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Report Says ‘Comprehensive Solution’ for Yemen Civil War under Negotiation between Saudi Arabia, Houthis
- March 16,2018
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- SUSTG Team
Saudi Arabia and armed Houthi forces are holding heretofore secret talks to try to end the three-year-old war, diplomats and Yemeni political sources told Reuters. Two diplomats and two Yemeni officials said Houthi spokesman Mohammed Abdul-Salam had been in direct communication with Saudi officials in Oman on a “comprehensive solution” to the conflict, the report said. “There are consultations […]
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Shrugging Off Uncertainty, Investors Pour Money into Saudi Arabia with ‘Strong Underlying Fundamentals’
- March 15,2018
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- SUSTG Team
Saudi Arabia is “the hottest emerging market” right now as investors appear to be shrugging off concerns surrounding last year’s crackdown on corruption and with optimism surrounding Vision 2030’s economic and social reforms now coming into effect, CNN Money reports. “Equity funds investing in Saudi Arabia saw net inflows of $110 million between the start […]
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Saudi Government Aims for $57 Billion Growth in Mortgage Industry by 2020, Report Says
- March 14,2018
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- SUSTG Team
Saudi Arabia’s housing ministry has set a target for the mortgage market to reach a total value of 502 billion riyals ($134 billion) by 2020 from a current 290 billion riyals ($77.3 billion), according to a report in Reuters which cited the Kingdom’s minister of housing Majed al-Hogail. That goal can be reached through new efforts […]
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Saudi Aramco IPO Delayed Until 2019, Financial Times Reports for Second Time
- March 12,2018
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- SUSTG Team
Saudi Aramco’s long-awaited IPO “could be delayed until 2019 at the earliest,” the Financial Times reported on Sunday, citing British officials briefed on the matter. It is the second time the London-based newspaper was the first to report that the IPO would be delayed. The Financial Times reported the same news in September, but Saudi officials […]
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Oil Revenues Above Saudi Budget Breakeven Price Will Go to PIF Coffers, Al Tuwaijri Says
- March 9,2018
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- SUSTG Team
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia’s massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning. “Whenever oil is above our break-even point, this will all go to the PIF,” he said, as reported in the Financial Times, without […]
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Saudi Arabia, United Kingdom Pledge Billions in Bilateral Trade and Investments
- March 8,2018
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- SUSTG Team
Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman’s visit in London with billions in deals eyed in the coming years. Saudi Arabia’s crown prince and the U.K.’s prime minister launched an economic and investment partnership called the U.K.-Saudi Arabia Strategic Partnership […]
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Saudi Officials, Current and Former, Downplay Oil Demand Concerns
- March 7,2018
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- SUSTG Team
Saudi officials downplayed the risk of waning demand for oil as electric vehicles become more mainstream, according to comments made by Saudi Aramco’s CEO Amin Nasser and by former Minister of Petroleum Ali Al Naimi. According to comments at the CERAWeek by IHS Markit conference on Tuesday reported by Bloomberg, Nasser said he is “not […]
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Crown Prince Mohammed bin Salman Visits UK on Wednesday with Billions in Deals Eyed
- March 6,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman will arrive to the United Kingdom on Wednesday, his second stop in a multi-national tour with a broad economic and diplomatic agenda. The Crown Prince is due to meet Prime Minister Theresa May and other senior ministers, members of the royal family, as well as security officials and […]
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Flurry of Deals as Crown Prince Mohammed bin Salman Visits Egypt
- March 5,2018
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- SUSTG Team
After a unique military escort given by Egyptian fighter jets and a warm welcome from Egypt’s top leaders upon arrival, Saudi Arabia’s Crown Prince Mohammed bin Salman wasted little time in dealmaking with Egypt’s President Abdel Fattah El-Sisi. The two countries moved forward on several major agreements. Saudi Arabia and Egypt agreed to set up a $10 […]
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Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
- March 2,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]
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Over 230,000 Civilians Killed in Syria Since 2011
The al-Assad family’s regime has fallen after 54 years of power. In a two-week long offensive, Syrian rebels swept across the country, capturing Damascus and, on December 8, President Bashar al-Assad fled to Moscow. Mohammed al-Bashir, who leads one of the armed opposition groups (Hayat Tahrir al-Sham), has now taken charge as interim prime minister until March 1. It’s been 13 years since a popular uprising in Syria was met with a heavy crackdown from the regime, leading to a civil war that internally displaced 7.2 million people and forced a further 6.4 million Syrians to flee abroad as refugees. Data from the Syrian Network for Human Rights (SNHR) states that more than 230,000 civilians were killed between March 2011 and March 2024, with 30,193 children and 16,451 women included in the death toll.
