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IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021
- May 4,2021
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- SUSTG Team
The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.
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Saudi Arabia Red Sea Development Co. On Track to Clinch $3.7 ‘Green Loan’ from Local Banks
- April 20,2021
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- SUSTG Team
Saudi Arabia could be just weeks away from clinching the first significant funding package for a key part of Crown Prince Mohammed bin Salman’s program to diversify the Kingdom’s economy, Bloomberg reports. The Red Sea Development Co.’s 14 billion-riyal ($3.7 billion) loan is set to close with a small group of local banks including Saudi National […]
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Johnson Favored as Saudi Arabia Gears Up for 3rd Saudi Invitational; Nicklaus Agrees to Design New Course at Qiddiyah
- February 2,2021
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- SUSTG Team
Saudi Arabia’s flagship annual golf tournament begins Thursday with world number one golfer Dustin Johnson as the favorite to win at the Royal Greens Golf Club in King Abdullah Economic City, Saudi Arabia. The Saudi Invitational, presented by the Public Investment Fund offers a purse of €3,019,002 ($3,630,712.19), with the strongest-yet field of 138 players set to compete. 12 Major […]
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Saudi Arabia’s Public Investment Fund Launches 5-Year Strategy, Including VRP Program for 2021-2025
- January 25,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced a new five-year investment strategy, including its own Vision Realization Program (VRP) 2021-2025, with the goal of doubling its assets to 4 trillion riyals ($1.07 trillion) by 2025, according to comments made by Crown Prince Mohammed bin Salman in a public appearance on Sunday.
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Gulf Rift Ends after 42 Months; Qatari Emir Heads to GCC Summit as Skies, Borders Re-Open
- January 5,2021
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- SUSTG Team
Saudi Arabia and other GCC nations effectively ended their 42 month-long rift with neighboring Qatar on Monday, signaling a new era in Gulf political and economic relations and bringing to a close a long dispute begun in June 2017.
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Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space
- December 29,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports. The PIF said Tuesday it had established a company to develop and expand the private security sector in the Kingdom, creating the National Security Services Co. (SAFE). SAFE will focus on […]
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Saudi Arabia, Qatar Near Deal to End Three Year Rift — Report
- December 3,2020
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- SUSTG Team
Saudi Arabia and Qatar are nearing a “preliminary deal” to end a three-plus year rift between the two Gulf nations, according to Bloomberg.
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Saudi Arabia Plans $2 billion Boost for Space Program by 2030
- October 28,2020
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- SUSTG Team
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space program, The Saudi Space Commission (SSC), by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis, Reuters reports.
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Saudi Arabia, UK further talks on space and technology collaboration
Senior officials from Saudi Arabia and the UK expanded talks on how the two countries can increase collaboration on a number of innovative fields, including space and technology, on the sidelines of the World Defense Show in Riyadh. Eng. Abdullah bin Amer Al-Swaha, Minister of Communications and Information Technology and British Secretary of Investment Lord Gerald Edgar Grimstone discussed expanding bilateral cooperation in digital economy between Saudi Arabia and the UK. The pair also reviewed how the strategic partnership between the two countries could be strengthened in technology, space and innovation, and developing joint digital projects, including One Web-Neom Tech, state news agency Saudi Press Agency reported Sunday.
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Saudi Arabia’s World Defense Show ready for launch after selling out all exhibition space
Saudi Arabia’s World Defense Show, the global defense and security event to be held in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman, has officially sold out all exhibition space and is ready to open its doors from March 6-9, 2022. On March 5, as a pre-cursor to the inaugural World Defense Show, the first-ever Riyadh Defense Forum will be conducted by the International Institute for Strategic Studies (IISS). This high-level, invite-only, forum will host hundreds of the most influential military and political figures from across the globe and feature engaging dialogue on the global defense landscape. The IISS Riyadh Defense Forum will be followed by a city-wide Flying Salute, seeing international military aircraft take to the skies of Riyadh.
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IRGC declares space launch advance as JCPOA talks continue
The Islamic Revolutionary Guard Corps (IRGC) has tested a new solid-fuel satellite carrier rocket that some observers say will help Iran carry out more frequent launches. Importantly, a conservative Iranian outlet says the test suggests that Tehran intends to more than double the range of its ballistic missiles. This comes amid the ongoing efforts in Vienna to revive the 2015 Iran nuclear deal.
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Saudi Space Commission signs agreement with French National Centre for Space Studies
It provides a framework for cooperation in space activities, including exchanging information and technologies, capacity building, organizing mutual visits and meetings, holding workshops and training courses.
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Iran says rocket sends three ‘research payloads’ into space
Iran has used a satellite launch rocket to send three research devices into space, a defence ministry spokesman said on Thursday, as indirect U.S.-Iran talks take place in Austria to try to salvage a 2015 nuclear deal.
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Air Force Breakthrough Brings Space-Based Solar Power One Step Closer
What’s the best way to power the remote bases of the future? The U.S. military has looked at all sorts of options, from algae-based diesel to small nuclear reactors. On Tuesday, the Air Force Research Lab, or AFRL, announced a breakthrough in a long-envisioned method: solar power collected in space and streamed to Earth in the form of microwaves.
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Satellite images, expert suggest Iranian space launch coming
The likely blast off at Iran’s Imam Khomeini Spaceport comes as Iranian state media has offered a list of upcoming planned satellite launches in the works for the Islamic Republic’s civilian space program, which has been beset by a series of failed launches. Iran’s paramilitary Revolutionary Guard runs its own parallel program that successfully put a satellite into orbit last year.
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Saudi Space Commission signs agreement with French National Centre for Space Studies
Saudi Space Commission has signed a joint cooperation agreement in the field of the peaceful use of outer space with the French National Centre for Space Studies (CNES). It comes amid French President Emmanuel Macron’s visit to Saudi Arabia.
- Saudi Space Commission launches Space101 training programme
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KAUST startups combine to win NASA’s Deep Space Food Challenge
NASA’s Grand Challenges are open to leading-edge companies who offer solutions that solve space-related problems with novel capabilities. As astronauts need a healthy diet in space, the Deep Space Food Challenge called for new food production technologies that require minimal resources and generate limited waste to provide nutritious food for long-duration missions.
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