Analysis

TOURISM AND HOSPITALITY

Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions

• SUSTG Team
• |
• 9. 27. 2019

Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society.

• Vision 2030

  

  Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says

  SUSTG Team  |  9. 20. 2019

  A recently-released report from Jadwa Investment finds "a fair level of progress on most areas" in the Kingdom's important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia's economy and modernization of its financial sector.

• Oil

  

  Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts

  SUSTG Team  |  9. 12. 2019

  Saudi Arabia's new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher.

• Renewable Energy

  

  Saudi energy ministry appoints new head of REPDO, the Kingdom’s renewables body

  SUSTG Team  |  9. 6. 2019

  Saudi Arabia's energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan.

• Women

  

  Women in Saudi Arabia begin exercising new travel rights as reforms progress

  SUSTG Team  |  8. 23. 2019

  Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint.

• Saudi Aramco IPO

  

  Saudi Aramco Picks Advisors for Second Run at Initial Public Offering

  SUSTG Team  |  8. 21. 2019

  Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg.

• U.S.-Saudi Relations

  

  U.S. Ambassador to Saudi Arabia Praises Kingdom’s Generosity and Hospitality during 2019 Hajj

  SUSTG Team  |  8. 16. 2019

  US Ambassador to Saudi Arabia John Abizaid praised the Kingdom’s hospitality during this year’s Hajj season, saying the nation’s generosity was “truly on display for the world to see.”

• Saudi-UAE

  

  UAE’s Sheikh Mohamed bin Zayed Visits Jeddah, Mecca for Meetings with Top Officials

  SUSTG Team  |  8. 13. 2019

  The Crown Prince of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, arrived in Jeddah today for talks with Saudi Arabia's top leaders, according to reports.

• C3 2019

  

  2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York

  SUSTG Team  |  8. 6. 2019

  The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City.

• Economy

  

  Jadwa Investment Sees Non-Oil Sector Growth in Saudi Arabia at 2.4% in 2019

  SUSTG Team  |  7. 11. 2019

  A recent report issued by Jadwa Investment shows expected growth in the non-oil sector at 2.4 percent in 2019, compared to 1.7 percent in 2018, and forecasted 2020 non-oil sector growth at 2.7 percent.