Analysis

PUBLIC INVESTMENT FUND

PIF Acquires Stake in Jasara Program Management Co., Agrees to $10b Loan Terms

• SUSTG Team
• |
• 7. 16. 2019

Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Jasara Program Management Co., a joint venture between Saudi Aramco and Jacobs Engineering Group, three people familiar with the matter told Bloomberg.

• Industry

  

  ‘Expanded Reach’ for SIDF to Mining, Logistics and Energy Projects – Report

  SUSTG Team  |  7. 10. 2019

  Saudi Arabia is reportedly expanding the reach of its $28b Saudi Industrial Development Fund (SIDF) to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.

• U.S.-Saudi Relations

  

  Princess Reema bint Bandar al-Saud Presents Credentials to President Trump at White House

  SUSTG Team  |  7. 9. 2019

  Saudi Ambassador to the United States Princess Reema bint Bandar al-Saud presented her credentials to President Trump at the White House on Monday, officially beginning her tenure as the Kingdom’s new top diplomat in Washington.

• Iran

  

  Saudi Desalination Plant Struck by Missile from Yemen, U.S. Drone Shot Down – Reports

  SUSTG Team  |  6. 20. 2019

  A Saudi desalination plant was struck by a missile that appeared to come from within Yemen, according to reports.

• Seven Wonders of Arabia

  

  Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 1: Madain Salih

  SUSTG Team  |  6. 14. 2019

  Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia - the best heritage sites and historical places in the Kingdom.

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  UK Petrochemical Company INEOS will Invest $2bn to Build Three Plants in Saudi Arabia

  SUSTG Team  |  6. 3. 2019

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  Vision 2030 economic reforms ‘have started to yield positive results’ in Saudi Arabia, IMF says

  SUSTG Team  |  5. 16. 2019

• Economy

  

  Bloomberg Economics: Rising Private Sector Spending, Fiscal Stimulus Boost Non-Oil Economy

  SUSTG Team  |  5. 10. 2019

  Rising private sector consumption and government fiscal stimulus measures are expected to give a boost to the non-oil Saudi economy, Bloomberg Economics reports.

• Travel and Tourism

  

  Saudi Arabia Replaces Head of Civil Aviation by Royal Decree Amid Airport Delays

  SUSTG Team  |  5. 8. 2019

  Saudi Arabia replaced the head of its civil aviation authority on Wednesday, Reuters reports, appointing Abdelhadi Al-Mansouri president of the General Authority for Civil Aviation (GACA).

• Oil Markets

  

  Al-Falih Signals ‘Wait and See’ Approach to Trump’s Harsher Iran Oil Sanctions

  SUSTG Team  |  4. 23. 2019

  The recent decision by President Trump to end all Iran sanction waivers by May was welcomed in Saudi Arabia, but the Kingdom indicated it would respond cautiously with decisions on oil production.