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Recent stories from sustg
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NEOM Unveils Leyja, the Area’s Latest Sustainable Tourism Destination
- October 16,2023
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- SUSTG Team
Saudi Arabia’s NEOM unveiled on Sunday the latest addition to its portfolio of ecotourism developments, “Leyja,” that starts along the Gulf of Aqaba coast and stretches inland through a valley surrounded by 400-meter-high mountains.
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Marriott International Signs Agreement with NEOM to Open Two Luxury Properties in Trojena
- September 25,2023
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- SUSTG Team
Marriott International, Inc. announced it has signed an agreement with NEOM to open two luxury properties in Trojena, NEOM’s mountain destination located in the north-west region of Saudi Arabia. The agreement includes Saudi Arabia’s first W Hotel, and a JW Marriott property, according to a press release.
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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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Special World Economic Forum Convenes in Riyadh
- April 29,2024
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- SUSTG Team
The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh convenes 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.
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Palestinian State a Must for Any Saudi-Israel Deal after Israel Invasion of Gaza – Ambassador
- January 10,2024
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- SUSTG Team
Saudi Ambassador to the United Kingdom Prince Khalid bin Bandar discussed the status of Saudi-Israel relations in light of the ongoing Israeli invasion of Gaza, telling the BBC a pact was “close” when the the kingdom paused US-brokered talks after Hamas’s deadly attacks on Israel on 7 October.
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Saudi Aramco’s CEO Says Kingdom is Eying New Investments in LNG – Report
- October 17,2023
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- SUSTG Team
Amin Nasser, the CEO of Saudi Aramco, said his company is looking at more investments in liquefied natural gas (LNG) to boost its plans to become a leading player in the seaborne gas market, according to a report.
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The CEO of Riyadh’s financial district, Gautam Sashittal, joins The 966 to talk about the Kingdom’s original giga-project and the city of the future
- September 22,2023
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- SUSTG Team
Gautam Sashittal, the CEO of Riyadh’s financial district that has redefined Riyadh’s skyline and is the city’s most sought-after business address and lifestyle destination, joins The 966 podcast. The district is home to many of Saudi Arabia’s largest companies and regional headquarters of international corporations doing business in the region, as well as the Kingdom’s […]
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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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Vision 2030 Marks 8th Year Since Launch
- April 26,2024
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- SUSTG Team
Launched on April 25, 2016, Vision 2030, Saudi Arabia’s blueprint for economic and social transformation marks it 8th year and the halfway point between 2016 and 2030.
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New Mega Mountain Resort Aquellum, a ‘Subterranean Digitalized Community of the Future,’ Added to NEOM’s Growing Vacation Destination Offerings
- January 11,2024
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- SUSTG Team
NEOM has announced Aquellum, a new “luxury and experiential” vacation destination which is the latest addition to the ongoing regional development in northwest Saudi Arabia.
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MUST-READS
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YemenKing Salman challenges foreign ‘menace’ in Yemen
King Salman says his kingdom will not tolerate any external "interference" in war-torn neighbouring Yemen.
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MENA EmploymentThe Next Generation Of MENA Entrepreneurs
According to the Bayt.com Fresh Graduates in the Middle East and North Africa Survey, July 2016, 60% of fresh graduates say it is challenging to find a first job, with half of them stating the greatest challenge standing between them and a successful career is the fact that candidates with previous work experience are preferred by employers in the region.
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MENA M&AUAE leads MENA M&A market deal activity in H1 2016: EY
Despite sluggish macro-economic situation at the beginning of 2016, overall deal activity in H1 2016 was largely consistent with H1 2015. UAE, Saudi Arabia and Egypt were the top three markets in terms of deal activity in H1 2016.
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Hospitality and TourismSaudi has most hotels under construction in MENA
Saudi Arabia has the most hotels under construction in the MENA region, according to hospitality analysts STR as cited by Arabian Business.
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Higher Education in MENAThe paradox of higher education in MENA
The university has little to gain by investing in improving the curriculum (since more students doesn’t mean more revenue).
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MENA M&AMENA’s US$50b to US$60b annual M&A market expected to remain unchanged in 2016: EY
In MENA, distressed asset sales are playing a more prominent role in deal-making, largely because of a tightening of capital.
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MENA M&AMENA’s US$50b to US$60b annual M&A market expected to remain unchanged in 2016: EY
According to the latest edition of the EY Capital Confidence Barometer (CCB), low oil price is having little impact on M&A strategy as MENA executives continue their steadfast pursuit of deal-making. Of the MENA executives surveyed, 37% expect to actively pursue acquisitions in the next 12 months.
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Solar EnergyThe World’s Lowest Solar Tariff — MENA’s Solar Journey
The lowest tariff was tabled by a consortium led by Saudi-owned Abdul Latif Jameel Energy and Environmental Services, Fotowatio Renewable Ventures (FRV) of Spain and Masdar of the UAE. FRV is now owned by Abdul Latif Jameel Energy and Environmenal Services.
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MENA Energy InvestmentEnergy investments in MENA to reach US$ 900 mn over five years
Total committed and planned energy investments in the Mena region, including Iran, will reach $900 billion over the next five years, according to a new report published by the Arab Petroleum Investments Corporation (Apicorp).
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MENA EconomiesThe Coming Petroleum Revenues Crisis in the MENA
Only a few of the wealthiest petroleum monarchies have made serious efforts to deal with these underlying causes, and their efforts have at best had moderate success.
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