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Recent stories from sustg
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Goldman Sachs Sees Saudi and Russia Supply Cuts as Adding Upside Risk to Previous Forecast
- September 7,2023
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- SUSTG Team
Goldman Sachs Commodities Research said Saudi Arabia and Russia’s extension of voluntary supply cuts posed bullish risks to their crude price forecasts, raising a possibility that Brent could jump as high as $107 a barrel next year, according to a report in Reuters.
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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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Halo Space to test Balloon Flight from Saudi
- April 11,2024
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- SUSTG Team
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia’s New Luxury Train Experience through Kingdom’s Desert Set to Add to Tourism Portfolio
- January 29,2024
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- SUSTG Team
State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom, which paves the way for the Kingdom to have another differentiating tourism experience.
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Saudi Arabia Set to Host World Cup in 2024 as Competitors Drop Out
- November 2,2023
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- SUSTG Team
Saudi Arabia is on the brink of hosting the 2034 World Cup after competing bidder Australia dropped its candidacy to host the global event, marking another milestone in Saudi Arabia’s efforts to develop sports as a contributor to its economic diversification goals.
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Report – Middle East Hotel Project Count Hits All-Time High
- September 6,2023
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- SUSTG Team
The Middle East region continues to show steady pipeline growth in hotel projects in the second quarter of 2023, with the highest project count since Q1 2020, according to the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
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The 966 – Episode #129, Saudi Film Industry Six Years after Theaters Re-Opened with Todd Albert Nims
- May 22,2024
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- SUSTG Team
Theaters are booming, the Saudi film industry is creating successful local content and all metrics are up for the sector. Todd Albert Nims, creator, director and producer, joins The 966 to share his perspective on all the exciting changes underway.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
- April 11,2024
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- SUSTG Team
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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The PIF’s biggest event of the year in Riyadh, the latest on the Saudi peace plan, and alcohol in Saudi Arabia? — The 966 Episode 120
- January 30,2024
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- SUSTG Team
In episode 120, The 966 once again has on offer a menu of excellence discussing some of the most important topics happening in Saudi Arabia this week — a tough decision for the editorial team as Saudi Arabia continues to create headlines as it marches forward with economic and social reforms.
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MUST-READS
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Rummah ValleyIN PICTURES: A Saudi valley with majestic waterfalls pulls in photographers
Photographers in Saudi Arabia have been racing to capture photographs of the Rummah Valley, with a variety documenting aerial and ground images since waterfalls have begun forming in the area.
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Nile RiverWill the next Middle East war be about water?
The authority to police the precious waters of the Nile was granted to Egypt in 1929 through an agreement signed by Egypt and Great Britain, ignoring the other ten riparian countries concerned, which were then under British colonial rule. Another agreement, in 1959, involved Britain, Egypt and Sudan.
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WaterThe Coming Fight for Middle Eastern Water
In the words of UN Under Secretary General Hans van Ginkel, “conflicts over water, both international and civil wars, threaten to become a key part of the twenty-first century landscape.”
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AfghanistanIs Water Scarcity a Bigger Threat Than the Taliban in Afghanistan?
The United Nations has stated that water scarcity — not war — is a rising cause for displacement in Afghanistan. There are 1.5 million Afghans, approximately 4 percent of the population, that are displaced and 448,000 were added in 2017 alone.
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WaterSaudi to pay citizens’ water bills, companies’ late fees for visa renewal
Saudi Arabia will pay for the cost of “rational consumption of water” to beneficiaries of its social security programme and fees for the late renewal of workers’ visas if companies are hit by government payment delays, Saudi Press Agency said on Tuesday.
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National Water CompanySaudi Arabia consults international companies on water privatisation drive
Saudi Arabia's state-owned National Water Co (NWC) said on Thursday it was starting preparations to involve international companies in the kingdom's water distribution and treatment sector, part of privatisation plans drafted by the government.
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WaterSaudi Arabia consults international companies on water privatisation drive
Saudi Arabia's state-owned National Water Co (NWC) said on Thursday it was starting preparations to involve international companies in the kingdom's water distribution and treatment sector, part of privatisation plans drafted by the government.
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WaterNational Water says projects worth $12 bln under construction
Saudi Arabia’s National Water Company has 901 projects under construction, at a cost of more than SAR 45.2 billion, the firm said in a statement on Tuesday.
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Saudi Oil PolicySaudi Arabia resumes oil exports through key waterway
About 4.8 million barrels of oil and petroleum products pass through the strait every day, according to US government figures.
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GCC PPPsPPPs emerge as model-of-choice for Gulf water infra projects
A new wave of development is under way in the GCC, where large-scale investments are rapidly being made to build and upgrade core infrastructure projects.
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