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Saudi Arabia’s Sees Strong Labor Force Numbers for Nationals; PMI Holds at 56.9
- January 4,2023
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- SUSTG Team
Saudi Arabia’s job numbers witnessed their strongest growth rate since January 2018, and the unemployment rate for Saudi male citizens has fallen to its lowest level in more than 20 years, according to official data.
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Hyundai Motor Joins EV Car Race in Saudi Arabia with Planned Factory; Signs MOU with Saudi Ministry of Industry and Mineral Resources
- January 3,2023
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- SUSTG Team
South Korea’s Hyundai Motors has joined the race to build EV cars in Saudi Arabia, signing a memorandum of understanding with Saudi Arabia’s Ministry of Industry and Mineral Resources to build a factory for the complete assembly of electric cars in the Kingdom, the Saudi Press Agency (SPA) reported.
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Soccer Superstar Captain Cristiano Ronaldo Joins Saudi Club Al-Nassr
- January 2,2023
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- SUSTG Team
Portugal captain Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a 2-1/2 year contract, the club announced on Friday, after leaving Manchester United disgruntled with ownership and manager Erik ten Hag to become a free agent ahead of the World Cup.
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Saudi Arabia’s ACWA Power to build 1.5 GW wind plant in Uzbekistan
- December 30,2022
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- SUSTG Team
Saudi Arabia’s ACWA Power is set to build a sizable 1.5 GW wind energy plant in Uzbekistan, signing power purchase agreements and investment agreements to build the Kungrad wind farm in Karakalpakstan—previously known as the Karakalpakstan Wind IPP.
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Green Riyadh Project Launches as Authorities Eye Ambitious ‘Giga’ Tree-Planting Initiatives
- December 29,2022
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- SUSTG Team
Authorities in Saudi Arabia’s capital Riyadh launched the Green Riyadh project, one of four giga-projects for the city and region: an ambitious tree-planting strategy to “greenify” many parts of the Kingdom’s largest city, according to a report from the Saudi Gazette.
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Saudi Arabia, Japan Eye Increased Trade and Cooperation at Riyadh Investment Forum
- December 28,2022
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- SUSTG Team
Saudi Arabia and Japan signed several new agreements and understandings at a Saudi-Japan investment forum to boost trade and relations between the two nations, according to reports.
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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
- December 23,2022
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- SUSTG Team
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Saudi Arabia’s Mineral Wealth Exceeds $1.3 Trillion, Ministry Says
- December 22,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the Kingdom’s mineral wealth is now valued in excess of $1.3 trillion, including deposits of copper, zinc, phosphates, uranium and gold, the Saudi Press Agency has reported.
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Saudi Arabia’s PIF Buys 30 Percent Stake in Cooling Company Saudi Tabreed
- December 21,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
- December 20,2022
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- SUSTG Team
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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MUST-READS
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Saudi Arabian non-oil exports increase by 13%
Non-oil exports from Saudi Arabia increased by almost 13 percent to SAR25.38 billion ($6.76 billion) in October compared to the same month last year, according to the latest government trade report. Chemical products made up 26.8 percent of non-oil exports over the month, followed by plastics and rubber products at 23.7 percent, the General Authority for Statistics revealed. Although non-oil trade was up, including re-exports, total merchandise exports were down by almost 11 percent, largely as a result of a drop in the share of oil in overall exports to 72.6 percent from 78.3 percent in October 2023.
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Eminem Provided ‘Epic’ Opening to Saudi Arabia’s Massive Mdlbeast Soundstorm Music Festival That is Creating Inroads For Saudi Artists, Says Event Chief
This year’s Dec. 12-14 edition of Soundstorm – which started out in 2019 as an electronic dance music festival – featured over 200 international artists spanning rap, rock, pop, and house music. It marked Soundstorm’s strongest lineup thanks to chart-topping artists such as Eminem, Linkin Park, and rock bands including Thirty Seconds to Mars and U.K. trio Muse, as well as hip-hop stars like Russ, G-Eazy, J.I.D., and Busta Rhymes, to name a few. Along with a host of top Arabic acts such as Lebanese artist Elissa, Syrian singer Nassif Zeytoun, and Saudi DJ and producer Cosmicat. Variety spoke to Mdlbeast CEO Ramadan Alharatani about how he attracted bigger acts from the U.S. such as Eminem who, making his first appearance in Saudi Arabia, performed his hit “Love The Way You Lie” for a crowd of more than 100,000 fans.
