Analysis

ECONOMY

Analysis: Vision 2030 is Well Underway. Here’s What’s Needed to Make it a Success.

• Hussain Abusaaq
• |
• 2. 25. 2019

Vision 2030 was designed as a 14-year project; however, in its first three years, we have already seen tangible advances, such as fiscal consolidation efforts, the introduction of a value-added tax, and continued commitment toward implementing structural reforms.

• Saudi-India

  

  Crown Prince Mohammed bin Salman Arrives in India for Next Stop of Asia Tour

  SUSTG Team  |  2. 20. 2019

  Saudi Arabia's Crown Prince Mohammed bin Salman arrived in India for the second stop on a three-country tour of Asian nations as the Kingdom looks to boost relationships and trade opportunities in the East.

• Energy

  

  Al-Falih: ‘Going forward the world is going to be Saudi Aramco’s playground’

  SUSTG Team  |  2. 12. 2019

  In a new interview with the Financial Times, Saudi Arabia's powerful minister of energy, industry, and mineral resources Khalid Al-Falih indicated that Saudi Aramco would take on an active position as investor in resource opportunities outside the Kingdom of Saudi Arabia.

• Entertainment

  

  Ambitious Saudi Entertainment Push Announced by GEA’s Turki al-Sheikh

  SUSTG Team  |  1. 23. 2019

  Saudi Arabia is looking to maintain heavy investment in the entertainment sector in 2019, according to comments made by a top Saudi official, as it looks to make good on key Vision 2030 economic reforms.

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  Saudi Arabia, Other Gulf Nations to Join JPMorgan Chase & Co.’s Emerging-Market Bond Indexes

  SUSTG Team  |  1. 18. 2019

• Energy

  

  Saudi Arabia Eyes Major Domestic Energy Conservation by 2030, Al Falih Says

  SUSTG Team  |  1. 15. 2019

  Saudi Arabia expects to throttle back domestic energy consumption by 2030 by up to the equivalent of 2m barrels of oil per day, in line with the Kingdom's Vision 2030 economic and social reform initiative, according to comments made by Khalid Al-Falih published by Reuters.

• Jadwa Investment

  

  A Gradual Pickup in Private Sector Lending in Saudi Arabia Seen in Monetary Update

  SUSTG Team  |  1. 11. 2019

  A recently-released report by Jadwa Investment finds a gradual pickup in private sector lending since April 2018 after showing a slowdown in 2017 and Q1 2018.

• Economy

  

  Saudi Arabia Seeks Balanced Budget by 2023 – Al Jadaan

  SUSTG Team  |  12. 20. 2018

  Saudi Arabia’s finance minister told Reuters on Wednesday he was "unconcerned with current oil prices impacting spending plans in 2019" and the government still aims to close its budget deficit by 2023 - though the target is not set in stone.

• U.S.-Saudi Relations

  

  Saudi Government ‘Rejects’ U.S. Senate Rulings on Saudi Arabia But Pledges to Continue Building Relationship

  SUSTG Team  |  12. 17. 2018

  The government of Saudi Arabia issued a statement condemning a recent U.S. Senate resolution blaming Crown Prince Mohammed bin Salman for the killing of journalist Jamal Khashoggi, and said the government rejects external interference in its affairs.

• Oil Price

  

  OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps

  SUSTG Team  |  12. 7. 2018

  OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal.