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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
- October 24,2023
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- SUSTG Team
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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Saudi Arabia’s 7th FII Sees only “10-20” Cancellations out of 6,000 as Major Summit in Riyadh Proceeds Ahead
- October 23,2023
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- SUSTG Team
Richard Attias, the CEO of the FII Institute, said that out of over 6,000 people planning to attend the Future Investment Initiative in Riyadh this week, organizers saw only 10-20 cancellations as a result of the war in Israel and Gaza, according to reports, as the major summit will continue ahead with the event as normal. […]
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Discussing Saudi Arabia’s Regional HQ program with Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview and much more…
- October 20,2023
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- SUSTG Team
In episode 108, Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview, a leading market intelligence and research company, join The 966 to discuss Saudi Arabia’s Regional HQ program (commonly referred to as the “RHQ” program) and dive into some of the legal and practical details ahead of the effective date of the program starting in 2024. The RHQ program is the […]
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Goldman Sachs Research Report Highlights Saudi Investment to Transform Economy, Says Efforts are Showing Results
- October 19,2023
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- SUSTG Team
Saudi Arabia’s focus on diversifying its economy beyond oil is showing results, according to a recent report from Goldman Sachs Research.
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What the Israel-Hamas War Means for Saudi Arabia and the Middle East
- October 13,2023
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- SUSTG Team
Hamas’ horrific and stunning attack in Israel last week has upended the status quo in the region. With Israel now retaliating in Gaza, bombing an already desperate populace in the Gaza strip, leaving hundreds of thousands of people homeless there, and with thousands dead and injured on both sides, the war has thrown the Levant […]
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
- October 10,2023
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- SUSTG Team
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
- October 9,2023
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- SUSTG Team
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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MUST-READS
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Saudi Arabia launches ‘unprecedented’ geographical survey of renewable energy sites
Part of the National Renewable Energy Program, the ambitious project will identify the best sites to develop renewable energy projects throughout the country. Contracted companies will install 1,200 stations across all regions of the kingdom to measure solar and wind energy. Beginning this year, Saudi Arabia will tender new renewable energy projects with a capacity of 20 GW annually.
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At Least 11 Americans Among Those Dead in Hajj Pilgrimage to Saudi Arabia
The couple were among the more than 1,300 people who died while making the annual pilgrimage to the holy city of Mecca, as temperatures reached 120 degrees at times. The Saudi government said that the vast majority of them did not have permits.
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Saudi Arabia launches ‘unprecedented’ geographical survey of renewable energy sites
Part of the National Renewable Energy Program, the ambitious project will identify the best sites to develop renewable energy projects throughout the country. Contracted companies will install 1,200 stations across all regions of the kingdom to measure solar and wind energy. Beginning this year, Saudi Arabia will tender new renewable energy projects with a capacity of 20 GW annually.
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Saudi Arabia made huge strides in electronic chips, semiconductor development: Official
The semiconductor industry is considered the world's fourth commodity in terms of market value, behind crude oil, auto, and petrochemicals industries, with a value of up to $500 billion. Its size is expected to exceed $1 trillion in 2030, he highlighted.
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Saudi Arabia launches Geographical Survey Project for Renewable Energy Sites
Minister of energy said in a statement that this project, which is a part of the National Renewable Energy Program, is globally unprecedented in terms of geographical coverage. He noted that the project will include all regions of the Kingdom by surveying over 850,000 square kilometers, excluding populated areas, sand dune areas, and airspace restrictions. He clarified that this area is equivalent to the land area of entire countries, such as approximately the areas of the United Kingdom and France combined, or Germany and Spain combined. He indicated that no other country in the world has previously conducted a geographic survey of this sort on such an area scale.
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Saudi Arabia Set to Become World’s Biggest Construction Market
Saudi Arabia is set to become the world’s largest construction market as the kingdom pours vast amounts of money into projects aimed at overhauling and diversifying the economy, according to real estate consultancy group Knight Frank. The country’s total construction output value is forecast to reach $181.5 billion by the end of 2028, up almost 30% from 2023 levels, the London-based firm said in a research report published Monday.
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Phased development for world’s largest airport in Saudi Arabia
The airport is expected to cover 57 square kilometres and handle 120 million passengers per year, which would make it the largest in the world in terms of passenger numbers. It will be built on a brownfield site over the existing King Khalid International Airport. UK-based Mace has won the role of delivery partner on the project, while it is being designed by architecture company Foster + Partners.
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What the West gets wrong about Saudi Arabia.
On this episode of the Al-Ma'idah initiative we talk to Dr. Abullrahman Bin Nooh, a Saudi GP who spent his youngest years in America, then lived in Saudi Arabia from the age of twelve. We discuss the ways the West misunderstands Saudi, the historic problems in Saudi, the ways Saudi culture has grown, areas it still needs to grow in and what the future looks like for the country.
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HRS to open first hydrogen station in Saudi Arabia
Hydrogen Refueling Solutions (HRS), European designer and manufacturer of hydrogen refueling stations, has announced the first order of a hydrogen station outside of Europe, from a Saudi Arabian developer. The site was ordered by a local national energy company and is set to supply a planned fleet of 20 buses and light vehicles, with construction starting in July. As its first station to be sold outside Europe, this marks a decisive step in HRS's strategy of international development.
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Saudi Arabia’s markets ready for annual surge in demand
Every year, markets in Saudi Arabia witness increased footfall as Hajj pilgrims look for souvenirs and gifts to commemorate the journey of a lifetime. The gold market, especially in Makkah, Madinah and Jeddah, thrives with its showcase of intricate designs, from traditional to contemporary styles, catering to diverse jewelry tastes. Speaking to Arab News, Mohammed Akbar, a trader in Jeddah said: “During the Hajj season, we make it a point to showcase designs that cater to all nationalities. Pilgrims from diverse countries have a penchant for various types of gold.
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