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Work to Begin on 400-megawatt Dumat Al Jandal Wind Power Facility in Saudi Arabia
- July 22,2019
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- SUSTG Team
Saudi Arabia will begin producing wind energy at the Dumat Al Jandal site within three years to offset domestic oil consumption and diversify its energy supply, according to reports. Work will begin soon on Dumat Al Jandal, the Kingdom’s first major wind power facility, located in the Al-Jouf province in the north of Saudi Arabia, near the […]
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PIF Acquires Stake in Jasara Program Management Co., Agrees to $10b Loan Terms
- July 16,2019
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Jasara Program Management Co., a joint venture between Saudi Aramco and Jacobs Engineering Group, three people familiar with the matter told Bloomberg. The PIF acquired 30% of Jasara Program Management Co. from Saudi Aramco and 10% of the joint venture from Jacobs, one of the people told Bloomberg, […]
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‘Expanded Reach’ for SIDF to Mining, Logistics and Energy Projects – Report
- July 10,2019
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- SUSTG Team
Saudi Arabia is reportedly expanding the reach of its $28b Saudi Industrial Development Fund (SIDF) to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries. The changes greatly extend the purview of the Saudi Industrial Development Fund, which previously only provided financing to local manufacturing […]
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Princess Reema bint Bandar al-Saud Presents Credentials to President Trump at White House
- July 9,2019
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- SUSTG Team
Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud presented her credentials to President Trump at the White House on Monday, officially beginning her tenure as the Kingdom’s new top diplomat in Washington. “Presented credentials today at the White House. Conveyed the well wishes of Kingdom’s Leadership. Looking forward to working on strengthening and […]
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Saudi Desalination Plant Struck by Missile from Yemen, U.S. Drone Shot Down – Reports
- June 20,2019
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- SUSTG Team
A Saudi desalination plant was struck by a missile that appeared to come from within Yemen, according to reports. Hours after the statements from U.S. officials, Saudi Arabia confirmed the missile strike, saying it caused no damage or casualties, the Wall Street Journal reports. Shortly after the strike was made apparent, senior U.S. officials met at […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 1: Madain Salih
- June 14,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. The blog noted that this list was, in fact, the seven runners up to […]
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UK Petrochemical Company INEOS will Invest $2bn to Build Three Plants in Saudi Arabia
- June 3,2019
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- SUSTG Team
INEOS, one of the world’s largest chemical producers and oil and gas companies, is a privately owned company based in London. “On top of a combined $4bn investment recently announced in the UK and Europe, this is part of a wider Group strategy of globalisation that will stimulate growth and jobs worldwide,” the company said on Twitter. […]
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Vision 2030 economic reforms ‘have started to yield positive results’ in Saudi Arabia, IMF says
- May 16,2019
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- SUSTG Team
The International Monetary Fund (IMF) said that Saudi Arabia’s Vision 2030 economic and social reform plan was starting to pay off for the Kingdom, according to a report issued by the fund after a mission visit. “Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have […]
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Bloomberg Economics: Rising Private Sector Spending, Fiscal Stimulus Boost Non-Oil Economy
- May 10,2019
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- SUSTG Team
Rising private sector consumption and government fiscal stimulus measures are expected to give a boost to the non-oil Saudi economy, Bloomberg Economics reports. “BE expects non-oil growth to average 2.6% this year, up from 2.1% in 2018, helped by fiscal stimulus, a lower drag from monetary policy and improved private consumption,” the outlet revealed in […]
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Saudi Arabia Replaces Head of Civil Aviation by Royal Decree Amid Airport Delays
- May 8,2019
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- SUSTG Team
Saudi Arabia replaced the head of its civil aviation authority on Wednesday, Reuters reports, appointing Abdelhadi Al-Mansouri president of the General Authority for Civil Aviation (GACA). Al-Mansouri’s appointment fills a position that has been vacant officially since January, when his predecessor, Abdelhadi Al-Mansouri, was dismissed. He was appointed in June 2017. No details were given on the […]
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MUST-READS
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U.S. Foreign PolicyIn Jerusalem passport case, Supreme Court bolsters Obama’s foreign policy power
The Supreme Court on Monday bolstered the constitutional role of the president, and not Congress, in setting the nation’s foreign policy, declaring the executive office has the “exclusive power” to recognize foreign governments and negotiate sensitive disputes.
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TurkeyTurkey elections: A Rebuke to Erdogan’s Attempts to Consolidate Power
The AKP had been hoping to take 330 seats in 550-seat parliament. This would have allowed Erdogan, who was elected president last year after three terms as prime minister, to push through constitutional changes that would convert Turkey to a U.S.-style presidential system, a move his opponents saw a thinly veiled Putin-style power grab.
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TurkeyTurkey’s Kurds find themselves on threshold of unprecedented power
Turkey will hold elections Sunday for the 550 seats in its Grand National Assembly, the country’s parliament. The vote will determine whether the governing Justice and Development Party – known as the AKP – will win enough of a mandate to be able to push through a new constitution and give President Recep Tayyip Erdogan unprecedented executive powers.
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Saudi Energy PolicyAt OPEC the Saudi Oil Minister Mainly Wants to Discuss Solar Power
Everybody wants to know what the oil minister for Saudi Arabia thinks. These days, it's all about solar power.
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Renewable EnergyCould Middle East Switch From Oil To Renewable Superpower?
Even as Saudi Arabian officials continue to tout its shift to renewable energy, it may be oil-poor countries in the region like Jordan and Egypt that can benefit sooner from falling prices in solar power.
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Iran Negotiations: Framework AgreementExclusive: Six powers agree way to restore U.N. sanctions in push for Iran deal – sources
Six world powers have agreed on a way to restore U.N. sanctions on Iran if the country breaks the terms of a future nuclear deal, clearing a major obstacle to an accord ahead of a June 30 deadline, Western officials told Reuters.
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QatarStung by FIFA furore, Qatar’s soft power at risk
"It will blow over" tends to be Qatar's unofficial response to criticism of its World Cup bid, but with a FIFA corruption scandal exploding onto the world's front pages, the Gulf state has glumly realised it may have a real fight on its hands.
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NSASun sets on some NSA surveillance powers as Rand Paul foils extension
The legal authority for several national security programs expired at midnight Sunday and will not be renewed for at least two days, after Senate Republicans leaders were unable to maneuver around Sen. Rand Paul (R-Ky.), a presidential candidate who followed through on a pledge to block an extension of the law.
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Acwa PowerSaudi-based Acwa Power signs agreement with OPWP for phase 2 of Salalah Independent Power Plant
According to reports, Saudi-based Acwa Power, a leading water and power developer, owner and operator across 10 countries, has signed an agreement with Oman Power and Water Procurement Company (OPWP) for the development of the second phase of Salalah Independent Power Plant, which will have an installed capacity of 445 Megawatts
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Solar PowerSaudi Arabia is hedging its bets with solar power
So what to make of the statement by Saudi Arabia’s oil minister that the world’s biggest oil exporter could stop using fossil fuels as soon as 2040 and become a “global power” in solar and wind energy?
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