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Crown Prince Launches Major Education Reform with ‘Human Capability Development Program’
- September 16,2021
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- SUSTG Team
Saudi Arabia is set to undertake a top-to-bottom overhaul of the Kingdom’s education system to better prepare citizens to find jobs and tackle intolerance, according to an announcement on the Vision 2030 website and other reports.
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Saudi Arabia Ranks 2nd in G20 in Digital Competitiveness — Report
- September 6,2021
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- SUSTG Team
Saudi Arabia has been ranked second among the G20 countries in the Digital Competitiveness Report for the year 2021, a publication issued by the European Center for Digital Competitiveness, according to a report. The reports findings are based on data provided by the Global Competitiveness Index issued by the World Economic Forum, and supporting data […]
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Saudi Arabia’s Non-Oil Exports Rise 52 Percent in Q2 2021, Data Show
- August 30,2021
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- SUSTG Team
Saudi Arabia’s non-oil exports rose a whopping 52 percent during the second quarter of this year as evidence the kingdom’s economy continues to recover from the pandemic continues to mount. The total value of exports for the three-month period to the end of June increased to 238.6 billion Saudi riyals ($63.62bn), the Saudi Press Agency […]
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Saudi Arabia’s Technology Ministry Announces ‘LaunchKSA’ to Power Digital Innovation with $1 Billion Backing
- August 27,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) announced the launch of LaunchKSA, which promises to enhance innovation, augment digital know-how, support youth, and transform Saudi Arabia into the region’s largest digital economy.
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Saudi Economy: Jadwa Investment Revises 2021 GDP Forecast Upward as Activity Rises
- August 26,2021
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- SUSTG Team
With both oil and non-oil economic activity in Saudi Arabia growing as the Kingdom’s economy bounces back from the pandemic, Riyadh-based Jadwa Investment said in a research note that it will upgrade Saudi Arabia’s 2021 forecasted GDP.
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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
- August 6,2021
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- SUSTG Team
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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Saudi PPP to Invest $15 Billion in New Technology Fund – Report
- July 29,2021
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- SUSTG Team
A Saudi public-private partnership will launch a $15 billion technology fund “to advance the digital infrastructure in the Kingdom,” a report in Arab News said, based on an announcement at a conference in Riyadh on Wednesday.
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Finance, Insurance Sectors in Saudi Arabia Latest to Move Toward 100% Saudization
- July 28,2021
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- SUSTG Team
The finance and insurance sectors in Saudi Arabia will move toward implementing total Saudization with the hiring of Saudi nationals in as many as 91,000 jobs that are currently occupied by non-Saudis, according to a report from the local Okaz/Saudi Gazette.
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Saudi Arabia’s Rock Art Complex Hima Gets Sought-After UNESCO World Heritage list Designation
- July 27,2021
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- SUSTG Team
Hima, one of the largest rock art complexes in the world located in Saudi Arabia, has landed on UNESCO’s World Heritage list, the sixth such location in the Kingdom to receive the sought-after designation, according to reports. Entered into UNESCO’s listings as the Ḥimā Cultural Area, the incredible rock art is located in an arid, mountainous area of […]
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Saudi Arabia Suspends Privatization of the $2 Billion Ras Al Khair Desalination and Power Plant – Reports
- July 26,2021
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- SUSTG Team
Saudi Arabia has suspended the privatization plans for the Ras Al Khair desalination and power plant, valued at an estimated $2 billion, according to reports.
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MUST-READS
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Saudi EconomySaudi Arabia’s non-oil private sector growth slows in September
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index, fell to 55.3 last month from 56.6 in August, but held well above the 50 mark denoting expansions in activity.
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Ministry of CommerceSaudi Arabia’s Ministry of Commerce Enforces E-Billing on Private Sector
Saudi Arabia’s Ministry of Commerce and Investment urged all companies and institutions to install electronic systems to run financial transactions and billings as an alternative to the traditional ways of settling and arranging bills.
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Vision 2030Opinion: Saudi Arabia is privatizing the family silver, but how much is on the shelf?
How much could Aramco fetch today? Most agree that spinning off parts of the company could generate hundreds of billions of dollars. Saudi Deputy Crown Prince Mohammed bin Salman, the driving force behind the proposed IPO, has estimated that it will be between $2-trillion and $3-trillion. Some projections reach the $10-trillion mark.
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Sarah AttarIn conservative Saudi Arabia, 2012 Olympian Sarah Attar sees rumblings of change
On a visit in 2011, as they tell it, Sarah wished to go for a run, so Amer helped her dress as if she were male and took her to a coastal road along the Jeddah Corniche.
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Saudi EconomySaudi Arabia private sector remains ‘robust’ despite slight slowdown
“The non-oil sector in Saudi Arabia is expanding at a robust rate, despite low oil prices, government spending cuts and more recently, higher interbank lending rates," said Khatija Haque, head of regional research at Emirates NBD.
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UberUber CEO: We will develop innovative technologies in Saudi Arabia
Uber CEO Travis Kalanick told Al Alarabiya Channel's correspondent Muna Shikaki, that his company has already done good work in Saudi Arabia. He added “our number one job is helping entrepreneurs get their transportation going, a lot of them are building a business there is also helping riders getting around 80% of our riders in SA are women who can get around the cities and have access to everything that Saudi cities have.” He said “As Saudi Arabia looks to go global to connect to the world an look for the most innovative technologies Uber was a natural choice.”
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Entrepreneurship in Saudi ArabiaEntrepreneurship, innovation become economic growth drivers in Saudi Arabia
Most start-up founders in the region ponder the question of how to scale their ventures into Saudi Arabia despite daily newspaper headlines potentially leading them to different conclusions since June 2014.
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Power PlansSaudi Arabia’s electricity privatisation plans preparing ground for solar
A local paper, citing sources close the government, claims that the plan for the changes also includes a transition to renewable sources.
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Public DialoguePerspective: Saudi Arabia’s devastating internal war between liberals and conservatives
A few years ago, during the reign of late King Abdullah, the Council of Ministers called for “consolidating the people’s right to disagree.” This has not yet been realized. It is time to establish a system that protects the right of people to disagree, and is based on sharia rather than common law.
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SAGO PrivatizationSaudi Arabia: SAGO and PIF Join in Review for Privatization
SAGO, Saudi Grains Organization, and the Public Investment Fund (P I F) are currently studying the timeline plan on sector privatization. Mechanisms on sector privatization by private sector companies in partnership with specialized food industry establishments are also being studied.
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