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U.S.-Based Marriott Inks Deal with Rua Al Madinah Holding Company for Eight Hotels
- March 21,2023
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- SUSTG Team
U.S.-based Marriott International announced it has signed an agreement with Rua Al Madinah Holding Company to open as many as eight hotels in the Holy City of Madinah in Saudi Arabia.
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Iran’s Government Proposes Three Locations for Meeting of Foreign Ministers; Riyadh Reportedly Invites President to Visit
- March 20,2023
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- SUSTG Team
The Iranian government has proposed to Saudi Arabia three locations for a meeting of foreign ministers, according to Iran’s foreign minister, as the two countries move forward with re-establishing ties.
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F1 Returns to Jeddah, Saudi Arabia for Jeddah Grand Prix This Weekend
- March 17,2023
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- SUSTG Team
Saudi Arabia is set to host the Jeddah Grand Prix this weekend, which takes place at the Jeddah Corniche Circuit on Sunday, March 19.
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US Senate confirms Michael Ratney as next US ambassador to Saudi Arabia
- March 16,2023
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- SUSTG Team
Despite being nominated by US President Joe Biden in April 2022, Michael Ratney, has just been confirmed by the US Senate as the next US ambassador to Saudi Arabia.
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White House and Embassy of Saudi Arabia release statements lauding ‘landmark’ purchase of Boeing aircraft
- March 15,2023
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- SUSTG Team
White House Press Secretary Karine Jean noted that the agreements will anchor Saudi Arabia’s new international airline together with support for a new international airport. The partnership is another milestone in eight decades of cooperation between Saudi Arabia.
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Saudi Arabia’s New National Airline, Riyadh Air, Names CEO and Eyes Billions in Boeing-Made 787s
- March 14,2023
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- SUSTG Team
Saudi Arabia launched a new airline, Riyadh Air, and named an industry-veteran CEO in Tony Douglas for the new company this week. The airline, along with current state-flag carrier Saudi Airlines (Saudia) signed an agreement for an order of 72 Boeing-made airplanes.
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Riyadh-based Consultancy Mukatafa, Saudi Ministry of Economy and Planning Sign MOU to Collaborate on Private Sector Development
- March 13,2023
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- SUSTG Team
Riyadh-based private consultancy firm Mukatafa has signed a MOU with Saudi Arabia’s Ministry of Economy and Planning to improve the Kingdom’s development plans and enable sustainable growth, according to Arab News.
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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
- March 9,2023
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- SUSTG Team
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Polish Prime Minister Mateusz Morawiecki Visits Riyadh, Meets with Crown Prince Mohammed bin Salman
- March 8,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman “reviewed relations and issues of mutual concern” with Polish Prime Minister Mateusz Morawiecki on Tuesday in Riyadh.
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MUST-READS
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Heart of Arabia: 1,300-km expedition across Saudi Arabia to retrace Philby’s 1917 trek
A team of explorers will embark on a 1,300-kilometre expedition across Saudi Arabia in November, retracing the route first documented by the British explorer Harry St John Philby in 1917. The Heart of Arabia Expedition was announced by its patron, British royal Princess Anne, in London on Tuesday. Oman-based explorer Mark Evans will lead the group by foot and camel for 30 days across the Arabian Peninsula, from Al Uqair in the east, to Jeddah on the western coast.
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Saudi Arabia celebrates National Day with arts, theater, air shows and music
Riyadh is set to celebrate Saudi National Day with a range of events and activities including music, theater and a specially designed Cirque du Soleil show.
- Saudi Gazette - Patriotic fervor, euphoria erupt as Saudi Arabia starts celebrating National Day
- The National - Saudi National Day: Citizens to celebrate with fireworks, biggest-ever air show
- Asharq Al-Awsat - What Do We Know About the First Celebration of Saudi National Day?
- The National - Celebrations in Riyadh for Saudi National Day - in pictures
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Saudi Arabia partners with Google Cloud to ‘elevate’ women’s participation in AI sector
Saudi Arabia has partnered with American tech firm Google to launch a global program that will look to reduce the gender gap in the technological sector, especially artificial intelligence. The Saudi Authority for Data and Artificial Intelligence announced the new initiative named ‘Elevate’, in association with Google Cloud, during the 2nd Global AI Summit in Riyadh on Sept. 15.
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Perspective: Ostracized by the West, Russia Finds a Partner in Saudi Arabia
In 2016, Russia and Saudi Arabia agreed to expand the oil cartel, creating OPEC Plus. Their partnership has proved enduring with the exception of a brief falling out in early 2020, when the start of the coronavirus pandemic led to a collapse in oil prices and the two countries disagreed on what to do.
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An art renaissance is underway in Saudi Arabia’s AlUla
Although Wadi AlFann is slated to open in 2024, starting later this year itself will be a pre-opening programme that will illustrate what is to come. It will include temporary exhibitions, public symposia and artist residencies too. There will also be tours through the valley, and educational opportunities for local communities within the region including sessions with art professionals and masterclasses with Wadi AlFann’s artists. The commissioning of the first five artworks is only the beginning, as Aldabal notes, and more artists will be invited from around the world to be a part of AlUla’s art renaissance.
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Saudi Arabia urges Iraq’s political parties to peacefully address people’s demands
Saudi Arabia urged all political parties in Iraq to resort to peaceful solutions to address the demands of the Iraqi people after clashes in Baghdad killed at least 23 people, the official Saudi Press Agency (SPA) reported on Tuesday.
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Saudi Arabia’s startup investment poised to set new record
Venture-backed startups in Saudi Arabia have been bolstered by a confluence of favorable trends in recent years—including low interest rates, increasing urbanization, demand for online groceries, pro-business reforms and a sharp rise in oil revenues. The momentum has catapulted VC deal value in the region, reaching more than $425 million so far this year, on pace to surpass record levels of 2021, according to PitchBook data.
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Women own 45% of startups in Saudi Arabia: Report
According to a report issued by the General Authority for Small and Medium Enterprises (Monsha'at), the percentage of enterprises owned by women reached 45 percent, of the total owners of start-ups, until the first half of 2022, which is double the percentage achieved in 2017.
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Women own 45% of startups in Saudi Arabia: Report
In this context, the report stated that the number of small and medium-sized enterprises in the Kingdom reached 892,063 by the end of the first half of this year, an increase of 25.6 percent compared to the last quarter of 2021. The report stated that the food and beverage sector obtained the largest percentage of investment financing in the first half of this year.
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Saudi Arabia’s startup investment poised to set new record
As part of the Kingdom's Vision 2030 strategy, the country launched the Financial Sector Development Program to move toward a cashless society and enable financial institutions to support the private sector. The latest in the slew of freshly funded startups in the region is Tamara, a provider of a buy now, pay later platform. The company raised $100 million in a round led by Sanabil Investments, Arab News reported.
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