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Saudi Arabia drives MENA e-commerce growth during festive season: Report
A joint study by Flowwow and Admitad found that during the 2024 holiday season, Saudi Arabia was a major factor in the 44% increase in e-commerce orders throughout the Middle East and North Africa (MENA) region. Gifting, cultural celebrations, and mobile shopping trends all contributed to the spike. Around 62% of online purchases in Saudi Arabia were made on mobile devices, making it the country with the highest adoption rate of mobile commerce. The MENA e-commerce market is predicted to grow significantly and reach USD 50 billion by 2025, according to the report. Activity in this market significantly increased over the holiday season.
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Annual rainfall up 53% in Saudi Arabia
The annual rainfall in Saudi Arabia recorded an increase of 53.4% in 2023 compared to the previous year, according to figures from the kingdom’s General Authority for Statistics. The state agency also revealed that the amount of flood water that flowed into the kingdom’s dams last year amounted to 1,564 million cubic metres, recording an increase of 164.1% compared to the previous year.
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Saudi National Team Qualifies for Semi-finals of 26th Arabian Gulf Cup with 3–1 Victory Over Iraq
The Saudi national football team has secured its qualification for the semi-finals of the 26th Arabian Gulf Cup after defeating Iraq 3–1 in its final group-stage match today. Saudi goals came from Forward Salem Al-Dawsari, who converted a penalty in the 57th minute, and Striker Abdullah Al-Hamdan, who scored in the 81st and 86th minutes. Iraq’s sole goal was scored by Forward Mohanad Ali in the 64th minute. With this victory, the Saudi team increased its points tally to six and secured its place in the semi-finals alongside group leader Bahrain.
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Saudi Arabia to provide $500m in new economic support for Yemen
Saudi Arabia announced on Friday a new economic support package for Yemen worth $500 million and aimed at bolstering the government’s budget, stabilizing the Central Bank of Yemen, and fostering the development and stability of the Yemeni people. The latest assistance includes a $300 million deposit into the Central Bank of Yemen to improve economic and financial conditions, alongside $200 million to address the Yemeni budget deficit, the Saudi Press Agency reported.
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Saudi Arabia condemns Israel’s burning of Gaza hospital
Saudi Arabia on Friday denounced the burning of a Gaza hospital by Israeli forces and the forced removal of patients and medical staff from the facility. Hospital officials said that Israeli troops raided Kamal Adwan Hospital on Friday, gathered staff outside the facility, removed their clothes, and took them to an unknown location. Israeli soldiers then set fire to several parts of the facility, which is one of the last operating in the northernmost part of the Gaza Strip, including the surgery department, according to the Palestinian health ministry in the enclave.
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Saudi Arabia’s Year in Sport: Highlights from a blockbuster 2024 in the Kingdom
From football to Formula 1 and boxing to MMA, 2024 has been a huge year of sport in Saudi Arabia, as the Kingdom continues to cement its position as one of the globe’s leading destinations for elite-level competition. Last Saturday’s heavyweight boxing clash between Tyson Fury and Oleksandar Usyk was the final major sporting event of a memorable year, which has seen numerous records tumble and titles change hands. With the curtain coming down on 2024, Al Arabiya English reflects on another busy 12 months of sport in the Kingdom.
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Saudi Arabia publishes camel vocabulary guide
The King Salman Academy of Arabic (KSGAAL) has unveiled a comprehensive linguistic resource that includes terms and expressions related to camels, their breeds, colors, life stages, and diseases. In addition to the scientific section, the dictionary features a chapter on idioms, proverbs, stories, fairy tales, and poems dedicated to these iconic animals, Azernews reports. KSGAAL Secretary General Abdullah Al-Vashmi emphasized that the guide is a vital tool for preserving and understanding the central role of camels in Arab culture. Historically, these animals were the primary means of transportation, traversing mountains, valleys, and deserts like ships crossing the sea.
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Saudi Arabia looks to influencers to boost tourism sector
The Saudi Tourism Authority (STA) has signed a memorandum of understanding (MoU) with a national marketing services company to strengthen its efforts to reach target audiences in international markets and solidify the Kingdom’s standing on the global tourism map. The initiative seeks to enhance STA’s database and identify a select group of content creators to engage with during global promotional campaigns in 2025. This step is part of STA’s endeavour to raise awareness of the Kingdom’s unique tourist destinations and highlight cultural, heritage, and natural experiences.
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