Analysis

Saudi Arabia’s Tourism Minister: Kingdom Needs to Inject $200 Billion into Industry — Report

• SUSTG Team
• |
• 12. 22. 2020

Saudi Arabia's tourism minister Ahmed Al-Khateeb dismissed naysayers of the Kingdom's ambitious tourism plans, telling Arab News' Frank Kane in an exclusive interview that the Kingdom’s target of obtaining 100 million visits by 2030 is not overambitious with big investments in the industry.

• U.S.-Saudi

  

  Houston-Based Baker Hughes, Saudi Aramco to Develop Oil, Gas Products Using Nonmetallic Resources

  SUSTG Team  |  12. 9. 2020

  Saudi Aramco and Houston-based Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector, the companies said in a press release.

• Economy

  

  Saudi Economy More Resilient than Expected in Q2, Q3 2020; Recovery Possible Next Year – Jadwa Investment

  SUSTG Team  |  11. 27. 2020

  Saudi Arabia's economy proved to be more resilient than expectations in the face of dual crises of the Coronavirus pandemic and a drop in oil prices in 2020, Jadwa Investment writes in an economic update.

• G20

  

  Road to the G20: Saudi Arabia Set to Host Main Leaders’ Summit this Weekend

  SUSTG Team  |  11. 19. 2020

  Saudi Arabia is set to host the G20 Leaders Summit this weekend, the main event involving the heads of the 20 nations chaired virtually by the Kingdom due to the Coronavirus pandemic.

• Economy

  

  Saudi Economy Contracts 4.2% in 3Q, Improves from 2Q; Fitch Affirms Credit Rating at ‘A’

  SUSTG Team  |  11. 10. 2020

  Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, but the contraction was smaller than the second quarter when the economy was reeling from coronavirus-linked lockdowns, Reuters reports.

• Economy

  

  As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market

  SUSTG Team  |  10. 30. 2020

  Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path.

• Al-Ula

  

  Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia

  SUSTG Team  |  10. 28. 2020

  French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.

• Sports

  

  Top Names in Golf Commit to Saudi International Tournament in February

  SUSTG Team  |  10. 27. 2020

  Saudi Arabia's annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International.

• Media

  

  Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’

  SUSTG Team  |  10. 13. 2020

  Arab News, Saudi Arabia's leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will "deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs."

• Defense

  

  U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says

  SUSTG Team  |  9. 25. 2020

  A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.