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Recent stories from sustg
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Riyadh Air Makes Waves at Aviation Festival of Asia 2024
New Saudi airline Riyadh Air is touting its new offering at an industry event in Asia, with the CEO and COO giving public appearances and with it a glimpse into the plans and aspirations of the startup airline.
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Lucid CEO Says Saudi Arabia Views Struggling EV Maker as Strategic Investment for Economic Diversification
Lucid Motors CEO said at the Geneva International Motor Show today that the struggling EV maker and its Saudi backers are “in this together for the long run” and the relationship is like a “marriage,” according to a report in Bloomberg.
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Ahead of LEAP in Saudi Arabia, MCIT’s Abdullah Alshamrani joins The 966 to talk tech, ecosystem development, and more…
Abdullah Alshamrani, General Manager of the Digital Entrepreneurship Center at Saudi Arabia’s MCIT join The 966 to talk ecosystem development in the Kingdom, the entrepreneurship scene, and the Kingdom as a future destination for tech.
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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SoftBank to Create Industrial Robots for Saudi Arabia
Alat (Arabic for ‘machines’), the PIF funded $100 billion initiative to create an automated manufacturing hub in Saudi Arabia will invest up to $150 million in partnership with SoftBank.
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2nd Edition of FII in Miami, Florida Kicks Off Tomorrow
Leaders from the public and private sector, business and finance executives and others will descend this week on Miami for the second FII event to take place in that city to discuss potential solutions to the planet’s ongoing conflicts and climate change, as well as artificial intelligence.
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What it’s like to live in Saudi Arabia during Riyadh Season, PIF-backed Alat launches with eyes on a big impact, and more…
The boys are back for their normal format and catch up on just some of the seemingly endless new developments and storylines emerging from Saudi Arabia of late.
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Science Museum Group to create ‘museum hub’ in Saudi Arabia
The Science Museum Group is to create a Museums Hub in Saudi Arabia which it says will become a “center of excellence for science and culture and support the wider museum sector”. The new hub, to be located in Riyadh, hoped to enable the Science Museum Group to work with museum professionals, researchers and educators […]
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Saudi Family Office Mithaq Capital Buys Majority Stake in Struggling Retailer Children’s Place
Saudi Arabia’s Mithaq Capital, a family office owned by the Al Rahji Family, snapped up shares in struggling children’s retailer The Children’s Place to take a majority stake in the company, Semafor reports.
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House Prices in Riyadh Continue Climb into Record Territory — Knight Frank Report
Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
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MUST-READS
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Manga Productions Chief Essam Bukhary on Saudi Manga Craze and How Partnership With Japanese Studios Is the ‘Future of the Anime Industry’
Saudi Arabia, where popular anime characters such as “Captain Tsubasa” and “Dragon Ball” protagonist Son Goku have been engrained in the culture for decades, is taking its love affair with Japanese manga content to the next level.
In late March, just a few weeks after the death of “Dragon Ball” creator Akira Toriyama, it was announced that the world’s first theme park dedicated to the megahit Japanese manga and animation franchise will be built in Qiddiya, the massive entertainment and tourism project outside the Saudi capital of Riyadh through a joint venture between Qiddiya and Japan’s Toei Animation.
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Perspective: What Western Media Won’t Tell You About A Women’s Saudi Arabia
The Saudi people are tired. Tired of having to justify themselves. Tired of having to defend their attitudes. Tired of a relentless and unforgiving West that seemingly can’t escape sensationalism nor overcome partiality. As a result of this fatigue, we, as outsiders, did not face confrontation or clash upon arriving in the Kingdom. For Saudis, their value system isn’t up for debate, which meant we were given a simple choice: listen or hide behind a veil of ignorance.
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Saudi Arabia’s Diriyah Biennale Looks to the Future amid an Imperiled Present
The second edition of Saudi Arabia’s Diriyah Contemporary Art Biennale—titled “After Rain” and on view through May—proposes petrichor as a metaphor for renewal, a cleansing by water of our battered earth and spoiled morality. The inaugural edition of the event, curated by Philip Tinari in 2021, was also water-themed, taking its title from a saying about a river crossed by Chinese revolutionaries in the 1980s. The fixation on water could seem ironic, given the arid setting, but it’s a logical idea for the Diriyah Biennale, the first international showcase of its kind in Saudi Arabia, to circle; it’s inextricable from the existence of the event.
