Analysis

U.S.-SAUDI RELATIONS

Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations

• SUSTG Team
• |
• 3. 24. 2021

The comments, delivered virtually at the event hosted by the U.S. Chamber of Commerce, directly addressed the concept of a "reset" in U.S.-Saudi relations, noting that the two allies will remain as such and that the path forward is not as much of a reset but a "restart."

• Solar Power

  

  Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report

  SUSTG Team  |  3. 23. 2021

  Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company's first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports.

• Heritage and Tourism

  

  ‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites

  SUSTG Team  |  3. 17. 2021

  English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.

• Oil Markets

  

  OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb

  SUSTG Team  |  3. 3. 2021

  The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports.

• Economy

  

  Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023

  SUSTG Team  |  2. 16. 2021

  Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom's economic opportunities to countries that will hire local talent.

• Judicial Reform

  

  Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law

  SUSTG Team  |  2. 9. 2021

  Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.

• U.S.-Saudi Relations

  

  Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory

  SUSTG Team  |  2. 5. 2021

  U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.

• Economy

  

  Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity

  SUSTG Team  |  2. 3. 2021

  Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.

• Saudi International

  

  List of World’s Top Golfers Competing at Third Saudi International Grows as Kevin Na Commits

  SUSTG Team  |  1. 21. 2021

  The field of competitors for next month's Saudi International powered by Softbank Investment Advisers is growing as another top golfer in the world has joined some of the sports biggest names confirmed to compete in Saudi Arabia.

• NEOM

  

  $5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report

  SUSTG Team  |  1. 13. 2021

  A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.