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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
- March 4,2016
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- SUSTG Team
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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Video: Manifa – The Planning Behind Saudi Arabia’s Complex Offshore Oil Field
- February 23,2016
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- SUSTG Team
Saudi Arabia’s Manifa offshore oil field is a huge development just off of Saudi Arabia’s northeast coast. The field exists in harmony with large underwater areas where wildlife and coral reefs are thriving, and is the size of Manhattan. A video by Saudi Aramco on the company’s YouTube channel highlights the project’s extensive scope and engineering. It is the […]
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How Long Does Saudi Arabia Have Until it Runs Out of Groundwater?
- February 12,2016
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- SUSTG Team
Water supply for the Saudi Arabia is among its foremost challenges. In 2013, SUSTG wrote about the obstacles facing water sustainability for Saudi Arabia. Some experts predicted full water depletion by 2050 if nothing is done. However, a new local study done by the King Faisal University finds that Saudi Arabia’s timetable for water is […]
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Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
- February 1,2016
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- Lucien Zeigler
Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh. Saudi […]
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U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
- January 25,2016
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- SUSTG Team
On January 24, 2016 at the Council of Saudi Chambers of Commerce building the U.S.-Saudi CEO Summit kicks off a focused, high-level private-sector initiative to assess the U.S.-Saudi commercial and business environment in order to enhance bi-lateral trade, investment and cooperation. The Saudi-US Trade Group team is in Riyadh to participate in the inaugural U.S.-Saudi […]
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Fitch: 2016 Saudi Budget ‘Contains Significant Reforms and Follows Notable Expenditure Restraint’
- January 6,2016
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- SUSTG Team
In a recently released statement by Fitch Ratings, the agency said Saudi Arabia’s 2016 budget “contains significant reforms and follows notable expenditure restraint during the second half of 2015, but the fall in oil prices means that the deficit/GDP ratio will again be in double-digits.” The 2016 budget outlines measures to “rationalize expenditure, increase non-oil […]
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Early Look at Saudi Arabia’s 2016 Budget Reveals Spending at $226b
- December 28,2015
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- SUSTG Team
Saudi officials revealed the Kingdom’s 2016 budget at a press conference today in Riyadh, a budgeted spend of 840 billion riyals ($224 billion) and forecasted revenue at 513 billion ($137 billion). The budget plan aims to reduce the fiscal deficit while raising revenues from sources other than oil. King Salman said that Saudi Arabia’s economy […]
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‘The key challenges are our overdependence on oil and the way we prepare and spend our budgets’, Saudi Deputy Crown Prince Mohammed bin Salman Says to NYT Columnist Friedman
- November 25,2015
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- SUSTG Team
In an op-ed published today in the New York Times, columnist Tom Friedman discussed his recent visit to Saudi Arabia and the seismic shift in governance in the Kingdom over the last year. The columnist spent an evening with one of the Middle East’s most powerful leaders, Deputy Crown Prince Mohammed bin Salman, and said the […]
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Storms Pound Saudi Arabia as Floods in Jeddah Claim 12 lives
- November 18,2015
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- SUSTG Team
At least 12 people are dead as torrential rains have flooded Jeddah, Saudi Arabia’s second-largest city, as thunderstorms reportedly turned “wadis into rivers and alleyways into raging torrents.” Local meteorologists report the city received 22 millimetres (.86 inches) of rain over a few hours. Two people were electrocuted when they touched a lamp post as they […]
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KAUST Announces New Partnership with Dow, Launches Venture Capital Fund with ICD
- November 13,2015
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- SUSTG Team
Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) announced two new partnerships this week, including a R&D agreement with Dow Chemical and the creation of a venture capital fund with the Islamic Corporation for the Development of the Private Sector (ICD). The university’s campus is now the future home of the new Dow Middle East […]
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MUST-READS
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You need to worry about your ‘virtual water’ consumption
On the other side of the virtual water trade are places like some Gulf countries, which currently must import over 85 per cent of their food. According to PWC, a global accounting firm, nearly all rice is imported, as is 93 per cent of cereals, 62 per cent of meat and 56 per cent of vegetables. That level of virtual water demand must factor into the regional conversation on sustainability, including food self-sufficiency and food security.
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Hydrogel: A Promising Solution for Water Scarcity in the Middle East?
Over half of Jordan’s water is “non-revenue,” meaning it is lost to leaks or theft. Yet, the state struggles to crack down on water-related corruption. Every year, millions of cubic meters are pumped out of the ground illegally through unlicensed wells. And to satisfy powerful local elites, water-intensive farms continue to operate in unsuitable desert regions, where they draw heavily on underground water.
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Saudi Arabia invites interest in Al-Haer PPP wastewater project
The Al-Haer ISTP is planned to have a sewage treatment capacity of 200,000 cubic metres a day (cm/d), and will be located in the capital city of Riyadh. The successful developer will form a special purpose vehicle (SPV) to operate and maintain the plant under a 25-year sewage treatment agreement (STA) with SWPC. SWPC’s obligations will be supported by a credit support agreement from the Saudi government.
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Fifth FII to discuss ways to invest in clean water, education, public health, gender equality and fighting poverty
The Future Investment Initiative (FII) Institute CEO Richard Attias revealed that the fifth edition of FII, which will be held in Riyadh between Oct. 26 and 28 under the theme “Invest in Humanity”, would bring together more than 2,000 missions and 5,000 participants due to restrictions.
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Manila Water bags new seven-year contract in Saudi Arabia
In an emailed statement, Manila Water said its consortium with French water distributor Saur Group and Saudi’s Miahona Company to undertake the operation of water and environmental treatment services in the eastern cluster of the largest oil producer in the Middle East.
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Desalination and wastewater treatment plants in Saudi Arabia
The Saudi Water Partnership Company (SWPC) plans to grant concessions for the construction and operation of a total of 14 desalination plants and 12 wastewater treatment plants, to be undertaken through public-private partnerships, seeking to attract investors from all over the world.
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Saudi Agtech Startup Red Sea Farms Is On A Mission To Enable MENA Farms To Grow Crops Using Saltwater
Established in 2018, the agtech startup uses its proprietary smart system involving solar and growth monitoring technologies to use saltwater to grow crops or reduce freshwater usage in irrigation and cool greenhouses, which also saves energy.
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Saudi Arabia launches G20 water platform
During the Saudi G20 presidency, the water team conducted the first G20 Dialogue on Water meeting and prepared a water policy paper titled “Fostering Sustainable and Resilient Water Management Globally.”
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Green hydrogen projects will stay dry without a parallel desalination market to provide fresh water
The current pipeline of projects aims to produce about 30 million tonnes of hydrogen per year by 2040, with an annual requirement of 620 million cubic meters of purified water. More than 70% of these hydrogen electrolyzer projects will be located in water-stressed areas such as Spain and Chile, and as a result nearly 85% of the hydrogen capacity lined up for 2040 may need to source water supply via desalination.
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This is how Saudi Arabia’s NEOM is working towards sustainable water management and treatment
NEOM is progressing several water projects to support its water ambitions, which will come to fruition soon. These include a state-of-the-art water desalination plant that produces zero liquid discharge and captures brine for utilization in numerous ways and a water research centre to determine innovative uses for brine, such as creating new materials for building and product manufacture. In addition, NEOM is exploring new ways of using concentrated solar power (CSP) to develop new desalination approaches.
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