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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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Anti-ISIS CampaignU.S. to urge partners to do more to fight Islamic State amid complaints from Pentagon
President Obama has repeatedly touted the U.S.-led coalition assembled to battle Islamic State militants, but Pentagon officials are expressing growing frustration that some of the 64 partner nations and regional groups are backing the effort in name only.
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GuantanamoPentagon Transfers Two Guantanamo Detainees to Ghana
The move, the first of 17 in coming days, shrinks the total population to 105.
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GuantanamoSpecial Report: Pentagon thwarts Obama’s effort to close Guantanamo
Pentagon officials denied any intentional effort to slow transfers. "No foreign government or U.S. department has ever notified the Department of Defense that transfer negotiations collapsed due to a lack of information or access provided by the Department of Defense," said Pentagon spokesman Gary Ross, a U.S. Navy commander.
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Anti-ISIS CampaignPentagon weighs cybercampaign against Islamic State
The Pentagon is considering increasing the pace and scope of cyberattacks against Islamic State, arguing that more aggressive efforts to disable the extremist group's computers, servers and cellphones could help curtail its appeal and disrupt potential terrorist attacks.
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AfghanistanPentagon says violence is on rise in Afghanistan
Violence in Afghanistan is on the rise, according to a new Pentagon report to Congress that says the Taliban was emboldened by the reduced U.S. military role and can be expected to build momentum from their 2015 attack strategy.
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Anti-ISIS CampaignPentagon pressing allies for more help against Islamic State
The Pentagon is pressing European and Arab allies to provide more troops and support for the war against the Islamic State group, hoping that the horror of the Paris attacks — and the fear more are coming — will compel them to get more deeply involved.
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Anti-ISIS CampaignAfter Paris Attacks, Pentagon quietly shifts to new phase of ISIS war
The Islamic State group's ferocious attack on Paris will be met with "intensification" of the U.S.-led fight against the terror group, President Obama said Monday, but it will not fundamentally alter his strategy nor his reluctance to put more U.S. troops on the ground in Iraq and Syria.
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AfghanistanThe Pentagon’s Afghan ‘Slush Fund’ Will Now Have to Answer to Angry Lawmakers
The chairman of the Senate Judiciary Committee has given the DOD 48 hours to turn over its files on a controversial task force that may have misspent millions in Afghanistan.
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GuantanamoPentagon: Plan to close Gitmo ‘very close’
A Pentagon plan to close the Guantanamo Bay military detention facility "is very close" to being delivered to Congress, a Defense Department spokesman said Monday.
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Anti-ISIS CampaignPentagon: ‘We’re in combat’ in Iraq
American officials appear more ready to acknowledge that the flights over Iraq and Syria are combat operations. Not so when it comes to ground operations, perhaps in keeping with Obama’s own statements.
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