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FY 2025 Budget approved with $27bn deficit forecast
- November 27,2024
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- SUSTG Team
Saudi Minister of Finance Mohammed Al-Jadaan and Minister of Economy and Planning Faisal Alibrahim were featured in a ‘2025 Budget Forum’ event that detailed Saudi Arabia’s FY 2025 Budget.
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Moody’s upgrades Saudi Arabia’s rating on economic diversification efforts
- November 25,2024
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- SUSTG Team
Saudi Arabia’s sovereign debt rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector.
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Saudi Arabia hosts Arab-Islamic summit in response to Israeli action in Gaza and Lebanon
- November 12,2024
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- SUSTG Team
Saudi Arabia hosted an Arab League and the Organisation of Islamic Conference joint summit where Crown Prince Mohammed Bin Salman and other Arab leaders intensified criticism of Israel’s actions in Gaza and Lebanon.
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Riyadh slammed with visitors
- November 11,2024
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- SUSTG Team
A school holiday combined with the busy 2024 Riyadh Season events have pushed occupancy and price levels for Riyadh hotels to record highs.
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2024 Saudi Games kick off!
- September 30,2024
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- SUSTG Team
The Saudi Games is the largest national sporting event held in Saudi Arabia. The third annual Saudi Games kicked off on September 29 and will run to October 17, 2024.
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IMF concludes annual consultation with Saudi Arabia
- September 5,2024
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- SUSTG Team
Saudi Arabia’s unprecedented economic transformation is progressing well as it advanced in its modernization and diversification efforts under Vision 2030. The recent fiscal space exercise has facilitated the recalibration of investment spending planned under Vision 2030 by reprioritizing projects and through sectoral strategies.
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Prince Mohammed bin Salman Royal Reserve
- August 9,2024
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- admin
Covering 24,500 KM2, the Prince Mohammed Bin Salman Royal Reserve is located south of Neom in northwestern Saudi Arabia. It covers 1% of Saudi Arabia’s terrestrial area and 1.8% of its marine area, it is home to over 50% of the Kingdom’s marine and terrestrial species.
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GCC Population grows 7.3% to 57.6 million
- July 23,2024
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- SUSTG Team
According to recent statistics released by the GCC Statistical Centre, the total population of the Gulf Cooperation Council (GCC) countries witnessed a significant increase of 7.3% in 2023 compared to 2021, reaching 57.6 million.
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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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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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MUST-READS
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The presence of women in Saudi press conferences
The overall results show that the recent empowerment of Saudi women has led to an increase in their participation, rising from complete absence to nearly 14% of the questions asked. This shift may also encourage journalists to broaden their focus from women’s issues to other pressing topics of greater public interest. However, while female participation in the Saudi workforce has risen from 17% to 36%, their involvement in press conferences remains underrepresented. This suggests that certain areas of the workplace may require more time to advance, potentially through further training and education.
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Women Driving in Saudi Arabia: Female Perceptions Five Years after Lifting of the Ban
Survey findings suggest most women agree that there has been vast improvement, but they insist that the battle for equality is far from over. Indeed, there has been some resistance to the reforms among those who see the changes as pandering to the West. Overall, though, the survey findings suggest that the majority of women in Saudi Arabia want more rights, more women in leadership roles, more safety that they do not feel they have under the male guardianship system, and to be viewed as equal to their male counterparts.
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History-making Saudi women’s 3×3 basketball champs out to inspire more girls to play
On a balmy Sunday afternoon in Manama earlier this month, Kawther ‘Koko’ Khayyat (the basketball coach), Jana Salem Balgaith (the student) and Abeer Alhamidi (the Ministry of Sport manager), along with team-mate Riman Abdulaziz, helped Team Riyadh claim Saudi Arabia’s first ever major 3x3 title. On a balmy Sunday afternoon in Manama earlier this month, Kawther ‘Koko’ Khayyat (the basketball coach), Jana Salem Balgaith (the student) and Abeer Alhamidi (the Ministry of Sport manager), along with team-mate Riman Abdulaziz, helped Team Riyadh claim Saudi Arabia’s first ever major 3x3 title.
