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Recent stories from sustg
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Saudi sends largest paralympic delegation ever to Paris games
- August 30,2024
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- SUSTG Team
Saudi Arabia will send its largest delegation to date to the 2024 Paris Paralympic Games. Taking place from August 28th until September 8th, nine Saudi athletes will compete in athletics, weightlifting, taekwondo, table tennis, and dressage.
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Value of Saudi e-commerce revenues expected to reach $69bln by 2025: Monsha’at
- August 29,2024
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- admin
According to a report from the Small and Medium Enterprises General Authority (Monsha’at), the number of e-commerce platform users in the kingdom is expected to reach 34.5 million by 2025, marking a 42% increase from 2019 to 2024.
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Saudi anti-corruption law strengthened
- August 28,2024
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- admin
Saudi Arabia’s Council of Ministers recently enacted a stringent new law designed to tackle corruption among government employees.
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Saudi non-oil economy continues growth
- August 27,2024
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- SUSTG Team
Jadwa Investments’ August 2024 macroeconomic update showed robust growth in non-oil activity.
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Esports World Cup crowns winners after historic 8-week tournament
- August 26,2024
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- admin
The Esports World Cup Foundation, the non-profit organization hosting the Esports World Cup, the world’s largest esports competition and gaming festival, celebrated the historic inaugural event with HRH Mohammed bin Salman in attendance by crowning Team Falcons the first Esports World Cup Club Champion on Sunday night in Riyadh, Saudi Arabia.
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184 foreign companies move regional HQ to Saudi Arabia during first half of 2024 – MISA
- August 23,2024
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- admin
Saudi Arabia’s Ministry of Investment reported that 184 foreign companies moved their regional headquarters to Saudi Arabia after obtaining an investment license during the first half of 2024.
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Saudi Professional League Season starts; summer transfer window subdued
- August 22,2024
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- SUSTG Team
The SUSTG Review wrote in July that Saudi Arabia’s professional football transfer strategy has evolved. After numerous blockbuster acquisitions in 2023, the current transfer window (though not over) has been subdued.
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ACWA Power commissions 700-MW solar park in Saudi Arabia; First of four planned for 2024
- August 21,2024
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- SUSTG Team
Co-owner ACWA Power has commissioned The 700-MW Ar Rass solar photovoltaic project located in Qassim province, north of Riyadh. The electricity from Ar Rass will go to the national grid under a 25-year offtake agreement with the Saudi Power Procurement Company (SPPC).
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Saudi’s Public Investment Fund issues 2023 Annual Report
- August 20,2024
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- admin
PIF governor Yasir Al Rumayyan noted that the fund has increased its global reach, unveiled giga-projects, launched portfolio companies and delivered “ahead of financial return targets – in line with the goals of its Vision Realisation Programme 2021-2025”.
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KSA and it’s summer power surge challenge
- August 19,2024
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- SUSTG Team
In terms of oil consumption used for its electricity sector Saudi Arabia matches the entire oil consumption of Italy, Spain or Turkey. The kingdom’s oil for power use spikes over 1 million barrels per day in summer to generate power and water.
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MUST-READS
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Why Expo 2020 Dubai visitors can’t get enough of Saudi Arabia’s Al Baik chicken
The National visited on a weekday afternoon, and sure enough, there’s a line extending outside the building, and once you enter, there are barriers in place for more queues. A separate line allows people to place their order for the popular fried chicken or shrimp, and visitors are then guided to another line where they can get their hands on the meal.
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Dubai Port Operator DP World Sees Lasting Supply Disruptions
Dubai’s DP World, one of the biggest global port operators, expects supply chain bottlenecks that have rattled global trade flows to continue at least for another two years. “The global supply chain was in crisis in the beginning of the pandemic,” Chairman and CEO Sultan Ahmed Bin Sulayem told Bloomberg TV in an interview at Dubai Expo 2020 on Friday. “Maybe in 2023 we’ll see an easing.”
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Dubai Misses Out on the IPO Boom Sweeping Abu Dhabi and Riyadh
“Dubai has a lot of catching up to do: Its liquidity profile is weak in comparison to Abu Dhabi and Riyadh, which are also some of the best-performing emerging markets this year,” said Salah Shamma, Franklin Templeton’s Dubai-based head of equity investment for the Middle East and North Africa.
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Inside Saudi Arabia’s stunning ‘window to the world’ at Expo 2020 Dubai
The structure is among dozens of pavilions at the world's fair site that opened to visitors on Friday. Organisers said the number of record-breaking features, which include a striking 32-metre digital water feature that is almost two-thirds as high as the Arc de Triomphe in Paris, will make the Saudi pavilion a sure draw.
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Expo 2020 Dubai kicks off with lavish opening ceremony
The first world fair to be held in the Middle East, Expo 2020 Dubai, opened on Thursday with a lavish ceremony of fireworks, music and messaging about the power of global collaboration for a more sustainable future. Stars headlining the opening ceremony, which was projected in public spaces around the UAE, included Italian tenor singer Andrea Bocelli, British singer Ellie Goulding, Chinese pianist Lang Lang and Saudi singer Mohammed Abdu.
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Dubai Resets After Covid-Ravaged Year With $7 Billion Expo
Having spent years preparing for the event, the city hopes that an exhibition featuring autonomous vehicles, a pavilion shaped like falcons and one with an original Pharaoh coffin will attract enough tourists to help solidify a nascent economic recovery.
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Saudi TV Stations Begin Shift to Riyadh in Challenge to Dubai
Saudi Arabian news channels are starting to transfer operations out of Dubai amid a push by the country’s crown prince to get multinational companies to relocate their headquarters to the kingdom. Staff at Al Arabiya and Al Hadath, both part of which operate under the same media umbrella, were told of the plans to shift to Riyadh from Dubai on Monday, according to several people who spoke on condition of anonymity because they aren’t authorized to speak on the matter. The move will happen in stages, the people said.
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Saudi Pavilion at Dubai Expo 2020 Offers Journey Through Five Ecosystems
A 68 square-meter, curved LED screen greets visitors as they embark on a technology-enabled journey through five ecosystems, hinting at the Kingdom's natural spaces, beautiful coasts, vast deserts, surrounding seas, and high mountains. The journey will walk through the flora of Al Bardani Valley in Asir Region to the mighty mountains of Tabuk, and from the dunes of the Empty Quarter in southeastern Saudi to the crystal-clear waters of the Red Sea.
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Ruler of Dubai inaugurates 300MW to phase 5 of Solar Park
Saeed Mohammed Al Tayer, MD, and CEO of DEWA said: “Commissioning the 300MW first stage of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park increases DEWA’s total capacity of clean energy to 1,310MW. This brings clean energy capacity in Dubai’s energy mix to around 10%.”
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Dubai is building an art collection — without buying any art
Dubai won't be buying any art -- it will be borrowing it. National art collections and museums were popularized in Europe during the 18th and late 19th century, and typically, these collections are built over long periods of time by purchasing or being gifted works. But Dubai aims to fast-track the process.
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