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Recent stories from sustg
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Saudi gigaprojects update: All you need to know
Writing for Construction Week, Angitha Pradeep provides an update on five (more if you separate Neom’s multiple builds) giga projects ongoing in Saudi Arabia.
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Contract Signed for $1.5 Billion for NEOM High-Speed Railway to Connect Port Development of Oxagon and The Line
Milan, Italy-based Webuild and its joint-venture partner Shibh Al Jazira Contracting Company (SAJCO) have signed a contract worth circa $1.5 billion to design and build 57 kilometers (35.4 miles) of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia which will connect Oxagon and The Line, according to reports.
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Neom’s progress and opening date, Syria comes in from the cold, the Rua Al-Madinah giga-project and much more
Episode 86! The hosts fly solo today with lots to discuss from a busy week in Saudi Arabia. Richard’s One Big Thing is the recent developments on Saudi-Syria relations. Syria has come in from the cold in recent days as the Arab League and Saudi Arabia in particular prioritize engagement with Assad regime to solve […]
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MENA startups Raised $7 Million in April 2023, a 93 Percent Decline Year-on-Year – WAMDA Report
In April 2023, startups based in the Middle East and North Africa raised roughly $7 million, a drop of 97 per cent compared to March 2023 and a 99 per cent drop compared to April 2022, according to a report in Wamda.
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Knight Frank’s Faisal Durrani joins The 966 to talk Saudi real estate, giga-projects and much more
In Episode 84, The 966 speaks with Faisal Durrani, partner and head of Middle East research for the global real estate company Knight Frank. Mr. Durrani shares some of the highlights and key information from Knight Frank’s recently-released 2023 report on real estate in Saudi Arabia, The Saudi Report 2023, a publication which touches on many […]
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Saudi World Cup Coach Hervé Renard, who Led Kingdom Past Champion Argentina in Qatar, to Exit
Hervé Renard has quit as coach of Saudi Arabia’s national team and is set to take over France’s women’s team, according to reports.
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Holy Month of Ramadan Begins for Muslims Around the World; Ramadan Kareem from the SUSTG Team
The Muslim holy month of Ramadan began at sundown on Wednesday, as Muslims around the world celebrated the start of the holy month which begins a period of dawn-to-dusk fasting intended to bring them closer to God and to remind them of the suffering of those less fortunate.
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Royal Decree Names Salman al-Dosary as Saudi Arabia’s new Minister of Media
Saudi Arabia’s King Salman announced a series of Royal Decrees in a minor reshuffling of some top leadership positions.
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Report: Saudi Arabia’s Acwa Power Eyes Three More Giant Hydrogen Plants
Saudi Arabia’s ACWA Power company is looking beyond its already ambitious plan to build a massive green hydrogen plant in NEOM, possibly adding as many as three more plants of a similar size and scale in the Kingdom, according to a scoop from Bloomberg.
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Saudi Arabia Selected as Club World Cup 2023 Hosts after Al Hilal Reached 2022 Final
Saudi Arabia has been selected to host the 2023 Club World Cup in December, FIFA announced on Tuesday in an unanimous vote.
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Real’s Vinicius open to one billion euro Saudi offer, sources say
Real Madrid and Brazil forward Vinicius Jr is open to an offer of more than one billion euros from Saudi Arabia, sources close to the player told Reuters on Monday. Vinicius, 24, was approached by Saudi Public Investment Fund (PIF) officials to inquire about his interest of moving to the Saudi Pro League (SPL) on a five-year contract worth around 200 million euros per season fixed, plus bonuses. The package would also include a separate 10-year contract to become an ambassador for the 2034 World Cup, which is set to be held in the country, but those terms and financial numbers are yet to be discussed.
