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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
- October 5,2022
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- SUSTG Team
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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Saudi Arabia’s NEOM Sets Target Date of 2026 for First Production of Green Hydrogen
- September 15,2022
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- SUSTG Team
Saudi Arabia’s giga project NEOM will start producing as much as 650 tons per day of green hydrogen in 2026, according to comments made by the CEO of NEOM Industrial City (OXAGON) at the Saudi International Iron and Steel Conference in Riyadh.
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Deputy Minister of Investment for Saudi Arabia Dr. Saad Alshahrani joins The 966, The IMF’s report on Saudi’s economy, and much more
- August 19,2022
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- SUSTG Team
Episode 58! Dr. Saad Alshahrani, Deputy Minister for economic affairs and investment studies at Saudi Arabia’s Ministry of Investment joins The 966 to talk about the Saudi economy, investment opportunities, and reforms in the Kingdom. Dr. Saad also shares his story of studying in the U.S. and journey to becoming a deputy minister. Before the […]
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
- August 10,2022
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- SUSTG Team
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Knight Frank’s Faisal Durrani on real estate trends in Saudi Arabia, the Saudi economy has a big 2Q, and more…
- August 5,2022
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- SUSTG Team
Episode 55! The 966 welcomes Faisal Durrani, Partner and Head of Middle East Research at Knight Frank, the London-based global real estate consultancy. Knight Frank just released two reports on Saudi Arabia’s commercial and residential real estate sectors, providing unique insights into one of the world’s fastest growing real estate markets. Faisal joins The 966 […]
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Report: Saudi, UAE Save Remaining Spare Capacity for Potential Winter Supply Crisis
- August 4,2022
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- SUSTG Team
According to a report in Reuters, OPEC+ production leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output “should the world face a severe supply crisis this winter,” sources familiar with the thinking of the top Gulf exporters told Reuters in an exclusive report.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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Arabian Business’ Announces ‘Most Influential Arabs 2022’
- June 9,2022
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- SUSTG Team
Regional publication Arabian Business has revamped its “Arab Power List” and is introducing the Most Influential Arabs 2022 to “celebrate and recognize the public sector figures, CEOs, founders and presidents, educationalists and financiers, healthcare leaders and entrepreneurs who are making a difference in the world.”
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Saudi-Israeli normalization, women in family businesses in Saudi Arabia, and a conversation with management consultant Jack Fowler from YCP Solidiance
- June 3,2022
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- SUSTG Team
Episode 46! The 966 talks with Jack Fowler, director at the global management consulting firm YCP Solidiance and co-author of a new white paper on Saudi Arabia’s construction industry. But first, the hosts talk about “normalization” between Saudi Arabia and Israel, Saudi women in family businesses in the Kingdom, and then wrap up the week’s […]
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MUST-READS
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US Red Sea coalition weak because regional powerhouses abstained-Yemen VP
The U.S.-led coalition meant to safeguard commercial traffic in the Red Sea against attacks by Yemen's Iran-aligned Houthis is weak because regional powerhouses Saudi Arabia, the UAE and Egypt did not take part, Yemen's vice president said on Tuesday.
The Houthis have been attacking shipping in the Red Sea to protest against Israel's bombardment of Gaza, a war that threatens to spread across the Middle East.
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Scientists unveil blueprint for affordable solar cells to power Saudi Arabia and beyond
The authors of the article, published in Science, include Prof. Stefaan De Wolf and his research team at King Abdullah University of Science (KAUST) and Technology Solar Center. The team is working on improving solar efficiency to meet Saudi Arabia' solar targets.
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Hunt for Critical Minerals Draws World Powers to Saudi Arabia
Government officials and top mining executives descended on Riyadh this week to tap in to the gusher of cash the Saudis are pouring into mining investments. The kingdom is positioning itself at the center of a “super region” extending from Central Asia to the Middle East and Africa, which it says holds at least a third of the world’s natural resources, including critical minerals.
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Hunt for Critical Minerals Draws World Powers to Saudi Arabia
Saudi Arabia—The U.S., China and Russia are racing to secure critical metals needed to power the energy transition away from fossil fuels. Their latest battleground: oil-rich Saudi Arabia. Government officials and top mining executives descended on Riyadh this week to tap in to the gusher of cash the Saudis are pouring into mining investments. The kingdom is positioning itself at the center of a “super region” extending from Central Asia to the Middle East and Africa, which it says holds at least a third of the world’s natural resources, including critical minerals. Robust attendance at a mining conference held in the Saudi capital this week wasn’t solely about sealing financial deals, with foreign governments also eager to cement broader diplomatic relationships with the kingdom.
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Saudi Arabia Powers Up its Green Energy Evolution With Carbon Capture
The Saudi Power Procurement Co. (SPPC) has put out bids for four separate power plant projects, totalling 7,200 megawatts in capacity. Two of these projects, Rumah1 and Rumah2, are slated for the central region, while Nairyah1 and Nairyah2 will be in the eastern region of Saudi Arabia. Each of these projects is designed to produce 1,800MW of power, using natural gas combined-cycle technology and incorporating carbon capture methods. Carbon capture involves the use of various technologies that draw in CO2 from the atmosphere and store it away or use it for other purposes.
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Ancient Saudi city to get world’s longest battery-powered tram
The AlUla Experiential Tramway will run 22km with 17 stations.It will link five historical districts in the ancient oasis city, which is located on the Red Sea coast in Medina province.The company is also supplying 20 of its Citadis trams, equipped with Mitrac B batteries, and what Alstom describes as its “fast and invisible ground-based static charging system”.
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Egypt, Saudi developer ACWA Power invest over $4 billion to develop green hydrogen project
The project’s first phase will have a production capacity of 600,000 tons of green ammonia annually, Shaker revealed. The second phase will expand that number to two million tons per year, he added. For his part, Arcelli emphasized the project's significance, highlighting the role of green hydrogen as the fuel of the future, poised to experience tremendous demand in Europe and beyond.
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Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project
Saudi’s ACWA Power has entered into a power purchase agreement to support South Africa’s largest hybrid renewable power project, enhancing its portfolio of green energy initiatives. The project, known as Project DAO, is currently under construction and has a total cost of approximately $800 million. In addition, the investor consortium for the project includes ACWA Power as the leading developer, along with Thebe Investment Corporation and Aventro Investments.
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Football’s shift of power tilts again to Saudi Arabia at Club World Cup
It turns out things are not always that straightforward. Benzema’s poor effort was parried by Mohamed El Shenawy; Al-Ahly went on to win 3-1 on Friday evening and, by full time, most of the home support had left. An hour later, N’Golo Kanté and Fabinho trudged dejectedly on to the bus, offering a reminder that you cannot always microwave seamless cohesion into a group of superstar imports. Anyone wondering if they had been watching a fast-tracking of Saudi Pro League arrivistes to the verge of global domination was obliged to discard their tinfoil hat.
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As Saudi Arabia gives shape to NEOM, Enowa is out to power it
NEOM aims to be home to the world’s first large-scale 100 per cent renewable energy system by 2030, providing abundant, affordable energy to residents and industries. It’s an interesting challenge because, on a personal level, if you join the team with an attitude of ‘I’ll just bring my experience and that’s going to be enough’, it’s probably not going to work. Because while a number of us have worked on legacy systems, that skillset alone is not going to allow us to build a new renewable system from scratch.
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