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Saudi Arabia to Serve as Launch Point for Major Cruise Line for First Time in 2021
- May 5,2021
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- SUSTG Team
Saudi Arabia will become the launch point for a major cruise line for the first time later this year, CNN reports, with MSC Cruises operating a new series of voyages exploring the Red Sea coast of the Kingdom.
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IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021
- May 4,2021
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- SUSTG Team
The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.
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Saudi Arabia Crown Prince: U.S., Saudi Arabia Still ‘Brothers’, Says Differences Minimal
- April 28,2021
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia said in televised remarks aired on Tuesday in the Kingdom that the United States was still a strong strategic partner under the Biden administration and that Riyadh and Washington had only a few differences which it was working to resolve.
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Saudi Arabia Sees a Surge in Foreign Investment into the Kingdom in 2020 Despite the Global Pandemic
- April 26,2021
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- SUSTG Team
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 […]
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
- April 15,2021
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- SUSTG Team
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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New KAPSARC Paper Examines Economic Diversification Under Saudi Vision 2030
- April 14,2021
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- SUSTG Team
A new paper published by the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Saudi Arabia examines the Kingdom’s advances in economic diversification so far under Saudi Arabia’s Vision 2030 social and economic reform plans, launched in 2016.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
- April 12,2021
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- SUSTG Team
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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MUST-READS
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Vision 2030AGSIW: The Youth Appeal of Saudi Vision 2030
The directness of MbS’ responses and his emphasis on transparency and periodic performance evaluations of government bring a new aura of business and accountability to the kingdom that is crafted to resonate with younger Saudis raised on the open communication of social media.
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Saudi Oil PolicyPerspective: Saudi Arabia ‘changes oil minister to meet Vision 2030 reform challenge’
"Al-Naimi's removal is less a reflection on [his] policies, which really have carried the kingdom through two decades of highs and lows in the oil markets, than a reflection of the tough scope of the work ahead in Saudi Arabia" Emily Hawthorne, Middle East analyst at political consultancy Strafor, told CNBC's "The Rundown".
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Vision 2030Perspective: Is Saudi Vision 2030 realistic?
I think there are critical aspects of this vision that have yet to gain full attention. Social values, as the vision says, “will be based on moderation, tolerance, perfection, discipline, justice, and transparency, and our focus will be on achieving growth of these values and areas.”
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Vision 2030Vision 2030 will consolidate financial stability: Assaf
Al-Assaf said that the Vision will focus on spending efficiency, financial balance, diversification of revenues, and reform of the subsidy system, the Saudi Press Agency reported.
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Vision 2030Saudi Arabia: Saudi Vision 2030 sets out post-oil economic transformation plan
Vision 2030 is a testament to the seriousness with which the authorities view the impact of the slide in oil prices on the economy and, by implication, on the socio-political compact that has defined state-society relations.
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Hotel RoomsSaudi’s Vision 2030 aims to double hotel sector
Saudi Arabia plans to more than double its number of hotel rooms as part of it's 2030 vision to diversify away from oil.
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Vision 2030Vision 2030 and solar energy: A timely development
Much has already been said about the potential for the Kingdom of Saudi Arabia to harness the power of solar energy. In the years that I’ve been in the solar energy industry, rarely a conference goes by that does not have a segment dedicated to talking about the country and how renewable energy must be factored into its future.
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Saudi Vision 2030Full Text of Saudi Arabia’s Vision 2030
The Council of Ministers endorsed during its session on Monday under the chairmanship of Custodian of the Two Holy Mosques King Salman Saudi Arabia’s Vision 2030.
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Saudi Vision 2030Saudi deputy crown prince gives Al Arabiya first-ever TV interview to Coincide with Saudi Arabia’s 2030 vision launch
The wide-ranging television interview, which is the first-ever given by Prince Mohammed, has been taped and will air on Monday, April 25. The airing will coincide with the announcement of Saudi Arabia’s 2030 vision.
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