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Aquaculture in KSA
- July 18,2024
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- SUSTG Team
Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.
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NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration
- July 17,2024
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- admin
The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf […]
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World Bank Lauds KSA for Breakthrough Pension Reforms
- July 16,2024
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- SUSTG Team
Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality.
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Buy Now, Pay Later (BNPL) services on the rise in Saudi Arabia
- July 15,2024
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- SUSTG Team
In a recent study, Redseer Strategy Consultants shared that the use of Buy Now, Pay Later (BNPL) services is on the rise in the Middle East. The UAE and Saudi Arabia outscored their regional peers.
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Saudi Arabia rises on Expat Insider 2024 rankings
- July 12,2024
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- SUSTG Team
For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad.
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Saudi trails only Singapore in Emerging Market VC in H1 2024
- July 11,2024
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- SUSTG Team
Magnitt’s H1 2024 Saudi Arabia Venture Investment Report, sponsored by SVC, underscores Saudi Arabia’s leading role in the MENA VC landscape and its continued appeal to both local and international investors.
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The 966, #133, How Working Women are Changing Saudi Arabia with Dr. Jennifer Peck, Swarthmore College
- July 9,2024
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- SUSTG Team
In Episode #133 of The 966 podcast host Richard Wilson welcomes Dr. Jennifer Peck, Swarthmore College, who has done extensive and fascinating research on women in Saudi Arabia’s labor market as well as recently being featured in Foreign Affairs magazine for her superbly researched and written article, Working Women are Changing Saudi Arabia: Reforms Have Made […]
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Dollar-priced oil ending? What’s the story?
- July 8,2024
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- SUSTG Team
A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”
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Saudi Arabia grants citizenship to 2nd group of distinguished global talents
- July 5,2024
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- SUSTG Team
A Royal decree has been issued to grant Saudi citizenship to a number of scientists, medical doctors, researchers, innovators, entrepreneurs, and distinguished talents with unique expertise and specializations including Dr. Mehmood Khan, an American and the CEO of the Hevolution Foundation, the Saudi Press Agency reported on Thursday.
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MUST-READS
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Construction starts on world’s largest building in Saudi Arabia
Construction has begun on the 400-metre-high, cube-shaped Mukaab supertall skyscraper in Riyadh designed by AtkinsRéalis, which will be the world's largest building when it completes. Designed as the centrepiece of the 19-square-kilometre New Murabba development in northwest Riyadh, Mukaab is now officially under construction with excavations underway, according to its development company. The developer, named New Murabba Development Company and funded by Saudi Arabia's central Public Investment Fund (PIF), said groundworks at the site are now 86 per cent complete.
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Saudi Arabia, China forge tourism partnerships to boost investment, travel
In a post on his X account, Al-Khateeb said: “During my visit to China, I met with Chinese investors and discussed the great potential and investment opportunities in Saudi Arabia’s tourism sector and ways for collaboration to elevate the experience of tourists.” In June, the Kingdom announced its official Approved Destination Status, effective July 1, following participation in the second China Roadshow and ITB China in Shanghai.
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More than money: The geopolitics behind Saudi Arabia’s sports strategy
The conventional term for Saudi Arabia’s strategy is sportswashing, the practice of reputation-laundering in the hopes that a cleaner national image will translate into soft power on the world stage. But that explanation doesn’t go far enough. For bin Salman, the suite of sports investments and properties is only a small part of a larger strategy to prepare Saudi Arabia for a 21st century when global oil demand is expected to fall by mid-century and geopolitics will become more complicated.
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UK-based dissident can sue Saudi Arabia for alleged spyware, court rules
A prominent Saudi dissident who accuses Saudi Arabia of targeting him with spyware can sue the kingdom in London, his lawyers said on Monday. Yahya Assiri, a founder of the opposition National Assembly Party (NAAS) who lives in exile in Britain, alleges his electronic devices were targeted with surveillance software between 2018 and 2020. He is suing Saudi Arabia at London's High Court, saying the country used Pegasus - made by Israeli company NSO Group and sold only to nation states - and other spyware made by lesser-known Israeli firm QuaDream because of his work with dissidents.
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Uzbekistan exact revenge on Saudi Arabia to once again show they are Asia’s rising force
On Saturday, with an impressive 2-0 win over defending champions Saudi Arabia, the Uzbeks advanced to the semi-finals of the ongoing AFC U-23 Asian Cup. In doing so, they kept alive their hopes of a maiden appearance in the men's football tournament at the Olympic Games. Should they beat Indonesia in their next tie and reach the final, they are guaranteed a ticket to Paris.
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Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce
Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.
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Saudi Arabia to Acquire Türkiye’s 5th-Generation KAAN Fighter Jet ?
Türkiye and Saudi Arabia have recently strengthened their defense ties, marking a significant shift in their bilateral relations. This development was highlighted by a strategic summit in Jeddah in July 2024, where officials from both nations agreed to pursue high-value defense projects collaboratively. The two countries are exploring extensive technology transfer opportunities and joint production efforts, including the potential assembly of Türkiye's KAAN 5th-generation fighter jet in Saudi Arabia. This move aligns with Saudi Arabia's Vision 2030, which aims to build a self-sustained defense industry through partnerships with established defense manufacturers.
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Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce
Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.
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Preview: Saudi Arabia Target Crucial Win Against Bahrain in World Cup Qualifier
Saudi Arabia, under coach Roberto Mancini, look to end a three-match winless run at home. They previously suffered defeats to Jordan and Japan and settled for a draw with Indonesia. This match provides an opportunity for Saudi Arabia to regain form and push for qualification.
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Saudi Arabia to appoint private operators to manage 4 airports soon, says Al-Falih
“The government is moving away from direct business involvement. Empowering and enabling the private sector is essential,” Al-Falih stated. He highlighted that the Madinah airport, the Kingdom’s most efficient, is managed by a private operator under a long-term concession, while King Abdullah Port, built with no government capital expenditure, is also privately operated.
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