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Bechtel Appoints Abdulrahman Al-Ghabban as New Country Manager in Saudi Arabia
- June 19,2017
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- SUSTG Team
Bechtel, a global leader in engineering, procurement, and construction, today announced the appointment of Abdulrahman Al-Ghabban as country manager in Saudi Arabia. Al-Ghabban will lead Bechtel’s business and operations in the Kingdom. Al-Ghabban said “I am honored to be the first Saudi national to hold the position as country manager for one of the most […]
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$1.4b in Defense Contracts Approved by State Department as Senate Eyes Debate
- June 6,2017
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- SUSTG Team
The U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, the first fraction of a $110 billion arms deal U.S. President Donald Trump agreed to with Saudi Arabia when he visited in May. The announcement by the State […]
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New Video Shows How Riyadh Metro Will Transform Saudi Capital
- May 26,2017
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- SUSTG Team
Riyadh’s new metro project is already transforming the face of the city, and will change how its citizens get around in the Saudi capital. There is no large-scale public transportation system currently in place in the city, and the city’s traffic situation reflects this reality. A new graphical video released on YouTube by The Business […]
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VAT Draft to Hit General Authority of Zakat and Tax in ‘Weeks’
- May 25,2017
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- SUSTG Team
Saudi Arabia’s General Authority of Zakat and Tax will publish the value-added tax (VAT) draft on its electronic portal within the next two weeks, Reuters reports, citing local media reported. The General Authority for Zakat and Tax announced on Sunday that the implementation of 5% VAT starting January 2018 “will have no exceptions.” This 5% […]
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New Life for the 15 Year Old Abdullah Arab Peace Initiative?
- May 24,2017
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- SUSTG Team
At a summit in Beirut in March 2002, then-Saudi Crown Prince Abdullah unveiled an initiative to achieve peace between Israelis and Palestianians. The Arab Peace Initiative set out a comprehensive proposal calling for full Israeli withdrawal from all the Arab territories occupied since June 1967, Israel’s acceptance of an independent Palestinian state with East Jerusalem as […]
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Counting The US-Saudi Deals: A Look at What We Know So Far following President Trump’s Visit to Saudi Arabia
- May 23,2017
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- SUSTG Team
Bloomberg and naturalgasintel.com feature a thorough rundown of all of the deals that were announced during the recent visit by President Donald Trump to Saudi Arabia. While the total remains unknown, the deals are estimated to be valued between $300 and $400 billion. Aerospace, Arms and Defense – $110 billion U.S. Department of Defense and Saudi […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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Trump’s First Foreign Trip as President is to Saudi Arabia
- May 5,2017
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- SUSTG Team
President Donald Trump will visit Saudi Arabia as his first foreign trip since taking office, a sign of the Kingdom’s importance as an ally and trading partner to the United States. The trip will also include visits to Israel and the Vatican, meaning that Trump will be visiting the spiritual centers of Islam, Judaism and […]
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‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
- April 28,2017
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- SUSTG Team
After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]
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MUST-READS
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Master Gas ProgramSaudi Aramco awards major gas pipeline EPC contract to Saudi KAD
State oil giant Saudi Aramco has awarded a major contract to Saudi KAD, a leading engineering, procurement and construction (EPC) company for its strategic pipeline projects related to the Master Gas Program Phase II, and the Fadhili Gas Program.
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Aramco IPOPoll: Saudi Aramco’s IPO a watershed moment across the region
A significant majority of senior executives across the Arabian Gulf expect Saudi Aramco’s planned IPO to help capital markets throughout the region, attracting new investors and boosting liquidity, according to new research commissioned by The National.
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Aramco IPOJapan PM adviser says no government plan to invest in Saudi Aramco
But Yasutoshi Nishimura said in an interview that Japan may jointly invest with Saudi Arabia's government in industrial ventures in the kingdom to help its drive to develop non-oil industries.
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Saudi AramcoWill Saudi Aramco Be Able To Purchase Houston Refinery?
At a time when U.S. and Saudi relations are strained, the Saudi Arabian Oil Company is reportedly leading in a race to buy a large refinery in Houston. Certainly, politics and geopolitics cannot stay out of such move by the Saudi company, but it seems that Aramco has solid business reasons, as well as political ones, to bid for the Houston Refinery, which Dutch chemicals company LyondellBasell Industries NV (NYSE:LYB) is reportedly putting up for sale.
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Saudi Aramco-MotivaSaudi Aramco-Motiva in lead to buy Lyondell’s Houston refinery: Sources
Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy Lyondell Basell Industries Houston refinery, according to three sources familiar with the matter.
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Vision 2030Analysis: A Desert Mirage: Saudi Aramco’s IPO and the 2030 Vision Update
Our sources indicate that the Saudi Vision 2030 is undergoing an overhaul based on creating more specific, quantifiable objectives to better manage and measure implementation.
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Shipbuilding and RepairSaudi Aramco extends bidding for marine terminal work – sources
Saudi Aramco has said it expects the complex, which is projected to create 80,000 jobs and allow Saudi Arabia to reduce its imports by $12 billion as well as increase gross domestic product by $17 billion, will be fully operational by 2021.
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Aramco IPOSaudi Arabia Said Poised to Add Boutique for Aramco IPO
Saudi Arabian Oil Co. is poised to choose an adviser from a list of boutiques for what could be the biggest initial public offering ever, a major coup for one of the smaller banks in an otherwise sluggish year for listings.
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Mizuho FinancialJapan’s Mizuho Plans Saudi Expansion as Aramco IPO Tempts Banks
Japanese banks are building up business overseas to counter slowing loan demand and sub-zero interest rates at home. Mizuho has participated in more than 30 foreign direct investments in Saudi Arabia over the past five years.
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Saudi AramcoSaudi Aramco-Motiva in lead to buy Lyondell’s Houston refinery: Sources
Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy Lyondell Basell Industries Houston refinery, according to three sources familiar with the matter. An announcement of the sale by Lyondell is expected this week, the sources said.
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