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Saudi’s SAMI Ink’s Deal with France’s Safran Helicopter Engines for Engine Maintenance – Reuters
- June 23,2023
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- SUSTG Team
State-owned Saudi Arabian Military Industries(SAMI) signed an agreement with France’s Safran Helicopter Engines for engine maintenance and repair, Reuters reports.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
- June 22,2023
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- SUSTG Team
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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Saudi Arabia Allocates $7.8 Billion Worth of Investments for Expo 2030 – SPA
- June 21,2023
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- SUSTG Team
Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported early on Wednesday, as the Kingdom pitches for the opportunity to host the global event.
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Airbus, Saudi Company Scopa Group Agree to $6.7 Billion Helicopter Pact as Paris Air Show Kicks Off
- June 19,2023
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- SUSTG Team
Airbus SE has signed an investment agreement worth more than 25 billion riyals ($6.7 billion) to build military and civilian helicopters in Saudi Arabia with a local defense company called Scopa Group, Bloomberg reports.
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Global HVAC and smart home leader Johnson Controls Arabia CEO Dr. Mohanad Alshaikh joins The 966
- June 16,2023
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- SUSTG Team
The 966 speaks with Dr. Mohanad AlSheikh, CEO of Johnson Controls Arabia, a leading player in Saudi Arabia and the MENA region’s growing HVAC and smart building market. The 966 hosts ask Dr. Mohanad about the growing business opportunities in the HVAC and smart buildings space in the Kingdom and the wider region, the company’s […]
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Saudi gigaprojects update: All you need to know
- June 15,2023
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- SUSTG Team
Writing for Construction Week, Angitha Pradeep provides an update on five (more if you separate Neom’s multiple builds) giga projects ongoing in Saudi Arabia.
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Saudi Crown Prince in France to Meet Macron and Attend Global Summit
- June 14,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman headed for France on an official visit, the Saudi Press Agency reported, citing the Royal Court.
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Saudi Arabian Low-Cost Carrier Flynas is in Talks for an Airbus SE Jet Order – Reports
- June 13,2023
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- SUSTG Team
Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, people familiar with the matter told Bloomberg, as the main challenger to U.S.-based Boeing eyes major deals from growing Middle East carriers.
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The Saudi PIF Invests in Saudi football, Messi to Miami, and Saudi entrepreneurs Sara Bin Laden and Renad Aljefri join The 966
- June 9,2023
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- SUSTG Team
Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council’s Women Innovators Fellowship, known as the WIN fellowship – a program launched by the empowerME initiative of the […]
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Mena Startups Raised $445 Million in May 2023 – Wamda Report
- June 8,2023
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- SUSTG Team
May represented a bounce-back of sorts for the MENA VC and startup ecosystem, with venture funding into the region’s startups touched $445 million spread across 39 transactions, compared to $7 million raised across 11 deals reported in the preceding month, according to a monthly report in Wamda.
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MUST-READS
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First-ever Islamic Arts Biennale held in Saudi Arabia’s Jeddah
The exhibition (January 23-April 23), displays over 280 works of Islamic historical objects — including 239 from Saudi Arabia and 15 that have never been exhibited before — within an 80,000-square-meter space alongside 60 new commissioned works of contemporary art by 42 international artists and collectives, among which 18 are from Saudi Arabia.
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Saudi Arabia Regional Headquarters Programme: Contracting with government entities
By way of background, the Regional Headquarters (RHQ) Programme is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City which aims to attract multinational companies to establish their regional headquarters in the KSA. The RHQ Programme forms part of the Vision 2030 initiative to enhance and diversify the KSA economy. In February 2021, the KSA government announced its intention to cease contracting with companies that do not have their RHQ situated in KSA.
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Saudi Arabia Regional Headquarters Programme: Contracting with government entities
By way of background, the Regional Headquarters (RHQ) Programme is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City which aims to attract multinational companies to establish their regional headquarters in the KSA. The RHQ Programme forms part of the Vision 2030 initiative to enhance and diversify the KSA economy. In February 2021, the KSA government announced its intention to cease contracting with companies that do not have their RHQ situated in KSA.
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Parsons confirmed delivery partner for 170km The Line at NEOM, Saudi Arabia
Parsons’ framework agreement for consultancy services on The Line includes project and construction management services for the design, procurement, construction, testing and commissioning of the project.
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Saudi Arabia’s Wa’ed Ventures Invests In Paris-Based Pasqal And Tokyo-Based Terra Drone As Part Of Its New Global Agenda
Saudi Aramco-owned venture capital firm Wa'ed Ventures has announced two global investments, which includes partaking in a US$108 million equity Series B round raised by Paris-based quantum computing startup Pasqal, as well as leading a $14 million bridge round for Japan-based drone and urban air mobility technology company Terra Drone. The latter marks Wa'ed Ventures' first foray into the Asian market.
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Heart of Arabia explorers complete mammoth 1,300km trek across Saudi Arabia
A team of explorers finished their four-week, 1,300km trek across Saudi Arabia on Monday. The Heart of Arabia expedition set off from Al Uqair on the east coast in November and travelled by foot and camel with vehicles in support to Jeddah on the Red Sea, including a break in Riyadh in December. The route took them across the vast deserts of Saudi Arabia, with hot days and bitterly cold nights, and across lava fields, muddy valleys and steep rock faces. “It's been just brilliant, an utterly wonderful experience. We feel so grateful to have had such amazing support,” said the expedition’s leader, Oman-based British explorer Mark Evans.
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Heart of Arabia explorers complete mammoth 1,300km trek across Saudi Arabia
A team of explorers finished their four-week, 1,300km trek across Saudi Arabia on Monday. The Heart of Arabia expedition set off from Al Uqair on the east coast in November and travelled by foot and camel with vehicles in support to Jeddah on the Red Sea, including a break in Riyadh in December. The route took them across the vast deserts of Saudi Arabia, with hot days and bitterly cold nights, and across lava fields, muddy valleys and steep rock faces. “It's been just brilliant, an utterly wonderful experience. We feel so grateful to have had such amazing support,” said the expedition’s leader, Oman-based British explorer Mark Evans.
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Islamic Arts Biennale in Jeddah, Saudi Arabia
With a scenography designed by OMA / Iyad Alsaka and Kaveh Dabiri, the first edition of the Islamic Biennale has opened in Jeddah, hosted by the Diriyah Biennale Foundation. Artworks are displayed over 120,000 square meters of exhibition spaces, taking over the Western Hajj Terminal, designed by Skidmore, Owings & Merrill (SOM) and winner of the Aga Khan Award in 1983.
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Saudi Arabia’s 2023 economic outlook (in 7 charts by Strategic Gears)
Strategic Gears has released its 2023 economic outlook for Saudi Arabia, with its report providing in-depth insight into the state of the Kingdom’s economy across key aspects such as monetary, fiscal and labour market, as well as progress expected to be realised in the coming twelve months – as part of the government’s Vision 2030 strategy.
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Islamic Arts Biennale in Jeddah, Saudi Arabia
With a scenography designed by OMA / Iyad Alsaka and Kaveh Dabiri, the first edition of the Islamic Biennale has opened in Jeddah, hosted by the Diriyah Biennale Foundation. Artworks are displayed over 120,000 square meters of exhibition spaces, taking over the Western Hajj Terminal, designed by Skidmore, Owings & Merrill (SOM) and winner of the Aga Khan Award in 1983.
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