SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

  • Saudi Arabia’s $220bn spending spree
     

    Even at growth of 3.4 percent, Saudi Arabia’s economy will be the envy of most other large countries. That figure is above the average expected GDP (3 percent) of the G20 nations – of which the kingdom is one – according to Moody’s. And, waiting in the wings, is Saudi Arabia’s vast foreign reserves, which […]

     
  • Saudi Arabia’s 2013 Budget – Jadwa
     

    Budgeted spending is at another all-time high in 2013, as the government continues with its program to upgrade the human and physical infrastructure and spurring economic growth. One highlight of the Ministry of Finance (MoF) budget announcement is the 18 percent jump in revenues. With no new initiatives announced, we think this is a sign […]

     
  • ‘Expansionary’ Saudi 2013 Budget Provides for Record Spending on the Back of 2012 Surplus
     

    A recently released report by Jadwa Investment on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next year.

     
  • Nitaqat: Towards a Saudi “New Deal?”
     

    Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late.  The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]

     
  • Are Members of Royalty “Foreign Officials” Under the FCPA?
     

    For U.S. companies conducting business abroad, the Foreign Corrupt Practices Act (FCPA) is a constant companion.  The FCPA, “applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the […]

     
  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Riyadh at Night
     

    The population of Riyadh, the capital city of Saudi Arabia, has risen dramatically in the last half century—from 150,000 in 1960 to 5.4 million in 2012. The city appears as a brightly colored patchwork in this nighttime astronaut photograph. The brightest lights, apart from those on the old Riyadh Airbase, follow the commercial districts along […]

     
  • Saudi firms top TRENDS CEO 2012 List
     

    There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]

     
  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]

     

MUST-READS

  • Saudi Arabia’s Fast-Developing Blueprint for Growth is Powered by AI

    Saudi Arabia plays a significant role in shaping the global narrative on sustainable and technological advancement, with AI as a central theme in its collective development efforts. The recent Cisco AI Readiness Index in Saudi Arabia finds that 93% of organizations in the kingdom have an AI strategy in place or under development.

  • Lucid CEO Says Struggling EV Maker Is Crucial to Saudi Arabia

    Lucid Group Inc. is more than just a financial investment to Saudi Arabia, which sees the electric-vehicle maker as critical to diversifying its economy, the carmaker’s chief executive officer said. “We’re in this together for the long run. Nobody wants this more than Saudi Arabia,” Lucid CEO Peter Rawlinson said in an interview at the Geneva International Motor Show. “This is like a marriage.”

  • Saudi Arabia’s aquaculture ambitions advanced through Topian joint venture

    NEOM has previously invested in a number of seafood industry initiatives, including an initiative with Cargill and ARASCO to expand the country's aquafeed supply, and a USD 20 million (EUR 19 million) investment in BluNalu to help it expand and continue its commercialization of cell-based seafood. “Topian Aquaculture reflects NEOM’s mission to implement innovative solutions that strengthen key industry sectors, while mitigating our impact on the environment,” NEOM CEO Nadhmi Al-Nasr said. “The strategic joint venture with Tabuk Fisheries Company highlights the role collaboration plays in NEOM’s goal of redefining business and in meeting the national objectives of Saudi Arabia.”

  • Saudi Arabia refutes claims of meeting between Minister and Israeli official

    An official Saudi source refuted claims circulating on social media about a supposed meeting between the Saudi Minister of Commerce Dr. Majid Al-Qasabi and an official from the Israeli occupation. The source clarified that the video in question was taken while Al-Qasabi was with the Nigerian Minister of Commerce, just before the commencement of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi. "During this time, an individual approached to greet him and only revealed his identity as the Minister of Economy in the Israeli occupation government after the fact, with Al-Qasabi having had no previous knowledge of who the individual was."

  • Saudi Arabia records 10% surge in number of factories

    The number of industrial units in Saudi Arabia recorded a 10 percent surge year on year in 2023 to reach 11, 549, according to the Ministry of Industry and Mineral Resources. A spokesman for the minister, Jarrah bin Mohammed Al-Jarrah, revealed that the new industrial establishments were set up with an investment of SR1.54 trillion ($48.4 billion). The rise in the number of factories falls in line with the Kingdom’s plan of boosting industrialization and achieving a target of 36,000 plants by 2035. Moreover, the number of new industrial licenses issued in 2023 reached 1,379, with investments amounting to more than SR81 billion.

  • Past the deadline, Western defense firms still navigating Saudi Arabia’s localization mandates

    "Foreign firms that are direct beneficiaries of lucrative Saudi government contracts will most likely be the first to relocate. [...] Firms who are invested in the Saudi market but do not have direct government dealings will likely try to bide themselves more time," one expert said.

  • Saudi Arabia grants 6-month residency to stranded Gazans

    On Monday, the Palestinian Ministry of Foreign Affairs stated that Saudi Arabia has granted a six-month residency permit to Gazan pilgrims stranded in Saudi due to the Israeli war, Khaberni reported.

  • Number of factories in Saudi Arabia rises to 11,600 in 2023

    The number of factories in Saudi Arabia rose by 10% to 11,550 in 2023 from 10,520 a year earlier, data issued by Ministry of Industry and Mineral Resources showed. New industrial licenses reached nearly 1,379 in 2023 with total investments of over SAR 82 billion. Production started in 1,058 factories with investments worth SAR 45 billion. The total of investments in existing factories that reach 11,550 amounted to SAR 1.54 trillion.

  • Neom continues transformation of Saudi Arabia with lush desert oasis

    Elanan is designed by Mark Foster Gage Architects and will be located on the Gulf of Aqaba coastline, which is the same area that the Xaynor, Siranna, and Zardun projects are being built on. The idea behind all these developments is to turn the entire region into a center of wellness and luxury.

  • Saudi Arabia’s economic shifts under MBS raise stability concerns

    MBS, unlike many leaders in the region, is popular. In fact, he enjoys a level of popularity last experienced by leaders immediately following independence. Such cohesiveness could indeed create momentum for the Kingdom to enact further bold reforms. Yet the escalation of violence between Israel and Palestine risks engulfing the region, and this uncertainty could derail Saudi Arabia’s transformation agenda.