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Recent stories from sustg
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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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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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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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Saudi NEOM Green Hydrogen Co. Signs $8.5bn Finance Deals
- March 1,2023
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- SUSTG Team
Saudi-based NEOM Green Hydrogen Co. has signed finance agreements with several financial institutions totaling $8.5 billion, Arab News reports, to finance its clean energy facility.
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National Pride on Display Across the Kingdom as Saudi Arabia Celebrates Founding Day February 22nd
- February 22,2023
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- SUSTG Team
Saudi Arabia celebrated its newest national holiday, Founding Day, for the second time on February 22nd which honors the establishment of the Saudi state and is marked by traditional demonstrations across the Kingdom.
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LEAP Conference Concludes in Riyadh with Major Deals, Focus on Tech
- February 9,2023
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- SUSTG Team
The 2023 LEAP conference ended on Thursday in Riyadh, with major deals for cloud computing centers and announcements of investments into the Kingdom’s tech sector in hopes of creating a vibrant startup ecosystem.
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Saudi Arabia’s PIF, U.S.-Based AeroFarms Agree to Establish Riyadh-Based Vertical Farms Company
- February 1,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has signed a joint venture agreement with New Jersey-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom with an eye toward expansion in the wider MENA region, according to a report in Arab News and a press release from the PIF.
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Saudia Travelers to Get 4-Day Visa With Ticket Purchase in New Tourism Push
- January 26,2023
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- SUSTG Team
Saudi Arabia is set to relax its visa entry requirements further with a new program to boost tourism that grants a four-day visa to those who fly into the Kingdom on its national carrier, Saudia, according to reports.
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NEOM’s Oxagon Will Open First Hotel in 2025 – Report
- January 24,2023
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- SUSTG Team
Neom’s OXAGON city will see its first hotel opening in 2025, according to a report, as development across the Kingdom’s giga-projects continues forward.
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Bloomberg Columnist Hussein Ibish on US-Saudi Relations, Energy and Global Diplomacy, and Much More
- January 13,2023
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- SUSTG Team
Bloomberg columnist and senior resident scholar at the Arab Gulf States Institute in Washington Hussein Ibish joins The 966 to talk about global diplomacy, U.S.-Saudi relations, energy markets, Saudi Arabia as an emerging power, and so much more. Ibish is a weekly columnist for Bloomberg and The National (UAE) and is also a regular contributor […]
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MUST-READS
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Public Investment FundSaudi PIF entertainment company plans to build leisure complex in Riyadh
Saudi Arabia announced plans on Wednesday to build an entertainment complex in the capital Riyadh, the latest in a series of state-backed efforts to encourage public leisure activities after decades of tight social restrictions.
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PIFSaudi Arabia’s PIF eyes stake in U.S. movie studio Legendary – sources
Saudi Arabia’s sovereign wealth fund PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as “Jurassic World” and “Interstellar”, according to people familiar with the matter.
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Public Investment FundKhashoggi crisis may test Saudi PIF’s expansion ambitions
the outcry over the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul this month has made some Western firms reluctant to deal with PIF, threatening to slow some of its grandiose projects and global investments.
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Saudi Stock MarketSaudi’s PIF supports stocks to limit Khashoggi crash, sources say
The Saudi index .TASI has dropped over 4 percent since the beginning of October, but the loss would have been bigger if state-linked funds had not mounted an operation to support the stock market, several sources said.
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Public Investment FundSaudi fund PIF purchases $578.6 mln land plot in northern Riyadh
Saudi Arabia’s sovereign wealth fund has purchased a huge plot of land in northern Riyadh for 2.17 billion riyals ($578.64 million) in what the auction operator and Saudi media described as the largest real estate transaction in the kingdom.
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Saudi-SoftbankSoftbank says it is working with Saudi PIF on solar power project
Japan’s SoftBank said on Tuesday it is working closely with Saudi Arabia’s sovereign wealth fund on a solar power-generation project, dismissing a Wall Street Journal report that it had shelved the $200 billion project with the Public Investment Fund (PIF).
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FII100 global business chiefs confirmed for Saudi PIF gathering
Saudi Arabia’s Public Investment Fund (PIF) has confirmed more than 100 global investors, CEOs and disruptive innovators as speakers at the Future Investment Initiative (FII) in Riyadh next month.
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Public Investment FundSaudi Arabia’s PIF forms FII advisory board of international executives
The Public Investment Fund, Saudi Arabia's sovereign wealth fund, has formed an advisory board that includes 11 executives from across the globe's technology, finance and business sphere that will provide strategic guidance on developing the kingdom's Future Investment Initiative as platform that attracts investment.
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Public Investment FundExclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc (TSLA.O) CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday.
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Public Investment FundCommentary: Debt finance is a fact of life for modern economies, as PIF has recognized
The idea of a cash-rich SWF looking for a loan might strike some as bizarre, but there is a logic and precedence to it. SWFs have changed from being simply a national bank account to be dipped into whenever an opportunity arose. Now, SWFs are regarded as agents of economic and social policy, with as much of a responsibility to help steer overall economic strategy as to turn a dollar in some exciting foreign investment, such as a football club or a swanky department store.
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