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Saudi Crown Prince announces creation of Supreme Commission for Hosting 2034 World Cup
The Crown Prince will be the chairman of the Board of Directors of the commission, of which the members include Minister of Sports Prince Abdulaziz bin Turki Al-Faisal; Minister of Interior Prince Abdulaziz bin Saud bin Naif; Minister of Culture Prince Badr bin Abdullah; Minister of State and Member of the Council of Economic and Development Affairs Mohammed Al-Sheikh; Minister of Municipalities and Housing Majid Al-Hogail; Minister of Finance Mohammed Al-Jadaan; Minister of Communications and Information Technology Eng. Abdullah Al-Swaha; Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi; Minister of Transport and Logistics Eng. Saleh Al-Jasser; Minister of Tourism Ahmed Al-Khateeb; Minister of Health Eng. Fahd Al-Jalajel; Minister of State and Chairman of the Board of Directors of the Development Bodies Support Center Eng. Ibrahim Al-Sultan; Chairman of the Board of Directors of the General Entertainment Authority Turki Al-Sheikh; Governor of the Public Investment Fund Yasir Al-Rumayyan; Advisor to the Royal Court Dr. Fahad Toonsi; Advisor to the Royal Court Abdulaziz Tarabzouni; and Chairman of the Board of Directors of the Saudi Football Federation Yasser Al-Misehal.
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2034 Saudi Arabia World Cup: Host cities, stadiums and all you need to know
A total of 15 stadiums will be used, eleven of which will be new. To host the 48-team World Cup, the kingdom needs 14 all-seater stadiums capable of holding at least 40,000 people. It currently has two: Jeddah's King Abdullah Sports City Stadium and Riyadh's King Fahd International Stadium, which is undergoing a major refit. By the time 2034 arrives, Saudi Arabia is likely to be home to some of the world's leading stadia. Saudi Arabia will become the second Middle Eastern country to host a Fifa World Cup after the kingdom was confirmed as the hosts for the 2034 global finals. The decision was a mere formality with Saudi Arabia the sole bidders to host the 25th edition of the World Cup. The tournament will see 48 national teams take part. Here is everything we know so far about the 2034 World Cup.
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Australia players union slams FIFA over 2034 Saudi World Cup
Australia's professional soccer players union has condemned the awarding of the 2034 World Cup to Saudi Arabia, saying significant human rights risks are attached to the tournament while questioning FIFA's ability to prevent harm from occurring. FIFA officially awarded the World Cup to the kingdom on Wednesday with the sole bid for the tournament confirmed by acclamation. Professional Footballers Australia boss Beau Busch said it was crucial for the international soccer community to hold FIFA accountable for the decision.
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Saudi Arabia and Navantia Ink New Contract for 3 More Corvettes
Construction of the first unit will begin this year and the last vessel is scheduled for delivery in 2028. Navantia will be responsible for the delivery of the first unit in Spain and will finalize the second and third units in the Kingdom of Saudi Arabia for the installation, integration and trials of the Hazem Combat System to be done by SAMINavantia, similar to the works carried out on the fourth and fifth units of the first contract. SAMINavantia will supply the complete combat system of the three corvettes. This second batch series of corvettes for Saudi Arabia will be similar to the first batch, with a design based on Navantia’s Avante 2200 model, which is a multipurpose vessel specially designed for patrolling and monitoring of the Exclusive Economic Zone, maritime traffic surveillance and control missions, search and rescue missions and assistance to other vessels, among others. In addition, the vessels will have an important capacity for the defense of strategic assets, intelligence, and anti-submarine, anti-aircraft, anti-surface and electronic warfare capabilities.
