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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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The Islamic State’s Afghanistan-based affiliate is emerging as a global menace
News of the recent horrific attack in Moscow by the Islamic State in Iraq and Syria—Khorasan Province (also known as ISIS-K) is putting a spotlight on a group that was already notorious for its brutal methods in Afghanistan and the broader Middle East. The operation in Moscow arrived a few weeks after U.S. officials warned that credible intelligence suggested an attack was brewing in Russia. Still, it appears to be a dramatic escalation of the group’s ability to launch complex attacks well outside its home base in Afghanistan.
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Saudi Arabia denounces Israeli decision to confiscate West Bank land
Saudi Arabia’s Ministry of Foreign Affairs condemned an Israel decision to confiscate 800 hectares of land in the occupied West Bank.
The Kingdom “strongly condemns the Israeli occupation’s announcement,” emphasizing “that such actions violate international laws and relevant resolutions,” the Saudi Press Agency (SPA) cited the ministry as saying.
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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.
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Al-Khateeb: Saudi Arabia pumps SR375 million annually to support skills of Saudis in tourism sector
Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia pumps SR375 million annually to support enhancing the skills of Saudis in the tourism sector. “This contributed to raising their rates to 40 percent and we are targeting 50 percent. We are also working to facilitate the issuance of licenses instantly instead of the current duration of five days,” he said while addressing the Manafea Forum in Madinah.
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Saudi cabinet highlights green initiative and regional diplomacy in latest session
In a Cabinet session chaired by Crown Prince and Prime Minister Prince Mohammed bin Salman, held in Jeddah on Tuesday, the Kingdom showcased its dedication to environmental sustainability, regional diplomacy, and humanitarian concerns. The session began with the Crown Prince briefing on recent communications with international leaders, including the President of Germany, the Prime Minister of Kuwait, and the Secretary of State of the United States of America, emphasizing the Kingdom's active role on the global stage.
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Cliff divers conquer Saudi Arabia’s rare fresh water supplies
Catalin Preda from Romania and America’s David Colturi have become the first people to dive into the wadis of Saudi Arabia in a hike and dive experience through the rough and rugged natural landscape of Jazan province.Set against the unique backdrop of the Wadis Lajab and Al-Rough in the kingdom’s Jazan province, the Romanian American duo explored the canyons, deep valleys, waterfalls and freshwater ponds deep enough to host fish and some incredible cliff dives.
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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.
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NCW Implements Three Major Initiatives in Saudi Green
The National Center for Wildlife (NCW) has implemented three main initiatives in "Saudi Green." These initiatives include expanding and integrating protected areas, assessing marine and coastal environments, rehabilitating affected areas, and ensuring their sustainable management. Additionally, the NCW has undertaken an initiative to propagate and resettle endangered species and restore their ecosystems. The Center leads major initiatives within the Green Saudi Initiative, serving as a national umbrella for the Kingdom's wildlife sector. It works in tandem with other sectors to restore the Kingdom's ecosystems, enrich biodiversity, and achieve environmental balance and sustainability.
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Al-Dosary: 3 media academies to train 4000 Saudis within 2 years
Minister of Media Salman Al-Dosary said that the ministry has established three harmonious media academies that are aimed to train more than 4,000 individuals within two years. “This is through three educational tracks, containing 50 theoretical and practical subjects, and specialized programs, and that is in partnership with major international universities,” he said while addressing the second Media Suhoor (predawn meal) in Riyadh on Monday. Several ministers, officials and media figures attended the event held under the patronage of the minister.
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CEDA reviews progress achieved in economic diversification policies
The presentation included a detailed look at the performance of the national economy, highlighting the positive progress observed in economic diversification policies and major investments that contribute to enabling the national economy to meet the challenges and achieve sustainable development in all sectors. This comes as a confirmation of the success in implementing the programs and objectives of the Saudi Vision 2030 that aims to achieve a prosperous economy by diversifying growth engines.
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