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The Women Behind adidas’ first Women’s Concept Store in Saudi Arabia
This project was led by 22 adidas women across different functions and locations, representing 11 nationalities, who all brought a diversity of thought and perspective to the project team. “As an adidas employee and proud Saudi woman, working on this project was very meaningful. It was an opportunity to tell our own story and shape the narrative on what it means to be a Saudi woman. We’re multifaceted, and this store represents that. Whether you’re a football player or a fashionista, whether you prefer a modest clothing design or not, the product collection found in this store meets all those needs.” Said Nojoud Radwan, Senior Brand Director for Saudi Arabia and Women’s Concept Store Project Team member.
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‘Change the Game’: Saudi Arabia Takes a Stride Into Women’s Tennis
Moving into tennis, Saudi Arabia recently hosted the Six Kings Slam, an exhibition showcasing the top men’s players. And it struck a three-year deal with the financially struggling WTA to bring its finals to Riyadh in part with the promise of awarding some $15 million in prize money this year. Those are the highest winnings in the history of women’s tennis, satisfying players’ demands for prize parity with men. “The Western world can keep reporting that our country is sportswashing, or whatever, but what matters is that my sisters and I can watch our favorite sports stars right here at home,” said Maryam al-Shammeri, who was in the crowd for the WTA final on Saturday night with her brother and two sisters.
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Saudi women rise: W20 to ‘address systemic barriers’
A beacon of advocacy and action, the Saudi delegation for Women 20, or W20, is led by Miznah Al-Omair, CEO of Al-Nahda Society, which was founded in 1963 to empower women in Saudi Arabia. In an interview with Arab News, Al-Omair emphasized the importance of including women’s issues in G20 dialogues: “The role of women must be considered in decision-making processes, as these decisions impact women’s economic realities.” This perspective underscores the need for a platform that prioritizes women’s voices in global economic policy discussions.
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Saudi women at work: progress and obstacles
The Kingdom’s women workforce is expanding in unprecedented ways. According to the Ministry of Finance, female labor participation has reached 35%—well above the original Vision 2030 target of 30%. This marks a stark economic shift. Yet, despite this progress, deep-rooted structural barriers and societal resistance persist. Female inclusion is still largely concentrated in caregiving and education—sectors prioritized by nationalization policies—which restricts their wider economic involvement. Going forward, the key question is whether Saudi Arabia can overcome these social hurdles while sustaining its rapid economic momentum.
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Saudi Arabia Demanded WWE Add More Women To Show
We love this partnership here. This all stems from His Excellency’s vision to bring the best entertainment from around the world. You know, when we first started here, I think fans were excited, but they didn’t know what to necessarily expect. And over that time, I’ve seen that change exponentially. We had the first women’s match here in Saudi Arabia. It went from us asking, “Can we bring women here” to them being on billboards all over the city, to the GEA [General Entertainment Authority] and His Excellency calling us and saying, “I don’t feel like there’s enough women on this show. Can we have more women put into the show?”
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Saudi Arabia’s Vision 2030 is transforming women’s lives, says Princess Reema
Speaking at the HERizon Summit, held alongside the eighth Future Investment Initiative, she emphasized that the right policies are crucial for accelerating women’s progress in business and entrepreneurship. The event, themed “Invest in Women,” aims to bridge the gender gap and empower women in the global workforce. A recent report by the World Bank confirmed Saudi Arabia’s progress in gender parity, noting a substantial increase in female labor participation from 22% in 2016 to 34% in 2023.
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Is FIFA’s sponsorship deal with a Saudi-owned oil giant really ‘a middle finger’ to women’s soccer?
It is easy to claim, as many have done, that this is purely an exercise in sportswashing. But that ignores that soccer is also helping to facilitate a fast-moving cultural shift in Saudi Arabia, and the region more broadly, while being careful not to attract the attention of some of the ultra-conservative religious leaders who remain committed to the region’s more traditional ways. One of the teams in the Saudi Women’s Premier League is the Eastern Flames. It was originally established in 2006 with players from the Aramco community. Despite significant hurdles for women to play sport at all, the team survived and flourished and has been elevated into the professional league.
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