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Saudi Arabia Names New Health, Hajj Ministers by Royal Decree
- October 18,2021
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency. Al-Rabiah will move over to the Ministry of Hajj and Umrah as Minister, the decree said.
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The 966 – Episode 6: A Multi-Billion Dollar EV Investment in Saudi Arabia, Power Demand in the Kingdom, and Economic Free Zones?
- October 15,2021
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- SUSTG Team
In episode 6 this week, the hosts discuss an Australian company that is making a big bet on electric vehicles in Saudi Arabia with a massive mining investment, the use of power in Saudi Arabia flattens out, and the Kingdom explores the possibility of economic free zones to attract foreign investment in Saudi.
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Saudi FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
- October 15,2021
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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U.S. State Department Condemns ‘Outrageous’ Attack by Houthi Forces on King Abdullah Airport in Jazan
- October 11,2021
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- SUSTG Team
The U.S. State Department joined a chorus of other nations in condemning Friday’s attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10. The attack injured both passengers and airport staff when an explosives-laden drone hit King Abdullah Airport on Friday. According to Arab News, the injured included six […]
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Introducing The 966 – A New Show from the SUSTG Team Discussing All Things Saudi Arabia
- October 8,2021
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- SUSTG Team
The SUSTG Team launched a new podcast and show, The 966, and will be publishing weekly updates and exclusive interviews and conversations with Saudi business leaders, officials, newsmakers and others. Episodes are available on the show’s website, 966.transistor.fm, and on Apple Podcasts, Spotify, YouTube, and several other platforms.
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
- October 7,2021
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- SUSTG Team
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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Biden Administration Welcomes Saudi Engagement with Iran, Talks Still in ‘Exploratory Phase’
- October 5,2021
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- SUSTG Team
The U.S. said it welcomes the news of direct communication between Saudi Arabia and Iran, Jennifer Gavito, deputy assistant secretary for Iran and Iraq at the State Department’s Bureau of Near Eastern Affairs, told CNBC’s Dan Murphy in Dubai.
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MUST-READS
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Spike Lee to Head Jury of Saudi Arabia’s Red Sea Film Festival
Spike Lee will preside over the jury of the fourth edition of Saudi Arabia‘s Red Sea Film Festival. “Looking towards our fourth edition, we’re honored to welcome the legendary Spike Lee as our president of jury for the festival this year,” said Jomana Al Rashid, chairwoman of the Red Sea Film Foundation, in an announcement on Thursday. “Spike is a pioneering director whose iconic work has made a lasting impact on both film as a medium and culture at large,” she continued. “His energy, incisiveness and genuine championing of creativity and new voices makes him an ideal fit to lead our jury for this year — we look forward to him engaging with the burgeoning talent in our competition lineup.”
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Indonesia shock Saudi Arabia in World Cup qualifier
Indonesia have shocked Saudi Arabia with a 2-0 win in Jakarta in Group C of the Asian qualifiers for the FIFA 2026 World Cup. A goal in each half from Marselino Ferdinan, who plays for Oxford United in England’s second tier, nailed down a victory on Tuesday for the Southeast Asian nation, which last appeared at the World Cup in 1938 as the Dutch East Indies. "Indonesia deserved to win this game,” Saudi coach Herve Renard said. “We have four games left, and it will be tough, but it will be tough for everybody.”
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Opinion: Balancing on the Brink – Saudi Arabia’s Delicate Policy
Although Saudi Arabia has spent years attempting to decrease its reliance on the strait—including through the construction of a 746-mile east-west crude oil pipeline, with a capacity of 5 million barrels per day, to bypass it—Saudi Arabia transports more crude oil and gas condensate through the Strait of Hormuz than any other country, according to tanker tracking data released by Vortexa. About 500,000 barrels per day were transited from Saudi ports in the Persian Gulf to Saudi ports in the Red Sea in 2022.
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Saudi Arabia, China, Iran meet to advance Beijing Agreement
The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement was held in Riyadh on Tuesday, the Saudi Press Agency reported. Saudi Deputy Foreign Minister Waleed bin Abdulkarim Elkhereiji chaired the meeting, with Vice Foreign Minister of China Deng Li and Iran’s Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi present. The Saudi and Iranian representatives reaffirmed their commitment to fully implementing the Beijing Agreement and strengthening neighborly relations through adherence to the UN Charter, the Charter of the Organization of Islamic Cooperation, and international law, emphasizing respect for sovereignty, independence, and security.
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NDMC closes the November 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of November 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 3.415Bn (three billion and four hundred and fifteen million Saudi Riyals)
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Saudi Arabia voices concern over extremist Israeli statements about West Bank sovereignty and settlements
The Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Salman in Riyadh on Tuesday, reiterated its concern over the extremist Israeli statements about imposing sovereignty over the West Bank, and the construction and expansion of settlements. "These Israeli actions undermine peace efforts, threaten the region's security and stability, and represent a blatant violation of international laws and relevant UN resolutions," the Cabinet said. In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said that the Cabinet strongly condemned the continued targeting of Palestinian civilians and relief and humanitarian agencies by the Israeli occupation forces, and called on the international community to fulfill its responsibilities vis-à-vis the continuous aggression faced by the Palestinian people.
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Saudi Arabia unveils designs for 2034 Fifa World Cup stadium: Video
King Salman Stadium is to host 92,000 fans and will feature an indoor sports hall and an Olympic-sized pool.
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Pure Data Centres and Dune Vaults team up for hyperscale data centers in Saudi Arabia
Faisal AlRahbiny, founder and MD of Dune Vaults, said: “We are dedicated to establishing over 1GW of sustainable data center capacity in Saudi Arabia, aligning with market demand estimates and supporting the Kingdom’s Vision 2030 digital transformation goals. Through our strategic partnership with Pure DC, we are bringing advanced data center solutions to meet the needs of global hyperscalers whose presence in the Kingdom will accelerate digitization and economic growth." Pure DC currently has more than 500MW of IT capacity live or under development across the UK, Europe, the Middle East, and Asia. The company purchased land in Madrid, Spain, earlier this year for its first foray into the Spanish market.
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Perspective: Middle East looks to Saudi Arabia to rein in Donald Trump
After Trump named a number of ardently pro-Israeli nominees and Iran hawks for key positions, Arab officials worry his incoming administration might approve any moves by Israel to annex the occupied West Bank, occupy Gaza or escalate tensions with Tehran. But they hope Riyadh can temper the incoming administration’s policies in the region by leveraging Crown Prince Mohammed bin Salman’s relationship with Trump, the president-elect’s appetite for financial deals and his expected desire to strike a “grand bargain” that would lead Saudi Arabia and Israel to normalise relations. “The key player in the region is Saudi Arabia because of their known relations with him, so it will be the linchpin of any regional actions the US might decide to do,” said an Arab diplomat.
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Saudi Arabia Gives First Look at Planned 2034 World Cup Soccer Stadium
Saudi Arabia unveiled plans on Tuesday for the King Salman International Stadium, a 92,000-seat venue designed to host the opening and final matches of the 2034 FIFA World Cup. Located in northern Riyadh, the stadium will be the largest in the country and is scheduled for completion in 2029. The design, inspired by Saudi Arabia's natural landscape, is intended to symbolize growth and development. Each venue is envisioned as a "seed" germinating within the region's environment. Global architecture firm Populous is leading the project. "The design philosophy reflects a commitment to cutting-edge infrastructure while paying tribute to the intrinsic connection between sustainable development, human activity, and the natural world," said Shireen Hamdan, general manager of Populous KSA.
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