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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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SolarSaudi builder al-Khodari says to diversify into solar, nuclear energy
Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co said on Sunday that it would diversify into solar and nuclear energy.
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Solar EnergySaudi Arabia Solar Jumps On Diesel-Killer Bandwagon
The country faces a multiplicity of problems stemming from its reliance on diesel generators for air conditioning among other uses. According to SASIA, almost 25 percent of the Saudi grid is powered by diesel and the Kingdom spends $1 billion and up on imported diesel. Many of those generators are located in remote areas, so transporting diesel generator fuel also adds to the country’s fossil load. On top of that, the country’s grid operators are way behind when it comes to connecting remote areas (distributed solar, much?), which is gumming up local economies.
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Solar EnergyLucrative opportunities in Saudi Arabia’s off-grid, hybrid solar markets
According to a report by K.A.CARE on Saudi Arabia’s solar energy deployment roadmap, locations such as border posts, highway family rests, remotely located mosques and small-sized villages all represent excellent potential for micro-generation through hybrid designs, including solar-powered desalination and cooling. The daily electricity needs of such isolated areas are usually met via diesel generators that are transported periodically to these bases. Not only is the solution expensive and unreliable but the generators struggle to function during the hottest times of the day and often break down. The Nofa Equestrian Resort, located 85 km west of Riyadh, is already benefitting from the hybrid concept through its recently-commissioned 1 MW CPV plant, which is offsetting the resort’s 14 MW diesel generator. Most significantly, Saudi Aramco and Saudi Electricity Company are discussing plans to replace as much as 300 MW of diesel generation in off-grid locations with solar PV.
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