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Hajj 2024 in numbers: Annual pilgrimage draws over 1.83 million worshipers
- June 17,2024
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics (GASTAT) released the official figures for this year’s Hajj season.
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Eid Mubarak from The SUSTG Review, SUSTG Weekend and The 966
- June 13,2024
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- SUSTG Team
The Saudi-US Trade Group which produces the SUSTG Review, SUSTG Weekend and The 966 podcast wishes peace, happiness and health to all on the occasion of Eid Al-Adha 2024 (1445 AH)
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Zelensky meets with Crown Prince in Jeddah
- June 13,2024
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- SUSTG Team
Ukrainian President Volodymyr Zelensky met with Crown Prince Mohammed Bin Salman during an unannounced visit to Jeddah this weekend.
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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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Saudi car imports spike in 2023
- June 11,2024
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- SUSTG Team
Saudi Arabia’s car imports grew to 93,300 vehicles in 2023, up from 66,900 the previous year. Japan, India, South Korea, US, and Thailand are the leading exporters of cars to Saudi Arabia.
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Aramco Share Sale Attracts Foreign Investors
- June 10,2024
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- SUSTG Team
Aramco’s recent share sale attracted over $65 billion in orders, exceeding expectations with foreign investors estimated to hold around 60% of the shares sold, a significant increase from Aramco’s 2019 IPO.
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MENA’s Renewable Energy Promise
- June 6,2024
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- SUSTG Team
Saudi Arabia and other GCC countries are in a position to become, “not just a major source of renewable energy, but also a central and indispensable player in the global energy transition, uniquely able to balance supply and demand for all types of energy, both hydrocarbons, and renewables.”
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Saudi Professional League, 2023-24 Season by the Numbers
- June 5,2024
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- SUSTG Team
Saudi Arabia’s professional football league, the Roshn Saudi League, concluded it’s 2023-24 season with a number of records smashed and new benchmarks reached.
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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MUST-READS
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Saudi Arabia Emerges as Key Global Player Under Trump
Saudi Arabia's diplomatic maneuvers reflect its ambitions to assert itself globally while securing its own geopolitical interests. Its support for a negotiated peace in Ukraine could bolster its influence with both Washington and Moscow, while its leadership on Gaza underscores its regional authority. The Kingdom's balancing act will test its ability to navigate the complex dynamics of great power competition and Middle East stability. "Saudi Arabia's recent diplomatic maneuvers reflect a growing maturity from Riyadh that we didn't see during President Donald Trump's first term. The Kingdom appears to have moved on from an unrealistic foreign policy approach towards the region, and instead seems to be using its leverage and embracing diplomacy as a tool for regional stability and strategic influence."
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Discover a World of Cinematic Opportunities in Saudi Arabia
The Saudi Film Commission, one of 11 specialized commissions under the Ministry of Culture, plays a pivotal role in empowering the industry and driving its development, further strengthening the Kingdom’s position as a leader in the global film landscape. From the high mountains of the north to the Red Sea’s white beaches in the west, and from vast deserts in the east to green landscapes in the south, Saudi Arabia offers an array of possibilities for filmmakers. The Kingdom’s landscapes, with their modern cities, reflect a blend of heritage and modernity, offering the chance to tell diverse stories. Sites like NEOM, Alula, Diriyah, Riyadh, Jeddah and the Empty Quarter provide a versatile backdrop providing locations that can stand in for a wide variety of settings.
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Explorer completes first stage of bid to cross Saudi Arabia on foot
Writer and TV presenter Alice Morrison, from Edinburgh, began her journey on New Year’s Day at the border with Jordan. Accompanied by two camels – named Juicy and Lulu – and local guides, the 61-year-old has now covered the 930 kilometres to the Prophet’s Mosque, also known as Al-Masjid an-Nabawi, in Madinah. The seven-week journey saw the seasoned explorer average about 23km – or 33,000 steps – per day. During the journey, Ms Morrison, who speaks fluent Arabic, explored numerous pieces of the country’s rich history – including ancient ruins, bronze age tombs, and relics from the old Hejaz railway.
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Saudi Arabia deports 10,822 illegal residents in a week
Saudi Arabia has deported 10,822 illegal residents during the last week, the Ministry of Interior revealed on Saturday. A total of 29,510 violators were referred to their diplomatic missions to obtain travel documents while 3678 violators were referred to complete their travel reservations during the period between Feb. 06 and 12. The Saudi security forces have arrested a total of 22,663 illegal residents from various regions of the Kingdom during the last week. The arrests were made during the joint field security campaigns that were carried out in collaboration with the relevant government agencies.
