SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia to host first high-level meeting of the Global Coalition for Two-State Solution on October 30

    In his speech, Deputy Minister Al-Khereiji emphasized the importance of enhancing the efforts of the Union for the Mediterranean to promote regional security, particularly at a time when the region urgently needs decisive action to halt ongoing escalations, violence, and destruction. He stated, "The Israeli aggression in Gaza and Lebanon has brought the region to a critical crossroads, placing the international community before two existential choices: either to act effectively to support international law and promote a two-state solution, or risk further escalation and deepening suffering, undermining the credibility of international efforts to maintain peace and security in the region."

  • Saudi Arabia’s PIF pivots to domestic focus, eyes AI revolution, says Al-Rumayyan

    “AI could add nearly $20 trillion to the global economy by 2030,” Al-Rumayyan stated, highlighting Saudi Arabia’s ambition to become a global AI hub. The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capital giant Andreessen Horowitz. Since its launch, the FII has facilitated deals worth over $125 billion, demonstrating Saudi Arabia’s growing influence in global investment circles. Al-Rumayyan highlighted that while financial returns remain important, investment decisions must balance economic, social, and environmental outcomes.

  • Saudi Arabia’s FDIs top set agenda, says Al-Falih

    The growth of the Saudi gross domestic product since the launch of Vision 2030 reached 70%. During the same period, the local economy ranked the second fastest growing among the G20 nations, despite the oil market shocks and geopolitical turmoil, said the minister in a speech on the first day of the Future Investment Initiative Summit held in Riyadh.

  • Saudi Arabia says 540 companies have chosen Kingdom for regional headquarters

    Saudi Arabia’s investment minister said on Tuesday the number of companies in the Kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500. “Our target was 500 regional headquarters by 2030. I’m glad to announce we have reached 540 by this morning,” Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.

  • Saudi Arabia to maintain crude oil output at 12.3M bpd: Energy Minister

    Energy Minister Prince Abdulaziz bin Salman said today, Oct. 29, that Saudi Arabia is committed to maintaining crude oil production capacity at 12.3 million barrels per day (bpd). Speaking at the Future Investment Initiative (FII) in Riyadh, the minister added that the Kingdom continues to strengthen and modernize renewable energy transmission lines. He pointed out that Saudi Arabia is ready to export green hydrogen, while ensuring its availability for investors coming to the Kingdom to invest in hard-to-abate sectors.

  • Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital

    This funding will enable Nabt to accelerate product development and expand its market reach, supporting efforts to transform Saudi Arabia’s fresh produce ecosystem. Founded in 2022, Nabt operates a B2B marketplace connecting farmers directly with businesses, promoting transparency, efficiency, and sustainability. These initiatives contribute to food security in the Kingdom and align with the objectives of achieving self-sufficiency in food production.

  • How would a President Harris deal with Saudi Arabia?

    As president, Harris would have to accept that close ties with Riyadh are necessary. There is already a draft bilateral agreement with Saudi Arabia that includes security guarantees and cooperation on civilian nuclear power. While the vice president is campaigning, improbably, as the candidate of change, she should pick up the threads of Biden’s existing policy on Saudi Arabia.

  • NASCAR linked with possible race in Saudi Arabia toward end of decade

    NASCAR was listed with a caveat that it was one of the parties having discussions as opposed to having a firm deal. NASCAR COO Steve O’Donnell and Exec VP and Chief Venue & Racing Innovations Officer Ben Kennedy both told SBJ in separate interviews in ’23 that the Middle East was one of the regions they were exploring for potential events, alongside Europe, South America and Asia.

  • Saudi Arabia Turns to Debt Markets for Vision 2030 Financing

    According to Saudi Arabia’s National Debt Management Center, the kingdom’s total debt stood at some $308.7 billion at the end of September. Of this total, $183.7 billion was domestic debt, and the remaining $125 billion was foreign debt. Compared to U.S. debt, this is nothing. But compared to 2019 debt levels, it is a palpable increase: in 2019, Saudi debt stood at $180.8 billion.

  • Saudi Arabia’s Renewable Energy Initiatives and Their Geopolitical Implications

    One approach Saudi Arabia has adopted is investing heavily in renewable energy, particularly through partnerships with China. This has had the effect of accelerating the country’s progress in renewable energy, with far-reaching implications for global geopolitics and energy markets. Specifically, Saudi Arabia is increasingly becoming aligned with China while China is gaining greater access to Middle Eastern markets and greater regional influence.