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Sustainability in Saudi Arabia with expert Jeffrey Beyer, the Red Sea’s latest developments, and more – The 966 Episode 63
- October 21,2022
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- SUSTG Team
Episode 63! The hosts welcome Jeffrey Beyer, Managing Director, Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and private companies for the low carbon economy. First, the hosts discuss Richard’s one big thing this week, which is Saudi Arabia’s forthcoming Saudi Games, the largest single sporting event ever in Saudi Arabia. Lucien’s […]
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Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report
- October 20,2022
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- SUSTG Team
Saudi Aramco is pushing ahead with plans for an IPO of its energy-trading business to take place as soon as the end of 2022 or early 2023, Bloomberg reports, citing people familiar with the matter.
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Saudi Arabia’s Crown Prince Mohammed bin Salman Launches National Industrial Strategy
- October 19,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
- October 18,2022
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- SUSTG Team
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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Brooks Koepka Wins First LIV Golf Jeddah Event, Overcomes Uihlein on 3rd Playoff Hole
- October 17,2022
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- SUSTG Team
Brooks Koepka holed his birdie putt on the third playoff hole to win the LIV Golf Invitational-Jeddah in Saudi Arabia on Sunday and claim his first victory on the tour.
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
- October 14,2022
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- SUSTG Team
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
- October 13,2022
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- SUSTG Team
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Saudi Arabia’s Population Grows 9.3% in 2021, Officially Reaching 34 million
- October 11,2022
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- SUSTG Team
Saudi Arabia’s population reached 34 million people in 2021, according to a recent report by Saudi Arabia’s Ministry of Health and published in the Saudi Gazette, at an annual growth rate of 9.3%.
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Saudi Arabia’s PIF Commits Over $2 Billion to New Long-term Football Sponsorship Deals this Year – FT Report
- October 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has committed more than $2 billion to new long-term football sponsorship deals this year, with much of that spent domestically in Saudi Arabia, the Financial Times reports, citing the PIF’s most recent financial statements.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
- October 7,2022
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- SUSTG Team
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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MUST-READS
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Saudi Arabia’s Economy Expanded 1.6% in the Fourth Quarter
Saudi Arabia’s gross domestic product expanded 1.6% in the fourth quarter compared to the previous three months, as high oil prices help the kingdom recover from the impact of the pandemic. The non-oil sector -- the engine of job creation -- grew 1.2% on a quarterly basis, according to data released by the General Authority for Statistics. On an annual basis, non-oil growth hit 5.1%, with the overall economy expanding 6.7%. The figures were in line with preliminary estimates released last month.
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Lockheed Martin to invest $1 billion in manufacturing in Saudi Arabia
Piselli said Lockheed Martin had big contracts with Saudi Arabia. In addition to collaborating on building parts, it wants to include the kingdom in global supply chains and create an export market. Revenues from Gulf Arab countries reached $4 billion in 2020, he said, without giving a more recent figure.
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Saudi Arabian Grand Prix introduces modifications to Jeddah Corniche Circuit, shifts race start time forward
The venue, which made its début last December, will have Turns 2, 3, 14 and 21 altered by bringing the barriers back between one to two metres. These changes are expected to improve visibility for drivers, as blind corners proved to be a flaw of the circuit in 2021. The track limits of these turns will remain as they were. The track limits of turn 27 will be widened, with the right-side barrier being pushed back by 1.5 metres. On Turns 4, 16, 22 and 24 steel plates will be installed to give drivers a smoother barrier to skim past, a change made as a result of driver feedback.
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Raytheon to move Patriot missile parts production to Saudi Arabia
Raytheon Technologies Corp RTX.N plans to move Patriot missile parts production to Saudi Arabia, Asharq Business news website reported on Monday, citing Thomas Laliberty, the vice president of Land Warfare & Air Defense at Raytheon Missiles & Defense.
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Lockheed Missile-Defense System Parts Will Be Made in Saudi Arabia
Components for Lockheed Martin Corp.’s Thaad missile-defense system sold to Saudi Arabia will be built locally to develop the kingdom’s defense industry. Under the agreement, interceptor launchers and canisters for the so-called Terminal High Altitude Area Defense batteries will be manufactured in Saudi Arabia, the kingdom’s military industry regulator and the U.S. defense group said in a joint statement. They didn’t give an exact time frame for production.
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Saudi Arabia opens Hajj to foreign participation after two-year hiatus
After two years of restriction, Saudi Arabia has confirmed the participation of foreign pilgrims from around the world in this year’s hajj rituals. Saudi Ministry of Hajj and Umrah Sunday disclosed that a revised quota of pilgrims for hajj 2022 will soon be released to each participating country.
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Saudi Arabia’s burgeoning art scene
The world’s largest mirrored building, the Maraya cultural complex where the desert can admire its own reflection, played host earlier this month to the American singer Alicia Keys. The venue currently has a superb exhibition, What Lies Within, of mostly female Arab contemporary artists drawn from the collection of Basma AlSulaiman that, were it not rendered toxic by its Saudi provenance, would readily tour to, say, Paris’s Institut du Monde Arabe or London’s V&A.
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Lucid to start construction on first international manufacturing plant in Saudi Arabia
US-listed Lucid has signed agreements with the Ministry of Investment of Saudi Arabia, the Saudi Industrial Development Fund (Sidf) and the Economic City at King Abdullah Economic City (Kaec) for the factory, it said on Tuesday. At the Kaec plant's peak, the company expects to manufacture up to 150,000 vehicles per year.
- PR Newswire - Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
- Lucid - Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
- The Street - Lucid Pulls Saudi Arabia Out of a Hat Against Tesla
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Saudi Arabia Princess on NFTs: ‘They Are the Next Medium of Artistic Expression’
Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said.
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Several countries participate in ‘Spears of Victory 2022’ exercise in eastern Saudi Arabia
The “Spears of Victory 2022” joint exercise continued at the Air War Center in Saudi Arabia’s Eastern Sector, with the participation of a number of countries, the Kingdom defense ministry said on Thursday. The exercise was held in the presence of the commanders of the Royal Saudi Air Defense Forces, Royal Saudi Air Force, US Air Forces Central, and the Royal Bahraini Air Force, with wide participation from all branches of the Saudi armed forces, the Ministry of National Guard, and the Presidency of State Security.
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