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How Saudi Arabia is leveraging regenerative tourism to blend luxury with sustainability
At the heart of Saudi Arabia’s environmental strategy is regenerative tourism, which aims to protect natural habitats through science-led approaches and sustainable practices. Unlike sustainable tourism, which aims to minimize harm, regenerative tourism strives to improve destinations through conservation, community engagement and science-led initiatives. This includes implementing eco-friendly infrastructure, protecting biodiversity, and involving local communities in conservation efforts to ensure long-term environmental and economic benefits.
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Cybersecurity market seen to rise 13% in Saudi Arabia: PwC official
Samer Omar, PwC Middle East Cybersecurity & Digital Trust Leader, said Saudi Arabia's cybersecurity market is estimated at SAR 13-14 billion, of which 31% is dominated by the government & public sector and the remaining 69% by the private sector, as outlined in a 2024 report by the National Cybersecurity Authority (NCA). The market is expected to grow at a compound annual growth rate (CAGR) of 11-13% over the next five years, driven by the continued investments and accelerated technological developments, Omar said in an interview with Argaam on the sidelines of LEAP 2025 Conference.
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Saudi Arabia eyes $1 trillion infrastructure boost by 2030
Saudi Arabia plans to invest nearly $1 trillion in infrastructure projects by 2030 to accelerate economic diversification and boost private-sector participation, Minister of Economy and Planning Faisal Al Ibrahim announced. Speaking at the Public Investment Fund (PIF) Private Sector Forum in Riyadh, Al Ibrahim said the Kingdom’s non-oil sector is set for significant expansion by 2026, fueled by investments in key industries. He highlighted the PIF’s pivotal role in shaping the economy, establishing strategic companies, and fostering new industries that drive long-term growth.
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US, Ukrainian officials head to Saudi Arabia as talks loom on ending Russia’s war
A Ukrainian delegation has arrived in Saudi Arabia for meetings in preparation for a possible visit by President Volodymyr Zelenskyy, a Ukrainian minister said Sunday, at a time of intense speculation over planned U.S.-Russia talks in the kingdom to end Moscow’s war on its neighbor. It also comes as a top U.S. envoy revealed that he and a fellow negotiator appointed by U.S. President Donald Trump were heading to Saudi Arabia. Ukrainian Economy Minister Yulia Svyrydenko, who also serves as first deputy prime minister, didn’t clarify whether there is a link between Zelenskyy’s possible trip and the previously announced U.S.-Russia talks. In a Facebook post, she said that the Ukrainian delegation’s focus is on strengthening economic ties, as Kyiv “prepares to sign important economic agreements with countries in the region.”
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Saudi Arabia seeks to mediate between Trump and Iran on new nuclear deal
Saudi Arabia is open to mediating between the Trump administration and Iran in pursuit of a new deal to limit Tehran’s nuclear program, CNN has learned. The kingdom is concerned that Iran may be more inclined to pursue a nuclear weapon now that its regional proxies – long viewed as a deterrent against Israeli attacks – have been significantly weakened. Saudi Arabia hopes to leverage its close ties with President Donald Trump to provide Iran with a diplomatic bridge to the White House. It is unclear whether Saudi Arabia has made a formal offer, but the move underscores Riyadh’s desire to build on its improved relations with its former foe and secure a seat at the negotiating table for a potential new deal.
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Saudi Arabia vows full support to Lebanon’s actions to safeguard citizens’ security
Saudi Arabia expressed on Sunday its full support for the measures taken by the Lebanese government to safeguard the security of its citizens and respond decisively to the attack on the United Nations Interim Force in Lebanon (UNIFIL). In a statement, the Ministry of Foreign Affairs reiterated its confidence in the actions taken by President Joseph Aoun and Prime Minister Nawaf Salam, as well as in the efforts of the Lebanese Army to ensure security and stability. The outgoing deputy force commander of the UNIFIL was injured on Friday after a convoy taking peacekeepers to Beirut airport was "violently attacked", UNIFIL said. It said in a statement that the convoy was taking peacekeepers to Beirut airport when it was targeted and one of its vehicles set on fire.
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