Analysis

SAUDI ARABIAN MILITARY INDUSTRIES (SAMI)

New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit

• SUSTG Team
• |
• 5. 18. 2017

Saudi Arabia's Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports.

• Kingdom Tower Jeddah

  

  World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019

  SUSTG Team  |  5. 12. 2017

  Saudi Arabia's under-construction Kingdom Tower Jeddah, set to be the world's tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building's construction site yesterday.

• Mohammed Al Tuwaijri

  

  Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News

  SUSTG Team  |  5. 10. 2017

  Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020.

• U.S.-Saudi Military Sales

  

  U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters

  SUSTG Team  |  5. 8. 2017

  Lockheed Martin programs in the package include a Terminal High Altitude Area Defense (THAAD) missile defense system with several batteries, the sources told Reuters.

• Economy

  

  IMF: ‘The Redistribution of Oil Wealth Through Government Jobs and Generous Subsidies is No Longer Sustainable’

  SUSTG Team  |  5. 2. 2017

  "The challenge, therefore, is to develop a new model of economic growth that is both resilient and inclusive. In particular, there is a need to reduce the dependence on oil and generate private sector jobs for the rapidly growing labor force," the IMF said.

• Women

  

  Setback for Women in Saudi Arabia as Proposal for Women’s Sports Education Colleges Fails in Shoura

  SUSTG Team  |  4. 27. 2017

  The Shoura Council failed to pass a proposal to establish sports education colleges for women this week. The proposal won the support of 73 members, but was opposed by 57. The minimum vote count to pass the proposal was 76.

• U.S.-Saudi Arabia CEO Summit

  

  Secretary of State Rex Tillerson, Saudi Minister of Commerce Dr. Majed Al-Qassabi Deliver Keynote Remarks at U.S.-Saudi Arabia CEO Summit

  SUSTG Team  |  4. 20. 2017

  “When US companies invest in the Saudi economy, everyone wins,” Secretary of State Tillerson told dozens of CEOs from the U.S. and Saudi Arabia in his first on-the-record public speech as Secretary.

• Taxation in Saudi Arabia

  

  Saudi Finance Minister Mohammed Al-Jadaan: No Income Tax for Saudi Citizens, No Company Profit Taxes

  SUSTG Team  |  4. 10. 2017

  Saudi citizens would not pay taxes on income and Saudi companies would not see their profits taxed with economic reforms being introduced in the Kingdom, Saudi Arabia's finance minister Dr. Mohammed Al-Jadaan said on Sunday, Reuters reports.

• Syria

  

  Saudi Arabia Praises Trump Airstrike Punishment of Syria Chemical Attack

  SUSTG Team  |  4. 7. 2017

  Saudi Arabia said on Friday it "fully supports" U.S. strikes on military targets in Syria, saying it was a "courageous decision" by President Donald Trump in response to the use of chemical weapons against civilians.

• 

  New Accounting Standards Cost Saudi $1.3b, but Feared Accountant Shortage Avoided

  SUSTG Team  |  4. 5. 2017