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U.S. Corporation Air Products and Chemicals, NEOM, and ACWA Power Sign Accord for $5b Renewable Energy-Powered Ammonia Plant
- July 8,2020
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- SUSTG Team
U.S. corporation Air Products and Chemicals signed an accord with Saudi-based ACWA Power International and the kingdom’s planned futuristic city of NEOM to develop a $5 billion hydrogen-based ammonia plant powered by renewable energy, according to reports.
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Despite Downturn, Kingdom Presses Ahead with Ambitious Goals for Saudi Capital Riyadh
- July 7,2020
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- SUSTG Team
Saudi Arabia is seeking to “double the size and population” of its capital Riyadh in the next decade, Reuters reports, citing comments from Fahd Al-Rasheed, president of Riyadh’s royal commission. Al-Rasheed said the government has “already committed some $266.6 billion for ongoing and new projects as part of total investments of some $800 billion over the […]
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Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy
- July 6,2020
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- SUSTG Team
Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom’s economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.
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Qiddiya Awards $2.6 billion In Contracts to ‘Speed Up Development’; Diriyah Gate ‘Full Speed Ahead’
- July 3,2020
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- SUSTG Team
Qiddiya, the mega-entertainment complex just outside of Riyadh that is set to transform the leisure landscape in the Saudi capital, announced on Thursday “at least SR10 billion ($2.66 billion) worth of contracts” will be awarded to various companies “to speed up construction,” according to reports.
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KAUST Studies How Saudi Arabia’s Red Sea’s Coral Reefs Help Protect the Kingdom’s Coastline
- July 2,2020
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- SUSTG Team
Modeling done by Saudi Arabia’s King Abdullah University for Science and Technology (KAUST) reveals the important role of offshore reefs in the Red Sea in protecting the Kingdom’s coastal zones and highlights the need to conserve the region’s coral reefs.
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Easing of Lockdown in Saudi Arabia Beginning to Show in Economic Data, Jadwa Report says
- July 1,2020
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- SUSTG Team
The partial easing of lockdown restrictions in May was reflected in some economic indicators during the month, Jadwa Investment reports in its latest economic chartbook for that month.
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Life in Saudi Arabia: After Weeks of Lockdown, Savvy Saudi Shoppers Hunt for Bargains Ahead of VAT Deadline
- June 30,2020
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- SUSTG Team
After weeks in lockdown with access to stores and malls restricted, Saudi shoppers found themselves under a time crunch to hunt for deals ahead of a planned increase in the Kingdom’s Value Added Tax (VAT) on July 1.
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Report: Kingdom Owns a Majority Stake in Tesla Rival Lucid Motors
- June 26,2020
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- SUSTG Team
Saudi Arabia has amassed a more than 50% stake in California EV startup and Tesla rival Lucid Motors, according to a report in The Verge.
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AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport
- June 25,2020
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- SUSTG Team
AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design “inspired by the optical illusion of a desert mirage.”
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Saudi Arabia Announces ‘Limited’ 2020 Hajj to Prevent Coronavirus Spread
- June 23,2020
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- SUSTG Team
Saudi Arabia’s leaders said Monday the Kingdom will still allow for a “limited” Hajj which is open only to a small number of pilgrims who are already based in Saudi Arabia as they seek to stop the spread of the novel Coronavirus, according to reports.
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Oman frees activists arrested during unemployment protests
Hundreds of job-seeking Omani men demonstrated in several cities and towns, including the northern port city of Sohar and the southern tourist region of Salalah, two flashpoints of an unrest that pose the biggest challenge yet to the new ruler Sultan Haitham.
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Philippines halts deployment of workers to Saudi Arabia
It was not immediately clear how many Filipinos bound for Saudi Arabia would be directly affected. Saudi Arabia was the most preferred destination of overseas Filipino workers in 2019, government data showed, hosting one out of five Filipinos who landed jobs abroad during that year.
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Saudi foreign minister ‘hopeful’ over exploratory Iran talks
Saudi Arabia is "hopeful" after exploratory talks with its nemesis Iran, its foreign minister told AFP, in a rare comment on delicate discussions whose details have been closely guarded. The official-level meetings aim to restore relations severed five years ago between the Sunni Muslim kingdom of Saudi Arabia and the Shiite Islamic Republic of Iran.
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Mideast diplomacy? In much of the region, it’s a season of rebirth.
For now, says Mr. Abdulla, the Emirati analyst, “everyone is in the mood to de-escalate, and we have seen it backed up by actions on the ground, too.” “But are regional powers just buying time to compose themselves and compete again, or is this a long-term strategic shift? We are only in the first five minutes of this process; we will have to wait and see.”
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Perspective: Saudi diplomacy in all directions in change of strategy
After acknowledging the existence of secret meetings with Iran in Baghdad, a rare occurrence in the annals of Saudi diplomacy, Riyadh has publicly dispatched a delegation headed by Prince Khalid bin Salman, the Saudi deputy minister of defence, to Baghdad to work on arrangements for a the next round of talks with Iran in Iraq.
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Saudi walks diplomatic high wire on Iran, Yemen
After years of proxy warfare, Saudi Arabia's secret talks with arch-rival Iran signal a high-wire diplomatic act as it scrambles to rein in Tehran-backed Yemeni rebels, although prospects of a breakthrough look remote.
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The Saudi Arabian Pavilion at the 2021 Venice Biennale Explores Spatial and Social Encounters in the Saudi Residences
Titled "Accommodations", the Saudi Arabian Pavilion at the 17th International Architecture Exhibition – La Biennale di Venezia, will analyze the spatial and social encounters of hosting and housing in Saudi Arabia, where histories, protocols, and gestures are intertwined. Curated by Hussam Dakkak, Basmah Kaki, and Hessa AlBader, alongside Brooklyn-based curators Uzma Z. Rizvi and Murtaza Vali, the exhibition will be on display from May 22nd to November 21st, 2021.
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Fierce Foes, Iran and Saudi Arabia Secretly Explore Defusing Tensions
“With negotiations and a constructive outlook, the two important countries in the region and the Islamic world can put their differences behind them and enter a new phase of cooperation and tolerance to bring stability and peace to the region,” Iran’s Foreign Ministry spokesman, Saeed Khatibzadeh, said at a press briefing on Thursday in response to Prince Mohammed’s remarks.
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51,000 women among 74,000 Saudis joined employment market in 2020
The total number of Saudis who entered 19 sectors in the labor market during the last year reached 93,117. However, 19,350 of these employees left the employment market, bringing the total number of Saudi men and women who remained in the market to 73,767.
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Oman Explores Cement Stake Sale in Privatization Drive: Sources
Oman is considering the sale of its stake in Oman Cement Co. SAOG, according to people with knowledge of the matter, as Gulf nations increasingly lean on state assets to bolster their finances. The sultanate is speaking to advisers about selling its nearly 54% holding in the company, according to the people, who asked not to be identified because the information is private. The stake could be worth just over $100 million based on its current market price.
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