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Saudi Super Cup 2024 Preview: Quartet set for season curtain-raiser
Exactly 67 days after Al Hilal’s King’s Cup final victory over Al Nassr put the exclamation point on an enthralling 2023-24 Saudi football season, a new campaign begins in the Kingdom on Tuesday with the 11th edition of the Saudi Super Cup. Between 2013 and 2022, the Saudi Super Cup was a one-off match, but this will be the third time in a row it has been run as a four-team tournament, which Al Hilal most recently won just four months ago when the competition was hosted in Abu Dhabi. The 2024 Saudi Super Cup returns to its position as season curtain-raiser in August for the first time since 2018, when Al Hilal beat Al Ittihad.
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US to resume sales of offensive weapons to Saudi Arabia
More than three years after imposing limits on human rights grounds over Saudi strikes in Yemen, the state department said it would return to weapons sales “in regular order, with appropriate congressional notification and consultation”. “Saudi Arabia has remained a close strategic partner of the United States, and we look forward to enhancing that partnership,” the state department spokesperson, Vedant Patel, told reporters.
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Saudi Arabia’s Athir raises new investment round
Athir, a Saudi-based health tech company, has announced the successful closure of its first investment funding round. The round saw participation from Wa’ed Ventures, SHARE Investment Co., and RZM Investment. The “Athir HIS” system is the first fully integrated Saudi system for healthcare facilities, applied in both public and private sectors. This system integrates with various platforms like Absher, Sehhaty, Wasfaty, in addition to hospital healthcare systems and medical insurance management systems.
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Defense secretary orders submarine to Middle East
US Defense Secretary Lloyd Austin ordered a guided-missile submarine to the Middle East and accelerated the arrival of a carrier strike group to the region ahead of an anticipated Iranian attack against Israel, the Pentagon said in a statement Sunday evening. The USS Georgia, a nuclear-powered submarine armed with cruise missiles, was operating in the Mediterranean Sea in recent days, according to the Navy, having just completed training near Italy.
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Chinese Firms Deliver Massive Offshore Oil, Gas Rig to Saudi Aramco
A ultra-large offshore oil and gas collection and transportation platform, which is the biggest of its kind built by Chinese companies for a foreign client, was successfully handed over to Saudi Arabian oil major Saudi Aramco today, marking a new chapter for the country’s giant offshore oil and gas platform construction industry.
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Israel keeps up strikes in Gaza as fears of wider war grow
Israeli forces pressed on with operations near the southern Gaza city of Khan Younis on Monday amid an international push for a deal to halt fighting in Gaza and prevent a slide into a wider regional conflict with Iran and its proxies. Palestinian medics said Israeli military strikes on Khan Younis on Monday killed at least 18 people and wounded several. Meanwhile more families and displaced persons streamed out of areas threatened by new evacuation orders telling people to clear the area.
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Sudan peace talks moving forward, says US envoy
Talks to end Sudan's 16-month war between the army and the paramilitary Rapid Support Forces (RSF) will move forward this week, the U.S.'s special envoy said, despite little sign from either party that they seek a peaceful resolution. The Sudanese army has all but rejected the invitation, while the RSF has continued its costly offensives in parts of the country, despite welcoming the U.S. and Saudi initiative.
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Schindler wins The Avenues – Riyadh project, Saudi Arabia
Schindler Olayan will provide a total of 293 elevators, escalators, and moving walks to the new multi-purpose project The Avenues – Riyadh in the Saudi Arabian capital, which will cover an area of over 1.8 million square meters. Situated in a prime location in the north of Riyadh, The Avenues – Riyadh will, once completed, be home to the largest commercial mall in the Middle East – which alone will cover an area of 388,000 square meters – and comprise five multi-purpose towers that will house hotels, residential apartments, and offices.
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Saudi Crown Prince, South African President Discuss Bilateral Ties
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud held a phone call on Monday with South African President Cyril Ramaphosa to congratulate him for being re-elected, the Saudi Press Agency reported. The two sides also discussed relations and ways to strengthen and develop them in various fields, SPA said. They also reviewed a number of topics of mutual interest, it added.
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