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Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
- April 11,2012
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- SUSTG Team
This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]
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Al-Rabiah moves to push foreign trade and investment
- April 11,2012
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- SUSTG Team
Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]
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Critical Commercial and Economic Ties: Interview with Jose Fernandez
- April 3,2012
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- SUSTG Team
The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]
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Saudi Arabia will act to lower soaring oil prices
- March 29,2012
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- SUSTG Team
In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]
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“Out in the Blue” Part 9 of Video Series “Distant Arabia”
- March 28,2012
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- SUSTG Team
In this clip excerpted with permission from the documentary The Prize: The Epic Quest for Oil, Money and Power based on the book of the same name by Daniel Yergin, the story of Tom Barger’s first journey to Saudi Arabia is related through his movies and letters. The complete story is told in Barger’s book […]
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GE wins $200mn power plant conversion contract in Saudi Arabia
- March 27,2012
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- SUSTG Team
GE said it has received a contract for nearly $200 million to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Co.’s (SEC) PP10 power plant from simple to combined-cycle operation. The project will add 1,300 MW to the plant’s capacity. “The conversion to combined-cycle operation is […]
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Secretary of State Clinton to Visit Saudi on Friday and Saturday
- March 26,2012
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- SUSTG Team
Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]
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Saudi Arabia Jeddah Weddings
- March 23,2012
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- SUSTG Team
I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]
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Car-nage
- March 20,2012
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- SUSTG Team
In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]
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Saudi Arabia to host first high-level meeting of the Global Coalition for Two-State Solution on October 30
In his speech, Deputy Minister Al-Khereiji emphasized the importance of enhancing the efforts of the Union for the Mediterranean to promote regional security, particularly at a time when the region urgently needs decisive action to halt ongoing escalations, violence, and destruction. He stated, "The Israeli aggression in Gaza and Lebanon has brought the region to a critical crossroads, placing the international community before two existential choices: either to act effectively to support international law and promote a two-state solution, or risk further escalation and deepening suffering, undermining the credibility of international efforts to maintain peace and security in the region."
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Saudi teenager helps connect highschoolers with new opportunities
The young founder’s story begins in 2007, when he was born in Virginia, US, to a Saudi father and American mother. When he was two his family moved to Riyadh where he enrolled in Manarat Al-Riyadh International School (MARIS) and studied there from kindergarten to 12th grade. Approaching the last few years of high school and struggling to find extracurricular projects, Al-Qahtani took it upon himself to create SEFS. He told Arab News that his aim is “to create an online portal for students to connect with new opportunities across all Saudi Arabia … I decided to create something I wished I had at the time. My thought process is if something needed is missing then I need to fill that gap.”
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Saudi Arabia’s PIF pivots to domestic focus, eyes AI revolution, says Al-Rumayyan
“AI could add nearly $20 trillion to the global economy by 2030,” Al-Rumayyan stated, highlighting Saudi Arabia’s ambition to become a global AI hub. The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capital giant Andreessen Horowitz. Since its launch, the FII has facilitated deals worth over $125 billion, demonstrating Saudi Arabia’s growing influence in global investment circles. Al-Rumayyan highlighted that while financial returns remain important, investment decisions must balance economic, social, and environmental outcomes.
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World must do more to ensure Middle East security, Saudi minister tells Mediterranean Union
The Saudi deputy foreign minister, Waleed Elkhereiji, spoke at the Union for the Mediterranean’s ninth Regional Forum in Barcelona on Monday about the importance of efforts to enhance regional security, at a time when decisive and practical international action is required to halt a continuous cycle of violence and destruction. He said the region is at a critical crossroads as a result of Israeli aggression in Gaza and Lebanon, which presents the international community with two options: to act effectively in support of international law and to reinforce the need for a two-state solution to the wider Israeli-Palestinian conflict, or to risk further escalations and deeper suffering that undermines the credibility of international efforts to maintain peace and security in the region.
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Saudi Arabia’s FDIs top set agenda, says Al-Falih
The growth of the Saudi gross domestic product since the launch of Vision 2030 reached 70%. During the same period, the local economy ranked the second fastest growing among the G20 nations, despite the oil market shocks and geopolitical turmoil, said the minister in a speech on the first day of the Future Investment Initiative Summit held in Riyadh.
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Saudi Arabia says 540 companies have chosen Kingdom for regional headquarters
Saudi Arabia’s investment minister said on Tuesday the number of companies in the Kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500. “Our target was 500 regional headquarters by 2030. I’m glad to announce we have reached 540 by this morning,” Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.
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Passenger traffic at Saudi airports rise to 94M in 9M 2024
The General Authority of Civil Aviation (GACA) said that Saudi Arabia’s airports received 94 million passengers in the first nine months of 2024, a rise of 15% year-on-year (YoY). GACA said the number of flights increased by 10% YoY, while the volume of air freight rose by 52% YoY.
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Saudi Arabia to maintain crude oil output at 12.3M bpd: Energy Minister
Energy Minister Prince Abdulaziz bin Salman said today, Oct. 29, that Saudi Arabia is committed to maintaining crude oil production capacity at 12.3 million barrels per day (bpd). Speaking at the Future Investment Initiative (FII) in Riyadh, the minister added that the Kingdom continues to strengthen and modernize renewable energy transmission lines. He pointed out that Saudi Arabia is ready to export green hydrogen, while ensuring its availability for investors coming to the Kingdom to invest in hard-to-abate sectors.
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Saudi Arabia’s Nabt raises $1.5 million Seed led by Merak Capital
This funding will enable Nabt to accelerate product development and expand its market reach, supporting efforts to transform Saudi Arabia’s fresh produce ecosystem. Founded in 2022, Nabt operates a B2B marketplace connecting farmers directly with businesses, promoting transparency, efficiency, and sustainability. These initiatives contribute to food security in the Kingdom and align with the objectives of achieving self-sufficiency in food production.
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Saudi: Herfy Food swings to losses in 9M-24; revenues down
Herfy Food Services Company shifted to net losses valued at SAR 56.61 million in the first nine months (9M) of 2024, compared to net profits worth SAR 2.76 million in 9M-23. Revenues stood at SAR 868.81 million in 9M-24, down 0.86% year-on-year (YoY) from SAR 876.38 million, according to the interim financial statements. The loss per share hit SAR 0.88 during January-September 2024, versus an earnings per share (EPS) of SAR 0.04 in 9M-23.
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