Analysis

U.S. Envoy for Yemen Tim Lenderking Again Visits Riyadh in Push to Bring Yemen War to Close

• SUSTG Team
• |
• 6. 17. 2021

Veteran diplomat and U.S. Special Envoy for Yemen Tim Lenderking traveled to Saudi Arabia this week to continue efforts at bringing to a close the ongoing war in Yemen, the State Department and reports confirm.

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  Goldman Sachs Raises Expectations for Saudi Arabia’s Oil Production and Economic Growth – Report

  SUSTG Team  |  6. 15. 2021

  According to a report in Bloomberg, Goldman Sachs Group Inc. raised its expectations for Saudi Arabia’s oil production and economic growth in 2021 as crude prices soared over $70 a barrel this week and pandemic-related lockdowns continued to ease.

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  Saudi Arabia’s Massive Public Investment Fund Appoints Two Deputy Governors to Fuel Expansion

  SUSTG Team  |  6. 8. 2021

  Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) said on Tuesday it has established two deputy governor roles to support the $430 billion fund's continued growth and expansion, several outlets report.

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  Kingdom Registers Surge in SME Contribution to GDP, a Top Goal of Vision 2030

  SUSTG Team  |  5. 31. 2021

  The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom's overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.

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  With Pandemic Waning, Saudi Arabia Set to Resume Tourism Ambitions

  SUSTG Team  |  5. 27. 2021

• Yemen

  

  U.S. Blasts Houthi Leadership, Sanctions Two Top Commanders as Peace Talks Stall – Report

  SUSTG Team  |  5. 21. 2021

  The Biden Administration announced new sanctions on two Houthi military officials, the U.S. Treasury Department said, taking action over the Iran-aligned movement's offensive to seize Yemen's gas-rich Marib region and lack of real commitment to finding a peaceful solution to the end of the war.

• Economy

  

  As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars

  SUSTG Team  |  5. 14. 2021

  Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.

• Economy

  

  IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021

  SUSTG Team  |  5. 4. 2021

  The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.

• Solar

  

  ‘Rapid Radical Reduction’ in Solar PV Price a Massive Opportunity for Saudi Renewables

  SUSTG Team  |  4. 27. 2021

  A significant and unforeseen drop in the cost to produce solar energy in recent years may enable Saudi Arabia to turbocharge its ambitions to diversify its economy and free up more oil for exports, as the Kingdom continues ahead with the development of several solar installations.

• Diplomacy

  

  Second Round of Saudi-Iran Talks Planned, Sources Tell Reuters; Both Sides Mum

  SUSTG Team  |  4. 22. 2021

  Saudi and Iranian officials plan further direct talks this month, unnamed sources told Reuters, with the aim of easing tensions between the Middle East arch-rivals in a significant move for regional stability.