Analysis

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.

• Saudi-Qatar

  

  Gulf Rift Ends after 42 Months; Qatari Emir Heads to GCC Summit as Skies, Borders Re-Open

  SUSTG Team  |  1. 5. 2021

  Saudi Arabia and Qatar have agreed to reopen their airspace and maritime borders starting Monday, according to an announcement by Kuwaiti officials, who claimed credit for brokering the deal by hosting a call between Saudi Arabia's Crown Prince Mohammed bin Salman and Qatari Emir Sheikh Tamim bin Ha

• PIF

  

  Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space

  SUSTG Team  |  12. 29. 2020

  Saudi Arabia's Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports.

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  Saudi Arabia’s Tourism Minister: Kingdom Needs to Inject $200 Billion into Industry — Report

  SUSTG Team  |  12. 22. 2020

  Saudi Arabia's tourism minister Ahmed Al-Khateeb dismissed naysayers of the Kingdom's ambitious tourism plans, telling Arab News' Frank Kane in an exclusive interview that the Kingdom’s target of obtaining 100 million visits by 2030 is not overambitious with big investments in the industry.

• U.S.-Saudi

  

  Houston-Based Baker Hughes, Saudi Aramco to Develop Oil, Gas Products Using Nonmetallic Resources

  SUSTG Team  |  12. 9. 2020

  Saudi Aramco and Houston-based Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector, the companies said in a press release.