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Challenges Remain for Investment into Saudi Arabia as FDI Falls 60% in 2022
- April 4,2023
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- SUSTG Team
Foreign direct investment (FDI) into Saudi Arabia fell by almost 60% in 2022, the first annual drop in five years and the second largest drop in more than 15 years, according to new data.
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Honeywell to open state-of-the-art regional manufacturing center in Saudi Arabia’s King Salman Energy Park
- April 3,2023
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- SUSTG Team
Honeywell signed a deal to open an advanced regional manufacturing center at the King Salman Energy Park (SPARK) — Saudi Arabia’s new energy industrial zone, according to a press release.
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Top U.S. Commercial Officer in KSA James Golsen, U.S.-Saudi trade after the Boeing-Riyadh Airways deal, and experiencing Al-Ula
- March 31,2023
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- SUSTG Team
In Episode 80 of The 966 Podcast, Mr. James Golsen, Senior Commercial Officer for Saudi Arabia and Bahrain, discusses his work building U.S.-Saudi trade and business relations and his journey to the important post. The 966 hosts talk with James about his role building U.S.-Saudi trade relations and enhancing investment opportunities in Saudi Arabia. They also […]
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Kingdom Targets New ‘Underground River’ Longer than Nile to Address Water Needs
- March 30,2023
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- SUSTG Team
Saudi Arabia is planning to launch the world’s largest potable water project by digging a “river” four meters deep, 11 meters wide and 12,000 kilometers long, aimed at surpassing the Nile river, according to a local reporter and published in Arabian Business.
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Understanding the Saudi-Iran agreement with a trio of special guests: Saudi Embassy Spokesperson Fahad Nazer, CSIS’ Dr. Jon Alterman, and Saudi Foreign Policy Expert Dr. Aziz Alghashian
- March 24,2023
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- SUSTG Team
Saudi Arabia and Iran recently agreed to normalize ties between the two regional powers after seven years. The 966 speaks with three top voices to understand the deal and the potential road ahead for Saudi Arabia, Iran, China, the United States, and other regional and global players.
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Holy Month of Ramadan Begins for Muslims Around the World; Ramadan Kareem from the SUSTG Team
- March 23,2023
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- SUSTG Team
The Muslim holy month of Ramadan began at sundown on Wednesday, as Muslims around the world celebrated the start of the holy month which begins a period of dawn-to-dusk fasting intended to bring them closer to God and to remind them of the suffering of those less fortunate.
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Saudi Astronauts Meet with HRH Ambassador Reema bint Bandar; Set to Conduct Cloud-Seeding Experiments in Space
- March 22,2023
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- SUSTG Team
Two Saudi astronauts who are heading to the International Space Station met this week with HRH Princess Reema bint Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, who shared a photo of the meeting on social media.
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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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MUST-READS
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Saudi Arabia planning to invest $427bn through partnerships: Minister
Saudi Arabia is set to invest SR1.6 trillion ($426.72 billion) through partnerships with the private sector and various countries, the minister of transport and logistics revealed. During the Saudi-EU Investment Forum, Saleh bin Nasser Al-Jasser clarified that the Kingdom aims to increase the number of pilgrims and Umrah visitors to over 30 million and tourists to more than 100 million annually, in alignment with Vision 2030 goals, according to the Saudi Press Agency.
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Research shows Saudi residents support green ambitions as part of Vision 2030 plans
The Institute’s research, conducted in conjunction with the polling agency Kantar and covering over 1,000 adults aged 18-54 living in Saudi Arabia, firmly establishes the depth of public support in the Kingdom for the reforms of Vision 2030. Indeed, this polling research shows that a still higher proportion (88%) of Saudis support one of the broader aims of Vision 2030: to diversify the Kingdom’s economy and transition away from oil revenues.
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KC-135s Arrive in Saudi Arabia to Replace Departed KC-10s
KC-135 Stratotankers have arrived in Saudi Arabia to replace the KC-10s which recently left the region for good after 30-plus years of service. The aerial tankers from Fairchild Air Force Base, Wash., arrived at Prince Sultan Air Base on Oct. 2. The 384th Expeditionary Air Refueling Squadron (EARS) will support combat operations throughout the U.S. Central Command area of responsibility.
A spokesperson at Air Mobility Command told Air & Space Forces Magazine that while the exact number of deployed aircraft can’t be revealed for the operational security reasons, the KC-135s are the optimal replacement for the KC-10s with the durations of theater sorties, and the aircraft will meet Global Combatant Command requirements. -
All-woman F1 Academy series to race in Saudi Arabia to start an expanded 2024 schedule
Formula One’s F1 Academy series for female drivers will race next year in Saudi Arabia to start an expanded schedule with a more prominent role in grand prix weekends. The event in March in Saudi Arabia — which lifted a ban on women driving on its roads in 2018 — starts an expanded seven-round calendar announced Tuesday for the F1 Academy in its second season. The series will also race in Miami in May before heading to Spain, the Netherlands, Singapore, Qatar and Abu Dhabi.
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Saudi Arabia-backed mixed martial arts league in talks to purchase rival
The Professional Fighters League is in talks to acquire its mixed martial arts competitor Bellator, as the Saudi Arabia-backed league’s founder goes on a talent acquisition drive. The negotiations follow a $100mn investment in PFL in August by a newly created sports company owned by Saudi Arabia’s sovereign Public Investment Fund. The league, founded in 2017 by US entrepreneur Donn Davis, is looking to go head-to-head with rival Endeavor’s Ultimate Fighting Championship, which has long dominated the mixed martial arts world.
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Rod Stewart rejects Saudi Arabia concert opportunity
Rod Stewart turned down a recent concert opportunity in Saudi Arabia, which has a history of human rights abuses, over his concern for its citizens who have "extremely limited choices," he said in a statement on Instagram.
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Saudi FM takes part in Arab League meeting on Israel-Hamas war
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan took part in an extraordinary Arab League meeting on the Israel-Hamas war in Cairo on Wednesday. The meeting discussed the military escalation in Gaza and its surroundings, the worsening situation that threatens the lives of civilians and the security and stability of the region, and ways to provide protection for and aid to civilians in the Gaza Strip. During the meeting, making every possible effort to communicate with all international and regional parties to stop the escalation was discussed.
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Saudi FM discusses developments in Gaza with UK, Canadian counterparts
Saudi Arabia’s foreign minister received on Tuesday phone calls from British and Canadian counterparts, the Saudi Press Agency said. Prince Faisal bin Farhan, James Cleverly, and Melanie Joly discussed the developments in Gaza and its surroundings, and the need to work to calm tensions and stop the escalation.
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Neolithic Tools Hint at Unknown Rock Art in Saudi Arabia
The researchers suggest the heavy use of the tools to grind pigments in particular suggest that the Neolithic people at the site were painting on a scale much larger than suggested by the number of rock art sites now known to archaeologists.
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Sustainability at heart of Saudi Green Building Forum
The 13th Saudi Green Building Forum opens in Riyadh on Monday at the King Abdullah Financial Center. The two-day event, whose theme is “Localization of Sustainable Development Goals,” seeks to promote a sustainable future for the construction industry by eliminating carbon emissions and promoting the use of eco-friendly materials.
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