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Crown Prince Mohammed bin Salman, Other Top Saudi Officials Get Vaccinated Against Coronavirus
Crown Prince Mohammed bin Salman and top Saudi officials have begun receiving their first dose of the Coronavirus vaccine, imported to the Kingdom earlier this month and rolled out on December 17th, according to the Saudi Press Agency. Wearing a black thobe with his left arm bare to receive the shot, the Crown Prince made a point to ensure […]
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Saudi Arabia Unveils 2021 Fiscal Budget with Spending Reductions, Eying Economic Rebound
Saudi Arabia unveiled a new budget for the 2021 year, cutting spending to rein in a fiscal deficit brought on by a lower oil prices in 2020 and adjusting the Kingdom’s fiscal strategy to a post-Coronavirus pandemic era.
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Saudi-Owned Lucid Motors Completes Phase 1 of Arizona Factory Build, Eyes 2021 Production
Saudi-owned Lucid Motors, a forthcoming EV rival to Tesla, announced that it completed the first phase of construction at its factory in Arizona, eying production of up to 400,000 electric cars per year at the facility after future expansions. Lucid completed the first phase of construction of its factory in Casa Grande, Arizona, and is aiming to start […]
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Saudi Arabia, Yemen’s Houthis on Cusp of ‘Breakthrough’ Deal if Buffer Zone Established – Report
Saudi Arabia and Yemen’s Iran-backed Houthis are on the cusp of a “breakthrough” nationwide ceasefire agreement, Reuters reports, on the condition that the Houthis agree to an establish a buffer zone between the two countries.
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Saudi Arabia Announces Planned Reforms to Expatriate Labor System, in Place for Seven Decades
Saudi Arabia on Wednesday announced plans to abolish the seven-decade-old labor sponsorship system known as “kafala” in the Kingdom, a step forward for the country’s modernization drive and economic reform plans, according to reports.
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Saudi Arabia’s Gas Production Hits All-Time High as Push Into Sector Pays Off
Saudi Arabia’s heavy investments to expand natural gas production in recent years is paying off in the form of record production of the fuel, according to Bloomberg, which cited latest figures from Saudi Aramco’s third-quarter results released on Tuesday.
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Saudi Arabia’s MoFA Issues Statement Condemning Terrorist Attack in Nice, France
Saudi Arabia’s Ministry of Foreign Affairs issued a statement strongly condemning the terrorist attack that occurred near the Notre Dame church in Nice, France, where three people were killed in a knife attack Thursday morning.
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Road to the G20: This Week’s Meetings Include Youth-Focused Y20, Finance Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the Y20 youth-focused group, as well as finance-focused meetings.
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Virginia-Based SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment, a press release issued by the company confirms.
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Saudi Leaders Pay Tribute to Late Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah
Saudi leaders expressed their tributes and condolences to the people of Kuwait following the passing of the Gulf nation’s emir, Sheikh Sabah al-Ahmad al-Sabah, who died at the age of 91.
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Container traffic at Saudi ports up 14.6% in 2023
Saudi Arabia’s ports have witnessed a 14.6% increase in inbound and outbound container traffic during FY 2023 when compared to the year before, according to the General Authority for Statistics (GASTAT) which issued the kingdom’s Maritime Transport Statistics Publication results for 2023. The figures also show a 33.8% increase in ship traffic at the kingdom’s ports in 2023 compared to 2022. The total ship traffic at Saudi ports stood at 19,082.
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Tourism new driver for enhancing Saudi Arabia’s rating: S&P
The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of the new factors supporting the Kingdom’s credit rating.
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Commentary: The myths that are building the Saudi nation
To the Western eye, it might seem that MBS is showing the world that the new Saudi Arabia is a young and flashy amalgam of construction sites and sci-fi city planning, with a dash of esports and AI thrown in. But this is all merely window dressing. Scratch a little deeper and it’s not just a new city that is being built. Behind the scenes, something deeper and far more interesting is going on. The Kingdom is recasting its whole national identity.
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Saudi Arabia National Day 2024 – Google Doodle
Today’s Doodle celebrates Saudi Arabia’s National Day! On this day in 1932, Saudi citizens celebrated the establishment of the Kingdom of Saudi Arabia.
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Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors
Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.
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2,000 people celebrate Saudi National Day with historic run through Jeddah
About 2,000 men, women and children took part in the Jeddah Green Spirit Run on Friday, setting off from Bab Jadeed in the heart of the city’s Historic District. Organized by Masafat Club, in collaboration with the Ministry of Sports, Sports for All Federation and Jeddah Historic District, the 5 km and 2 km races were held to mark Saudi National Day.
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Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman
Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday evening to discuss regional security challenges and our mutual interest in deterring aggression and reducing tensions across the region. They agreed to continue strengthening the United States-Kingdom of Saudi Arabia defense partnership to help restore stability and calm to the region.
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Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway
In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.
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Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024
According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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Saudis put on show of soft power as Wembley turns green and white
Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.
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