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Recent stories from sustg
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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
- December 22,2023
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- SUSTG Team
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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PIF Announces Establishment of Al Balad Development Company (BDC) to become the main developer of Jeddah’s historic Al Balad District
- October 3,2023
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- SUSTG Team
The Public Investment Fund (PIF) announced the establishment of the Al Balad Development Company (BDC), which will become the main developer of Jeddah’s historic Al Balad district, “in line with the continuous efforts led by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz to revitalize Historic Jeddah to transform Jeddah into an economic hub, […]
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Saudi 100 Brands stage Paris show
- June 21,2024
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- SUSTG Team
The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.
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Saudi Internet Penetration Reaches 99%
- May 7,2024
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- SUSTG Team
According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
- October 9,2023
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- SUSTG Team
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
- October 2,2023
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- SUSTG Team
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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Fossil fuel use, emissions set new highs in 2023
- June 20,2024
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- SUSTG Team
The Energy Institute and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, presenting the full global energy data picture for 2023.
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Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
- May 6,2024
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- SUSTG Team
In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.
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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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MUST-READS
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Digital in Saudi Arabia: All the Statistics You Need in 2021
media stats for Saudi Arabia
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Fintech, Digital Commerce, Healthtech in Saudi Arabia are Expected to Attract Substantial VC Funding in 2021, Local Sources Reveal
Saudi Arabia’s venture capital funds are increasingly looking to tap into Fintech, digital commerce, and healthcare segments this year.
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Free digital library for English learners launched in Saudi Arabia
This new resource will provide people in the Kingdom with unlimited access to thousands of entertainment content and academic resources — including some of the best UK movies, books, newspapers and more
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Digital museum brings historic Saudi images back to life
A digital museum curator has turned to artificial intelligence (AI) to help bring the history of Saudi Arabia back to the future. Omar Murshid, who set up Al-Masmak Digital Museum a decade ago, has been painstakingly transforming old black-and-white photographs and rare film footage into color images.
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Digital payments in Saudi Arabia surge by 75% amid pandemic
Digital payment transactions in the Kingdom jumped by 75 percent in 2020 as Saudi consumers embraced online shopping during the coronavirus (COVID-19) pandemic, while cash withdrawals from ATMs and other payment points fell 30 percent over the same period. Point of sale (PoS) refers to a place where customers can execute payments for goods or services. This can be a credit card in a clothes store, a digital payment in a coffee shop or through a food delivery app.
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Saudi Arabia launches digital IDs
“The digital IDs will facilitate verification of their holders in case they do not bear the traditional ID as the beneficiary can display the identification data electronically via the app ‘Absher Individuals’ including the QR [Quick Response] code,” spokesman for the Civil Affairs Agency Mohammed Al Jaser said. The app, he added, allows downloading a copy of the ID on the smart device.
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Sovereign Data: The Development and Marketing of Bahrain’s Digital Domain
Bahrain’s aspirations to become a regional data-hosting hub have met with some early successes. In 2019, Amazon Web Services opened a Middle East “region” in Bahrain, which entailed the deployment of AWS data centers and linking them to the company’s global network. Bahrain’s economic policy officials also see high-growth potential in partnerships with Chinese firms. For example, Huawei and China Telecom are involved in rolling out controversial 5G mobile network infrastructure across Bahrain.
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Digitizing Financial Markets: Project Aber From Saudi Arabia And The UAE Addresses Cross Border Payments With Digital Currencies
Project Aber was created by the central banks of Saudi Arabia and United Arab Emirates to explore domestic and cross-border settlement using a single regional currency. The technical partner was IBM
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WEF: Saudi Arabia Ranks in the Top 10 Countries in Digital Literacy
With digital transformation at the heart of recovery, the report looked at four factors, which include digital legal framework and the flexibility of work arrangements.
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World’s Best Digital Banks 2020: Middle East
More than half (53%) of Middle East consumers have increased their reliance on mobile shopping due to the pandemic and only 9% do not report shopping online, according to PricewaterhouseCoopers’s recent Covid-19 Pulse Survey.
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