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Saudi Arabia FIFA World Cup 2034: Experts, fans say event will be ‘massive’ for Kingdom
“Not only will it attract global media attention, but it will also allow Saudi Arabia to demonstrate its ability to deliver on major projects,” he said. “An event like the FIFA World Cup puts Saudi Arabia on the map for global leaders and foreign investment. It signifies KSA’s openness to international collaboration, adaptability, and growth.” “With an influx of people, there will be a higher demand for resources and infrastructure to accommodate. Saudi Arabia can use this win as an opportunity to showcase how it uses innovation, modern technology, and sustainability to create a business environment that will appeal to foreign investors and businesses.”
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Saudi Arabia makes history, gaining FIFA World Cup 2034 hosting rights
The Kingdom officially submitted its bid under the theme "Together We Grow" in July 2024, unveiling ambitious plans to host matches across 15 state-of-the-art stadiums in five host cities: Riyadh, Jeddah, Khobar, Abha, and NEOM. Additionally, 10 other venues will support the tournament’s activities across the country. Saudi Arabia’s vision for the 2034 World Cup includes providing unparalleled experiences for players and fans, offering world-class facilities, and sustainable infrastructure while prioritizing environmental conservation. The advanced transportation network will ensure quick and easy access to stadiums, complemented by streamlined travel procedures to guarantee a seamless and enjoyable experience for visitors. Following the official announcement, Saudi Arabia reiterated its commitment to delivering an extraordinary and unprecedented World Cup. This includes fostering cultural exchange, promoting sustainability, and leaving a lasting legacy for future generations. The tournament represents a unique opportunity to highlight the Kingdom’s transformation under Vision 2030, spearheaded by Crown Prince Mohammed bin Salman, and to showcase its remarkable progress across multiple sectors, including sports.
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Gianni Infantino expects “spectacular” FIFA World Cup 2034™ in Saudi Arabia
The FIFA World Cup Saudi Arabia 2034™ will be the first ever 48-team edition of the tournament to be played in a single host country, with the FIFA World Cup 26™ taking place in Canada, Mexico and the United States, before Morocco, Portugal and Spain co-host the centenary FIFA World Cup 2030™ (preceded by three centenary celebration matches to open the finals in Uruguay, Argentina and Paraguay). The FIFA President says the decision to award Saudi Arabia hosting and organisational rights for the World Cup 2034 underlines the country’s growing reputation as a world-class international destination and host of sporting events, including the recently concluded FIFAe World Cup 2024™ at the FIFAe Finals in Riyadh, the inaugural FIFA Series earlier in 2024 and the FIFA Club World Cup Saudi Arabia 2023™.
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Saudi Arabia will host the 2034 FIFA World Cup — a controversial pick
The world's largest sporting event, the FIFA World Cup, will be held in Saudi Arabia in 2034, soccer's governing body announced Wednesday — a controversial selection that has already drawn criticism from human rights groups. Saudi Arabia's was the only bid for the 2034 tournament, making its announcement on Wednesday a formality. And it is the biggest jewel yet of the long-running effort by Saudi Arabia's Crown Prince Mohammed bin Salman, the kingdom's de-facto ruler, to rebrand the country and propel it onto the world stage. In a joint statement, 21 human rights groups, including Human Rights Watch, Amnesty International and the Saudi-focused organization ALQST, said the selection of Saudi Arabia represented a "moment of great danger" for "residents, migrant workers and visiting fans alike."
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Saudi Arabia’s human rights record under fire after World Cup bid win
Rights organisations strongly criticised FIFA on Wednesday after world soccer's ruling body officially awarded the 2034 men's World Cup to Saudi Arabia. Hosting the global showpiece tournament is the pinnacle of Saudi Arabia's massive push into sports and entertainment over recent years as it seeks to improve its international image. "FIFA's reckless decision... will put many lives at risk," Steve Cockburn, Amnesty International's Head of Labour Rights and Sport, said in a statement issued by 21 bodies. They included Saudi diaspora human rights organisations, migrant workers' groups from Nepal and Kenya, international trade unions, fans' representatives and global human rights organisations.
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