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KlasJet Obtains a Permit to Operate in Saudi Arabia
KlasJet, a well-known exclusive private and corporate jet charter company and a part of the world's largest ACMI providers, the Avia Solutions Group family, is continuing its expansion into the Middle East region. KlasJet Boeing 737 has recently obtained the approval from the General Authority of Civil Aviation (GACA) in Saudi Arabia to operate domestic and international flights.
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Gaza hostage talks deadlock and spark U.S.-Israel blame game
U.S. officials, together with Qatari and Egyptian mediators, pushed hard in recent days for a deal, stressing it is the only way to reach a six-week ceasefire in Gaza, where more than 30,000 Palestinians have been killed.
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Israel truce team leaves Doha, official blames Hamas for ‘dead end’
Israel has recalled its negotiators from Doha after deeming mediated talks on a Gaza truce "at a dead end" due to demands by Hamas, a senior Israeli official said on Tuesday.The official, who is close to the Mossad spymaster heading up the talks, accused Hamas' Gaza leader Yahya Sinwar of sabotaging the diplomacy "as part of a wider effort to inflame this war over Ramadan".The warring sides had stepped up negotiations, mediated by Qatar and Egypt, on a six-week suspension of Israel's offensive in return for the proposed release of 40 of the 130 hostages still held by the Palestinian militant group in Gaza.
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Eid Season 2024 returns to Saudi Arabia
Scheduled to take place from 10 to 14 April — depending on the moon sighting — Eid Season 2024 will kick off with Eid prayers. Throughout Eid Season 2024, a variety of events and outings are planned across the Kingdom, offering opportunities for families to create lasting memories together. From concerts featuring renowned artists to cultural performances showcasing traditional music and dance, there’s no shortage of entertainment options during Eid Season. Some of the events include concerts by Majid Al Muhandis in Jeddah, Modi Alshamrani and Dhom Altlasy in Dammam, Abadi AlJohar, Zena and AlMestrih in Riyadh, and many others.
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Saudi crown prince, US House Armed Services Committee chairman discuss ties
Saudi Arabia’s Crown Prince Mohammed bin Salman has received in Jeddah Chairman of the US House Armed Services Committee Mike Rogers, the Saudi Press Agency said early Tuesday. The US delegation also included committee members Adam Smith, Salud Carbajal, and Veronica Escobar. The meeting discussed bilateral relations and cooperation, in addition to issues of mutual interest.
Saudi defense minister Prince Khalid bin Salman, Saudi ambassador to the US Princess Reema bint Bandar, Saudi foreign minister Prince Faisal bin Farhan, and other senior Saudi and US officials attended the meeting.
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Saudi Arabia’s non-oil exports increase by 0.8 percent in January
Saudi Arabia’s non-oil exports, including re-exports, recorded a 0.8 percent increase in January 2024 compared to the same period in 2023, reported the General Authority for Statistics. Excluding re-exports, non-oil exports saw an 11.5 percent decline as re-exports rose by 42.6 percent in the same period. The authority also reported a decline in overall merchandise exports mainly due to the decline in oil exports following Saudi Arabia’s pledge of an additional oil output cut of 1 million barrels per day in July 2023.
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Saudi Arabia lands latest major IP with announcement of world-first Dragon Ball theme park
Saudi Arabia continues to utilise major IPs in its ongoing tourism push, with the latest announcement seeing the world’s only Dragon Ball-themed park making its way to Qiddiya. Saudi Arabia has been making major investments into its tourism sector in recent years, with a host of IPs such as Transformers, WWE and Warner Bros Discovery all making their way to the kingdom for major attractions projects. Now the iconic Dragon Ball series will join the fray, with fans of the anime franchise able to take in an entire theme park experience for the first time.
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