Analysis

G20

Road to the G20: L20 Summit, Focused on Workers and Labor, Emphasizes Inclusion of Women and Youth

• SUSTG Team
• |
• 9. 18. 2020

On the 7th and 8th of September, the Labor 20 engagement group launched its Saudi L​​​20 Summit, titled “A New Social Contract for Recovery and Resilience," which was held in the Saudi capital Riyadh in accordance with COVID-19 safety measures.

• Media

  

  Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films

  SUSTG Team  |  9. 16. 2020

  Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to Esquire Middle East.

• Construction

  

  Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp

  SUSTG Team  |  9. 9. 2020

  Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers "to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile," Bloomberg reports.

• 

  With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020

  SUSTG Team  |  8. 26. 2020

• Coronavirus

  

  Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials

  SUSTG Team  |  8. 25. 2020

  Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.

• Tourism

  

  Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020

  SUSTG Team  |  8. 17. 2020

  Like in most other countries around the world, Saudi Arabia's travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier's International highlights the severity of the impact.

• 

  Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message

  SUSTG Team  |  7. 31. 2020

• Labor

  

  Unemployment for Saudis Declines in Latest Labor Figures before Pandemic

  SUSTG Team  |  7. 14. 2020

  Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.

• Tourism

  

  Saudi Arabia to Launch Tourism Development Fund with an Initial $4 billion Investment

  SUSTG Team  |  6. 22. 2020

  Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, according to reports citing an announcement from the Ministry of Tourism.

• Labor

  

  1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates

  SUSTG Team  |  6. 16. 2020

  As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.