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Recent stories from sustg

  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • USTR: Saudi Continues to Protect Intellectual Property Rights
     

    The Office of the U.S. Trade Representative on Monday released the 2012 Special 301 Report reviewing the intellectual property protection policies of foreign nations.  Saudi Arabia is not named on the “Watch List” again this year and has not been since a successful Out-of-Cycle Review in 2009 to resolve IP issues in cooperation with the […]

     
  • Island in the Gulf – A Film of Juraid Island
     

    One of the great joys of living in Saudi Arabia has always been the natural environment itself – the dunes, the jebals and especially the Gulf with its beaches, reefs and islands. For those lucky enough to visit Juraid Island, fifteen miles offshore from Jubail, the experience has always been unforgettable. A pristine island shaped […]

     
  • Foreign Military Sales Keep Production Lines Hot
     

    “Partnership building is part of one of the largest benefits that we see,” Hunt said. “It’s building and maintaining friendships, it’s about building allies. United States Central Command, or CENTCOM, is obviously a very busy place for the United States now. The more that we can help those countries not only defend, but operate amongst […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     

MUST-READS

  • Secretary Blinken’s Meeting with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

    Secretary of State Antony J. Blinken met today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud in Riyadh.  The Secretary underscored the importance of bringing the war in Gaza to an end and releasing all hostages.  The Secretary and Foreign Minister continued discussions on how to establish security, governance, and reconstruction in the post-conflict period.  The Secretary thanked the Foreign Minister for Saudi Arabia’s work to facilitate humanitarian aid into Gaza and Lebanon.  They also discussed the need for a diplomatic solution in Lebanon that allows Israeli and Lebanese civilians to return to their homes.

  • Saudi Economy Set for Strongest Growth in Years Amid OPEC+ Supply Boost

    Saudi Arabia’s economy is set to grow by 4.4% next year, accelerating to the highest in three years from 1.3% growth expected for 2024, as OPEC+ is set to begin unwinding its oil production cuts in December, a Reuters poll of economists showed on Wednesday. On average, the economies of the six members of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – are expected to grow by 4.1% in 2025, compared to an expected 1.8% growth for this year and higher than the average estimate of 3.7% growth for 2025 in the July Reuters poll.

  • Al-Khorayef: Saudi Arabia to localize production of about 200 medicines

    Minister of Industry and Mineral Resources Bandar Al-Khorayef confirmed that the ministry has identified approximately 200 medicines whose localization is a priority in Saudi Arabia due to their great importance in achieving drug security. Actual steps have begun to localize 42 of these medicines in coordination and integration with governmental and private entities. He also stressed that Saudi Arabia is moving forward to become a pivotal center for the pharmaceutical and vaccine industry in the region, through effective partnerships it has concluded with major global pharmaceutical companies. Al-Khorayef stressed the importance of unifying efforts and establishing a clear reference for localizing the pharmaceutical industry to attract qualitative investments to the sector, and accelerate the steps toward achieving the goals of Saudi Arabia’s Vision 2030 in the pharmaceutical sector.

  • Secretary Blinken’s Meeting with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud

    Secretary of State Antony J. Blinken met today with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud in Riyadh to discuss our common efforts to end the conflicts in the region and establish greater peace and security.  The Secretary emphasized the need to end the war in Gaza, free the hostages, and enable the people of Gaza to rebuild their lives free from Hamas.  The Secretary and Crown Prince discussed efforts toward a diplomatic resolution in Lebanon that allows civilians on both sides of the Blue Line to return to their homes. They continued discussions on the need to establish lasting regional stability, including through greater integration among countries in the region.  They also discussed the importance of ending the conflict in Sudan, protecting civilians, and advancing a political transition to a civilian government.  The Secretary expressed appreciation for Saudi Arabia’s role in promoting stability and peace in the region.

  • Saudi Arabia’s World Cup Stadiums Explained

    The 2034 FIFA Men’s World Cup is coming to Saudi Arabia. The Kingdom, which has been rapidly expanding its infrastructure and pushing the boundaries of architectural innovation, will now build or renovate 15 stadiums across the country, marking a bold step in its bid to become a global sporting hub. The tournament will be hosted across 11 newly constructed venues, while four existing stadiums will undergo extensive renovations to meet FIFA’s rigorous standards.

  • Final off take agreement signed to localize 7 insulin products

    The agreement was concluded in partnership with the National Unified Procurement Company for Medical Supplies (NUPCO), Sudair Pharmaceutical Company, Sanofi, and Novo Nordisk. This agreement reflects Saudi Arabia's efforts to enhance its production capabilities and its commitment to creating an attractive investment environment and thus strengthening its position as a regional center for the pharmaceutical industry in line with the goals of Saudi Vision 2030.

  • Blinken on new quest for Saudi ties with Israel

    The top US diplomat flew directly from Tel Aviv in Israel to the Saudi capital Riyadh, a mere two-hour flight impossible on commercial airliners, on a tour of the Middle East days before the US election. Speaking to reporters on the tarmac in Tel Aviv, Blinken urged keeping "eyes on the strategic prize" of Israel-Saudi normalisation as his efforts for a Gaza ceasefire ground on with no immediate breakthrough in sight. "There remains, despite everything that's happened, an incredible opportunity in this region to move in a totally different direction," Blinken said before boarding his US government plane.

  • Saudi Arabia’s 2023 FDI data reflects success of Vision 2030: Al-Falih

    “As a result of these positive shifts in FDIs, we expect to see more investors entering the Saudi market to take advantage of the country’s economic and investment strength, the stability of its policies, its long-term economic vision, and its solid financial and monetary fundamentals. Additionally, they will benefit from Saudi Arabia's strategic location, which serves as a gateway to growth opportunities throughout the Middle East and beyond,” Al-Falih said.

  • Blinken and Crown Prince Salman discuss Gaza in US push for Israel-Saudi Arabia normalisation

    US Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in Riyadh on Wednesday as part of a diplomatic push to “end the conflicts” in the Middle East. Mr Blinken “emphasised the need to end the war in Gaza, free the hostages and enable the people of Gaza to rebuild their lives free from Hamas", State Department spokesman Matthew Miller said in a readout of the meeting.

  • Eleventh Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies

    An eleventh relief plane of the Saudi air bridge, operated by the King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.