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Reports: Crown Prince and Delegation to Meet with Tech, Defense, Banking Giants
- March 22,2018
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- SUSTG Team
Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince’s nearly three-week long visit to the United States. The delegation currently visiting the United States will seek to meet with executives from Amazon, Apple, Google, Pfizer and other companies as they hunt for […]
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Crown Prince Mohammed bin Salman Kicks Off Two Week U.S. Visit Today with Meeting at White House
- March 20,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House. The Saudi embassy in Washington, D.C. issued a release providing further details on the trip, noting that in addition to meeting with President Trump […]
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Interview: Bechtel’s Millennial Saudi Country Manager Abdulrahman Al-Ghabban Discusses Company’s Activities and Ambitions in Vision 2030 Era
- March 19,2018
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- Lucien Zeigler
San Francisco-based Bechtel is one of the largest engineering, construction, and project management companies in the world, and it’s been doing business in Saudi Arabia for 75 years. Following the announcement of Saudi Arabia’s Vision 2030 economic and social reform plan, the company hired its first Saudi national as country head of its operations in the Kingdom […]
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Crown Prince Mohammed bin Salman Visits UK on Wednesday with Billions in Deals Eyed
- March 6,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman will arrive to the United Kingdom on Wednesday, his second stop in a multi-national tour with a broad economic and diplomatic agenda. The Crown Prince is due to meet Prime Minister Theresa May and other senior ministers, members of the royal family, as well as security officials and […]
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Reports Confirm Mohammed bin Salman to Visit U.S. in March; Schedule Remains Unclear
- February 28,2018
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- SUSTG Team
Conflicting reports have emerged in the U.S. media in the past 24 hours surrounding an expected visit by Crown Prince Mohammed bin Salman to the United States this month. Last night, an exclusive report by Joyce Karam for The National said the Crown Prince would visit the United States for a longer visit, starting March […]
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Soft Opening for New $7.2 Billion Jeddah Airport Set for May
- February 26,2018
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- SUSTG Team
Jeddah’s King Abdulaziz International Airport is set to unveil its long-awaited new look at a soft opening in May, the Jeddah-based Saudi Gazette reports, citing confirmation by the General Authority of Civil Aviation (GACA) and the emir of Mecca. Once recognized by travelers as one of the worst airports in the world, Saudi Arabia’s second largest city is […]
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New Body in Saudi Labor Ministry Created to Fight Rising Unemployment in Saudi Arabia
- February 21,2018
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- SUSTG Team
Saudi Arabia’s cabinet announced the creation of a new body within the labor ministry to combat an increase in joblessness in Saudi Arabia and a seeming reluctance by Saudis to take available jobs, according to a report. Unemployment in Saudi Arabia has risen slightly since the announcement of Saudi Arabia’s Vision 2030 and National Transformation Program, […]
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Saudi Crown Prince Reassures Foreign Investors after Corruption Crackdown
- February 20,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom’s crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety. The secretive nature of the arrests and concerns over political motivations have worried local and foreign business leaders. More than 300 people, among them royals, politicians and […]
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Major Leap for Saudi Economy as Kingdom Set to Introduce Bankruptcy Laws
- February 19,2018
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- SUSTG Team
Saudi Arabia’s cabinet has approved a bankruptcy law that is likely to be a boost to the Kingdom’s efforts to attract investment and provide protection for entrepreneurs, according to reports. King Salman has reportedly endorsed the new law. As Reuters reports, modern bankruptcy legislation does not currently exist in Saudi Arabia, which creates difficulties for struggling companies seeking to restructure […]
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Development on Jeddah Tower and Surrounding Economic City Moves Forward After Alwaleed’s Release
- February 9,2018
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- SUSTG Team
Construction of what is planned to be the world’s tallest skyscraper in Jeddah is going ahead following the release of Saudi Arabia’s Prince Alwaleed bin Talal, the head of the consortium behind the $1.5 billion project said. Mounib Hammoud, chief executive of Jeddah Economic Co (JEC), said in an interview that the project will ideally be completed […]
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MUST-READS
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DiyaThe business of pardoning death row prisoners in Saudi Arabia
Saudi Arabia has one of the highest execution rates in the world. However, in some cases, inmates facing the death penalty are spared if the victim’s family agrees to pardon their crimes… in exchange for a large sum of money.
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U.S.-Saudi RelationsAP Interview: Trump’s Pro-Business Stance Buoys Saudi Effort
The Saudi prince tasked with attracting foreign investment said Monday that US President Donald Trump’s pro-business administration can be a good thing for the kingdom as it overhauls its economy and prepares to publicly list shares of state-owned oil giant Aramco.
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Hyperloop OneHyperloop One says to target $12bn cargo business in Gulf
He added that Hyperloop One would compete for 100 percent of air freight in the GCC, which is a $7 billion market, 22 percent of the surface freight – which is approximately $3 billion in road and rail freight and 13 percent of the maritime freight, equating to roughly $2 billion.
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Chelsea FCYoung Saudi Businessman Channels His Love for Chelsea into an Investment
Chelsea has become very big in the Kingdom of Saudi Arabia in the recent years, owed mainly to Nagoor’s enthusiasm and vision of setting up a Chelsea Fan Club in the Kingdom and opening two coffee shops in Riyadh where fans can watch all the games and buy merchandise.
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Women in the WorkforceHow To Be A Female Business Leader In The Middle East
Embracing their own authority can be a most difficult step for women from many different backgrounds.
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Ahmad Saeed Al AmoudiProbe into Saudi businessman’s murder continuing
Police in Saudi Arabia have questioned an Arab man who sold honey and a personal driver as the inquiry into the murder of well-known businessman Ahmad Saeed Al Amoudi is continuing.
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Saudi Private SectorSaudi pledges big projects to soften austerity hit to business
The private sector, which grew by just 0.1 percent last year, "is now suffering from increasing operating costs and declining purchasing power among the people," Ahmed bin Suleiman al-Rajhi, the head of the Riyadh Chamber of Commerce and Industry, said in a report on the meeting.
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Saudi EconomySaudi businessmen complain about rising costs due to economic reform
According to a document signed by the heads of the ten largest chambers of commerce and industry in the country on Saturday, the businessmen said industries are losing their competitive advantage due to the high cost of energy and fuel and rising foreign labour costs.
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ME BusinessCommentary: Trump’s reset of Middle East ties will hit business
US bilateral trade with the Muslim world topped $220 billion and was growing fast. Let’s see if it can be sustained in the era of President Trump.
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Saudi-IsraelHow Do Israel’s Tech Firms Do Business in Saudi Arabia?
Someone from the upper echelons of power in Saudi Arabia, Bar says, invited him to discuss a potential project via Skype. The Saudis had heard about his technology and wanted his help identifying potential terrorists. There was one catch: Bar would have to set up a pass-through company overseas to hide IntuView’s Israeli identity.
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