Cloud to create AI hub in Saudi Arabia

    The partnership will provide AI training for millions of Saudi students and professionals, supporting the national objective of expanding the information and communication technology sector by 50 percent. Through Google Cloud’s technology, industries will have enhanced access to AI applications, enabling growth and capacity building. The agreement, subject to regulatory approvals, also includes joint research on Arabic language models and Saudi-specific AI applications.

  • Saudi startup Riyadh Air orders 60 Airbus A321neo planes

    Riyadh Air plans to begin passenger flights next summer and has placed an order for 60 A321neo planes, the largest among Airbus’ best-selling A320neo family, the company said in a statement. “This deal strongly reinforces the positive economic impact of Saudi Arabia’s newest airline on both a global and local scale to facilitate the fast-growing Saudi aviation ecosystem,” Tony Douglas, the CEO of Riyadh Air, was quoted saying in the Airbus statement.

  • 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.

  • Saudi Arabia says 540 companies have chosen Kingdom for regional headquarters

    Saudi Arabia’s investment minister said on Tuesday the number of companies in the Kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500. “Our target was 500 regional headquarters by 2030. I’m glad to announce we have reached 540 by this morning,” Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.

  • Saudi crown prince meets with global leaders including Pakistani PM, Jordanian counterpart

    Saudi Crown Prince Mohammed bin Salman met with Prime Minister Shehbaz Sharif of Pakistan on Tuesday, Saudi Press Agency reported. The prime minister and his accompanying delegation are in the Kingdom to attend the Future Investment Initiative conference. During the conference, Sharif shared with attendees his government was looking forward to forging new partnerships in artificial intelligence (AI), education and health.

  • Saudi FM receives Somali counterpart in Riyadh

    Saudi Foreign Minister Prince Faisal bin Farhan received his Somali counterpart Ahmed Moalim Fiqi in Riyadh on Sunday. During the meeting, the ministers reviewed Saudi-Somali relations and discussed ways to enhance them in various fields. Regional and international developments and topics of common interest were also discussed.

  • Saudi Arabia cleared to buy over 1,000 TOW missiles by US State Department

    Saudi Arabia has requested to buy 507 TOW 2A radio frequency (RF) (BGM-71E-4B-RF) missiles (including seven ‘fly-to-buy’ missiles) and 507 TOW 2B RF (BGM-71F-3-RF) missiles (including seven ‘fly-to-buy’ missiles). The following non-Major Defense Equipment is also included in the deal: support and test equipment; simulators; generators; integration and test support; spare and repair parts; communications equipment; software; facilities and construction support; publications and technical documentation; and various aspects of engineering, logistics, technical, training and programme support.

  • High expectations, new players expected to take part in Saudi Arabia’s FII

    “We see some new big players coming to FII for the first time, and these people are the tech guys. So, you see people from Google, Microsoft, and IBM who were not really present before because they thought that FII would be just a world of bankers and private equities. Now we see the tech companies coming, which is great for us,” Attias said.