SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation

    Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha recently held a meeting in Jeddah with Taro Kono, Japanese minister for Digital Transformation, along with his accompanying delegation. During the meeting, Al-Swaha and Minister Kono discussed the potential for expanding investment opportunities in the digital field between their respective countries. The aim of this collaboration is to support the growth of the digital economy and foster innovation.

  • World Economic Forum Convenes Special Meeting in Riyadh on Global Collaboration, Growth and Energy for Development

    With geopolitical upheavals and complex economic challenges destabilizing a fractured world, the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development will convene 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.

  • Saudi Launches USD83.2 Million Financial Initiative To Bolster Research Laboratories

    The Research Development and Innovation Authority (RDIA) has introduced its inaugural financial initiative totaling $83.2 million, dedicated to bolstering research laboratories throughout Saudi Arabia. This initiative aims to enhance research facilities and laboratories across the Kingdom, aligning with the national research priorities outlined by Crown Prince and Prime Minister Mohammed bin Salman, who also serves as the chairman of the Supreme Committee for Research, Development, and Innovation.

  • Mixed Signals in the Latest Saudi Labor Market Report

    At face value, the Saudi labor market report released March 28 contained good news. The report showed that the overall unemployment rate (covering nationals and non-nationals) fell to 4.4% in the fourth quarter of 2023 from 5.1% in the third quarter. The unemployment rate for Saudi nationals dropped to 7.7% from 8.6% in the third quarter (and 8% in the fourth quarter of 2022), with the unemployment rate for Saudi women declining particularly sharply to 13.7% (down from 16.3% in the third quarter of 2023 and 15.4% in the fourth quarter of 2022). The unemployment rate for Saudi men remained unchanged at 4.6% between the third and fourth quarters of 2023, still above the 4.2% rate in the fourth quarter of 2022. The overall unemployment rates for Saudi women and all Saudis are at their lowest levels since the kingdom began collecting statistics.

  • Saudi HR minister, business leaders discuss labor-market challenges

    Saudi Minister of Human Resources and Social Development Ahmad Al-Rajhi on Tuesday met business representatives of the private sector in Makkah. During the meeting at the headquarters of the Makkah Chamber of Commerce, Al-Rajhi reviewed the labor-market strategy and achievements between 2019 and 2023 and was told about the main challenges and opportunities in the private sector.

  • Saudi Ministers Visit Central Asia: “Unprecedented” Collaboration Moves Beyond Oil

    A new era of engagement between the Persian Gulf and Central Asian states was launched this month, surprisingly promoting investments that diversify both regions away from oil and gas. High-level Saudi ministers touched down in Bishkek and Astana, bringing with them the promise of large-scale infrastructure investments to be funded by the Saudi Fund for Development (SFD), which is actively seeking to expand its more than $20 billion portfolio across Central Asia.

  • Hong Kong start-up hubs expand city’s collaboration with Saudi Arabia to forge closer ties a year after John Lee visit

    Hong Kong Science and Technology Parks (HKSTP) and Cyberport each signed memorandums of understanding with Saudi Arabia’s King Abdulaziz City for Science and Technology in Riyadh on Monday, a year after Chief Executive John Lee Ka-chiu attended the Leap technology conference to foster closer ties between the two markets. The third annual Leap event is the first to feature a Hong Kong pavilion, where HKSTP and Cyberport had eight and seven companies exhibiting, respectively.

  • Yellen, Saudi finance minister discuss economy, collaboration at G20 meeting

    US Treasury Secretary Janet Yellen met with Saudi Arabia’s finance minister Mohammed al-Jadaan at the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, a statement released by US Department of treasury on Thursday reported. Yellen and the Saudi minister discussed economic prospects of the Kingdom, the advancements made in its reform initiatives and its involvement in global and regional affairs, the statement added.

  • Saudi-China Collaboration in the Context of a Circular Carbon Economy: Priorities and Opportunities in the Globalization of Hydrogen Markets

    Developing clean hydrogen industries and markets are strategically crucial for Saudi Arabia and China to achieve their net-zero climate goals. Saudi Arabia has made significant progress in hydrogen development from extraction to commercialization. Different options for galvanizing clean hydrogen production are being explored, with the goal of reaching four million tons of clean hydrogen annually by 2030, most of which will be exported to major energy consumers in East Asia and Europe. China is the world’s largest producer and consumer of hydrogen. The construction of an integrated hydrogen industry by 2035 will promote the use of hydrogen across the transportation, energy storage, and industrial sectors.

  • U.S. collaborates with allies, partners at Saudi-led Spears of Victory exercise

    Ninth Air Force (Air Forces Central)’s KC-135 Stratotanker aircraft and experts across the fields of command and control, security forces, and other critical operations deployed to the Royal Saudi Air Force’s Spears of Victory exercise Feb. 4-15, at King Abdulaziz Air Base. Spears of Victory includes eight countries and is one of the largest multinational exercises hosted by a U.S. partner in the region. The exercise provides opportunities to develop tactical proficiency, improve interoperability, strengthen military relationships and increase flexibility to address existing and emerging threats. The multilateral exercise builds confidence by familiarizing operators with a wide array of aircraft in various contingency scenarios.