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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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Lydia Ko Wins Aramco Saudi Ladies International by Five Shots
- November 8,2021
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- SUSTG Team
Lydia Ko shot a 65 in the final round on Sunday of the Aramco Ladies International to win the tournament by five strokes. Ko shot a 63 on Saturday to take a four stroke lead going into the final day of the tournament, tying the course record and helping her achieve a winning score of 23 under […]
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Second Aramco Saudi Ladies International Golf Tournament Begins at Royal Greens; Pederson Looks to Defend Title
- November 4,2021
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- SUSTG Team
The second Aramco Saudi Ladies International presented by the Public Investment Fund kicks off today at the Royal Greens club in King Abdullah Economic City, Saudi Arabia, with defending champion Emily Kristine Pedersen seeking to fend off a host of rivals on the Red Sea.
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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
- November 2,2021
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- SUSTG Team
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment
- October 27,2021
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”
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The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise
- October 22,2021
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- SUSTG Team
This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul’s 15-year high, and the rising cost of solar energy components in Saudi Arabia.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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The 966 – Episode 6: A Multi-Billion Dollar EV Investment in Saudi Arabia, Power Demand in the Kingdom, and Economic Free Zones?
- October 15,2021
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- SUSTG Team
In episode 6 this week, the hosts discuss an Australian company that is making a big bet on electric vehicles in Saudi Arabia with a massive mining investment, the use of power in Saudi Arabia flattens out, and the Kingdom explores the possibility of economic free zones to attract foreign investment in Saudi.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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MUST-READS
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Saudi Arabia Takes a Step Closer to Achieving Nuclear Power
The Gulf Arab power is implementing broader monitoring guidelines with the International Atomic Energy Agency and rescinding an outdated set of rules that have hindered its nuclear program, Energy Minister Prince Abdulaziz Bin Salman Al Saud said Monday in Vienna. “The kingdom is committed through its policy on atomic energy to the highest standards on transparency and reliability,” Prince Abdulaziz said in prepared remarks at the IAEA’s annual general conference. The move means that Saudi Arabia will be able to access supplies of fissile material and begin operating its first reactor, a small research unit built with the assistance of Argentina. The change will also support the Gulf Arab nation’s first tender for nuclear power plants.
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Energy minister unveils Saudi Arabia’s plan to build first nuclear power plant
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the Kingdom, in close cooperation with the International Atomic Energy Agency (IAEA), is actively working to develop peaceful uses of nuclear energy in various fields. This includes the Kingdom’s National Atomic Energy Project, which encompasses the establishment of the first nuclear power plant in the country, the minister said while addressing the 67th General Assembly meeting of IAEA in Vienna, the Saudi Press Agency reported.
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The India-Middle East Corridor: A new Silk Route or diplomacy by PowerPoint?
A project mooted for decades to lay 2,117km of rail track connecting the Gulf Cooperation Council member states has never fully materialised. But some say IMEC will be different. Whereas a transit corridor may have been something of a pipe dream just a decade ago, the culmination of the Abraham Accords - together with shifting political and economic reconfigurations in the Middle East, in which new players like China and India have rapidly gained new levels of influence - has created high stakes for such a project to succeed.
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Maritime industry explores nuclear power for ships as technology opens up
The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 years away they added. Shipping accounts for nearly 3% of global CO2 emissions and the industry is under pressure from investors and environmentalists to find cleaner fuel solutions, which include ammonia, methanol and wind.
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Solar farm to power water treatment at Amaala resort in Saudi Arabia
Red Sea Global (RSG) has signed a 25-year concession agreement with French utility EDF and UAE green energy supplier Masdar on a solar-powered water treatment system for the 3,800-sq-km Amaala luxury tourist project in northwest Saudi Arabia. The two companies will finance, design, build, and operate a solar farm, complete with battery storage system, desalination plant and a wastewater treatment facility.
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What Electricity Sources Power the World?
Coal still leads the charge when it comes to electricity, representing 35.4% of global power generation in 2022, followed by natural gas at 22.7%, and hydroelectric at 14.9%.
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First HVDC Undersea Power Project In The Developing World and Saudi Entry Into Exporting Renewable Power
A few days ago, private companies in India and Saudi Arabia signed over two dozen agreements on a wide variety of subjects. This article will focus on the building of a High Voltage Direct Current (HVDC) undersea line which would allow power to be transmitted in both directions between the two countries, and beyond (if more lines are built beyond those countries). This is part of a greater initiative for the countries of the region to work more closely to advance their economies. This article describes the agreement as being between the governments instead of between the private companies. I’m not sure which is accurate, but either way, they plan to work together.
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Turkey Energy Minister Says Nuclear Power Program Deal With China Soon
Energy Minister Alparslan Bayraktar said talks can be finalized “in a few months’ time” after Chinese officials recently visited the likely site of the future plant, near the borders with Bulgaria and Greece. “We’ve been in talks with a Chinese company for a very long time,” Bayraktar told reporters in a press conference on Thursday, adding that any differences aren’t major obstacles. “So we will be able to fill the gaps and strike a deal soon with China for the nuclear power program.”
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Saudi Arabia’s Acwa Power signs clean energy agreements with Chinese companies
Saudi Arabia's private utility developer Acwa Power has signed initial agreements with two Chinese companies to bolster collaboration in areas such as green hydrogen and ammonia, and renewable energy. The agreements were signed with state-owned China Southern Power Grid International Company and clean energy company MingYang Smart Energy Group, Acwa Power said in a statement on Wednesday. “Acwa Power has been at the forefront of this co-operation, and we are excited to continue working with our Chinese partners to build a more sustainable future,” said Mohammad Abunayyan, chairman of Acwa Power.
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Israel’s democracy is at a crossroads as its top court debates a law limiting its power. Here’s what to know.
Israel’s Supreme Court opened hearings Tuesday on a law to curb its powers, in a case that could set the judiciary on a collision course with Prime Minister Benjamin Netanyahu’s hardline government after months of mass protests over the controversial legislation. The court is hearing arguments for and against the first part of Netanyahu’s judicial overhaul plan to pass parliament – a law that restricts the court’s ability to nullify government actions it deems “unreasonable.” Beyond the legal questions surrounding the law and the justices ruling on their own powers remains the question of whether Netanyahu’s government would even abide by a court ruling – possibly months away if it comes – striking down the law. That would set Israel up for an unprecedented judicial and political crisis.
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