Analysis

TOURISM

Before the Pandemic, Saudi Arabia’s Tourism Sector Showed Encouraging Rates of Growth

• SUSTG Team
• |
• 7. 9. 2020

Before the global pandemic and resulting economic slowdown, Saudi Arabia registered significant growth in one of its key industries of focus in 2019 as the Kingdom looks to diversify its economy away from oil, an encouraging sign of progress that could be resumed when Coronavirus fears wane.

• Economy

  

  Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy

  SUSTG Team  |  7. 6. 2020

  Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom's economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.

• Hajj 2020

  

  Saudi Arabia Announces ‘Limited’ 2020 Hajj to Prevent Coronavirus Spread

  SUSTG Team  |  6. 23. 2020

  Saudi Arabia's leaders said Monday the Kingdom will still allow for a "limited" Hajj which is open only to a small number of pilgrims who are already based in Saudi Arabia as they seek to stop the spread of the novel Coronavirus, according to reports.

• SIDF

  

  Saudi Industrial Development Fund Launches Near $1 billion Stimulus Package for Saudi Private Sector for Coronavirus Aid

  SUSTG Team  |  6. 17. 2020

  The Saudi Industrial Development Fund (SIDF) said on Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic, Reuters reports.

• Security

  

  Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack

  SUSTG Team  |  5. 19. 2020

  The Saudi embassy in Washington, D.C. issued a statement following yesterday's release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced "significant developments" in the FBI’s investigation.

• Binladen Group

  

  Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex

  SUSTG Team  |  5. 14. 2020

  The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.

• Investment

  

  Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories

  SUSTG Team  |  5. 7. 2020

  Saudi Arabia's SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.

• Coronavirus

  

  Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis

  SUSTG Team  |  4. 29. 2020

  Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.

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  Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report

  SUSTG Team  |  4. 16. 2020

• 

  Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus

  SUSTG Team  |  4. 8. 2020