SUSTG.com / Research

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

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • E-Sports in Saudi Arabia receives $45 million investment

    The rapidly growing gaming market in Saudi Arabia has received a huge boost after Dubai-based e-sports brand, True Gamers, signed a franchise deal worth $45 million with investment firm, Falak, reports Meed. The investment will involve the creation of 150 e-sports clubs across Saudi and seeks to capitalize on a market that is expected to expand by over 8% annually over the next three years, eventually meeting a market value of $1.3 billion by 2027.

  • Arab Peace Proposal for Gaza Takes Shape as Top Biden Adviser Lands in Region

    The proposal, submitted to Israel via the U.S., is the first joint plan by Arab states to end the war in Gaza and set a pathway toward a two-state solution. Saudi Arabia, which is one of five Arab countries making the proposal, is offering to normalize ties with Israel in return, a process derailed by the Hamas-led attack on Oct. 7.

  • Formula E attracts backing from Saudi Arabia’s Public Investment Fund

    Now the Saudi Arabian PIF has agreed a multi-year deal with Formula E, offroad electric series Extreme E and electric powerboat championship E1. The three series will be promoted under the new brand Electric 360. Formula E founder Alejandro Agag called the deal “a huge milestone for us in our journey to pioneer the most cutting-edge sustainable transport technology.” “PIF will not only play a strategic role in helping us leverage our unique technological platforms, but also foster global collaboration, education and skills development for the next generation worldwide.”

  • Saudi Arabia leads IPOs in GCC region: KAMCO Invest

    Saudi Arabia continued to lead initial public offerings in the Gulf Cooperation Councill region in 2023, with 35 out of the 46 IPOs occurring in the Kingdom. Saudi Arabia’s parallel market, Nomu, witnessed 27 IPOs in 2023, while the Tadawul All Share Index saw eight deals, according to research by KAMCO Invest. UAE continued its domination in terms of IPO proceeds, raking in almost 56.3 percent of the issuance proceeds at around $6.07 billion from its eight listings.

  • Benzema wants to leave Saudi club after bust-up: source close to club

    The 36-year-old former Real Madrid striker held a "raging" meeting with the club and its Argentinian coach Marcelo Gallardo last Friday, the source said. Benzema told his coach and club management "he doesn't feel he is able to give his best because of the current pressure at Ittihad". "Benzema asked to leave Ittihad temporarily to change the atmosphere," the source added. Al-Ittihad offered to loan the French striker to another Saudi Pro League club but he has refused, the source added.

  • Saudi Arabia launches cutting-edge air mobility initiative

    In an effort to redefine air travel and cargo transport, the General Authority of Civil Aviation (GACA) of Saudi Arabia released yesterday the "Enabling Advanced Air Transport in the Kingdom" initiative. The initiative promises to revolutionize the Saudi aviation sector, positioning it as a leader in Advanced Air Mobility (AAM) in the Middle East through sustainable and state-of-the-art technologies. The initiative comprises a spectrum of pioneering solutions, from unmanned aircraft systems to vertical take-off and landing (VTOL) aircraft. These advancements aim to enhance the safety, soundness, and sustainability of air transport, significantly accelerating the mobility of people and goods while addressing environmental concerns.

  • stc, Saudi Railway Company Partner to Elevate National Cybersecurity

    stc group has announced a strategic partnership between its subsidiary, sirar by stc, and the Saudi Railway Company (SAR), the owner and operator of railway networks in Saudi Arabia. This collaboration is set to revolutionize the realm of Information Technology and technological innovation within the Kingdom's critical infrastructure. This will facilitate an alliance for a strategic move to deepen the national expertise in cybersecurity and technology within critical infrastructure sectors.

  • Saudi-Backed Esports Firm to Run New ‘Overwatch’ Competitions

    ESL will operate the Overwatch Champions Series in North America, Europe, the Middle East and Africa starting in February. A Korean esports company, WDG, will run a circuit in Asia, where many professional Overwatch players live. A new “open” format will allow high-level players to compete regardless of whether they are amateur or professional. The series replaces the Overwatch League, an attempt by Activision Blizzard, now owned by Microsoft, to run city-based teams where fans could cheer their local franchises much as they do with football or baseball. After the league failed to live up to its ambitions, Activision Blizzard offered team owners $6 million each to exit — or $114 million.

  • Saudi’s Boutique Group to transform Jeddah’s Al Hamra Palace into ultra-luxury hotel

    Boutique Group has partnered with the international architecture design firm, OBMI, and the renowned French interior designer Jacques Garcia for the transformation of historic and cultural palaces into ultra-luxury boutique hotels. The partnership includes Al Hamra Palace, originally built as a royal residence for King Faisal bin Abdulaziz. Found on Jeddah's corniche it was originally intended as a royal residence but, upon completion, it evolved into a royal hospitality palace hosting guests such as presidents of Arab and Islamic nations, as well as Richard Nixon, Diana Princess of Wales and King Charles the Third.

  • Schiattarella Associati’s digital art center in Saudi Arabia draws from Najdi architecture

    Schiattarella Associati has unveiled Diriyah Art Futures, a distinctive digital art ‘incubator’ in Saudi Arabia designed for exhibitions, education, and art production. Covering an area of 12,800 square meters, it is situated northwest of Riyadh, close to a significant historical and archaeological site in the Arabian Peninsula. The design approach of Schiattarella Associati emphasizes a connection with the surroundings, considering not only the physical characteristics of the context but also engaging with the cultural values and the memory of the location.