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  • Saudi Arabia Smart Grid Network Market Research 2024-2029: Generation, Transmission, Distribution, Consumption Trends, Opportunities, and Forecasts 2023-2029

    The Saudi Arabia Smart Grid Network Market was valued at USD 765.59 Million in 2023, and is expected to reach USD 1.77 billion by 2029, rising at a CAGR of 14.92%. The trend towards grid digitalization and automation is reshaping the Saudi Arabia Smart Grid Network Market. Digitalization involves the adoption of advanced technologies such as smart meters, sensors, and communication systems that enhance the functionality and efficiency of the power grid. Automation further enhances grid performance by enabling real-time data collection, analysis, and response to grid conditions.

  • Saudi Arabia Announces Transformative 3.6 GW Power Projects in Partnership with SEC, ACWA Power, and KEPCO

    Saudi Electricity Company (SEC), ACWA Power, and Korea Electric Power Corporation (KEPCO) have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for two major power generation projects: Rumah 1 and Nairyah 1. With a combined capacity of 3.6 GW, these Independent Power Plant (IPP) projects represent a significant step in advancing Saudi Arabia’s sustainable energy goals. The projects, with an estimated investment of SAR 15 billion (USD 4 billion), will deploy advanced Combined Cycle Gas Turbine (CCGT) technology to transition from oil-based power generation to cleaner, more efficient methods. This shift is expected to reduce carbon emissions, enhance environmental sustainability, and drive economic growth by creating job opportunities and boosting local content.

  • Saudi Arabia, Poland Agree to Bolster Digital Partnership

    Deputy Prime Minister and Minister of Digital Affairs of Poland Krzysztof Gawkowski expressed his endorsement for initiating collaborative digital initiatives with Saudi Arabia, which would benefit both nations. Gawkowski's remarks came during his meeting Tuesday in Warsaw with Federation of Saudi Chambers Chairman Hassan Al-Huwaizi and a delegation of Saudi businessmen. The visit was centered on exploring trade and investment partnership prospects.

  • Neom CEO departs as Saudi Arabia scales back mega-projects

    Reuters reported in May that the $925bn PIF was weighing a reorganisation, aiming to sharpen its focus on investments that have a higher chance of success. Saudi Arabia, the world’s top oil exporter, is still heavily reliant on hydrocarbon revenues, and low oil prices and production have dented state coffers. Aiman al-Mudaifer was named as acting CEO of Neom. He has been the head of the Local Real Estate Division at PIF since 2018 and has a deep understanding of Neom and its projects, Neom’s statement said.

  • Saudi Arabia Launches Mobile ‘Craftsman Bus’ Showcasing Traditional Arts

    Saudi Arabia’s Royal Institute of Traditional Arts is currently offering amazing cultural and creative experiences through ‘Craftsman Bus,’ the Saudi Press Agency (SPA) reported. The institute has recently launched a platform on wheels to celebrate and revive Saudi traditional arts through an important tour across the Kingdom. Set to run until November 23, the event features live performances, professional workshops and community art displays. Crucially, the bus stops every week at King Faisal Park (Education Park) in Hafr Al-Batin governorate and the historic market in Dumat Al-Jandal governorate. Moreover, it will conclude its journey at the heritage village in Jizan.

  • Saudi Arabia: A Strategic Partner for Global Manufacturing

    Saudi Arabia offers a strategic advantage to manufacturers that are looking for reliable, near-shore locations. The Kingdom is ideally positioned at the crossroads of three continents—within easy reach of Europe and on the doorstep of growth markets in the Middle East, India, Central Asia, and Africa. The region is already well-connected with air and sea links, and with a $147 billion government investment from Saudi Arabia into transportation and logistics infrastructure, the Kingdom is building seamless connections to global markets.

  • Strengthening Civil Aviation Partnership Between the United States and Saudi Arabia

    U.S. Deputy Assistant Secretary of State for Transportation Affairs Heidi Gómez and Saudi Executive Vice President of Air Transport and International Cooperation Ali bin Mohammed Rajab signed on October 22 a record of discussions finalizing negotiations on a Protocol of Amendment to further expand the U.S.-Saudi Arabia Air Transport Agreement of 2013.  The signing took place during the International Civil Aviation Organization (ICAO) Air Services Negotiation Event (ICAN2024) in Kuala Lumpur, Malaysia.  Once signed and entered into force, the Amendment will add seventh-freedom traffic rights for all-cargo operations to the bilateral Air Transport Agreement.

  • Saudi Arabia condemns latest violence in Sudan, urges conflict parties to respect laws

    War has raged in Sudan since April 2023 between the army under the country’s de facto ruler Abdel Fattah al-Burhan and the RSF, led by his former deputy Mohamed Hamdan Dagalo. At least 124 people have been killed and dozens wounded in the fighting in al-Jazira state over the past 10 days, according to the United Nations. Saudi Arabia also called on the warring parties to respect the Treaty of Jeddah and urged them to agree on a ceasefire and facilitate the delivery of human aid to those affected in the war-torn country.

  • Saudi Arabia’s start-up airline places £6bn plane order in challenge to Gulf rivals

    This is in addition to an earlier agreement for 39 Boeing wide-bodies announced last year, which includes the option for another 33. Chief executive Tony Douglas said the Airbus jets will help “support economic growth” by establishing the comprehensive route network needed to transform the city of Riyadh into a global aviation hub.

  • PIF partners with Google Cloud to create AI hub in Saudi Arabia

    The partnership will provide AI training for millions of Saudi students and professionals, supporting the national objective of expanding the information and communication technology sector by 50 percent. Through Google Cloud’s technology, industries will have enhanced access to AI applications, enabling growth and capacity building. The agreement, subject to regulatory approvals, also includes joint research on Arabic language models and Saudi-specific AI applications.