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Discussing Saudi Arabia’s growth and construction projects with Waleed Abdel-Fattah, President of the MENA Region at Hill International
- February 12,2024
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- SUSTG Team
Waleed Abdel-Fattah, President of the MENA Region at Hill International, joins The 966 to talk about Saudi Arabia’s building boom and Hill’s traction in KSA since entering the market to help build out what is now known as KAFD. Hill has 100 offices across 42 countries, and its main geographical areas are the US, Europe […]
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
- February 9,2024
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- SUSTG Team
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
- February 8,2024
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- SUSTG Team
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
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2nd PIF Private Sector Forum Concludes; Expands Private Sector Interaction with PIF Portfolio Companies
- February 7,2024
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- SUSTG Team
Saudi Arabia concluded its second edition of the “PIF Private Sector Forum” in Riyadh, an event that brought together stakeholders from the PIF and its portfolio companies to engage directly with private sector companies at the King Abdulaziz International Convention Center in Riyadh.
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Fitch Affirms Saudi Arabia at ‘A+’ with Outlook Stable
- February 6,2024
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook, the ratings agency said. “Saudi Arabia’s ratings reflect its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the ‘A’ and ‘AA’ medians, and significant fiscal buffers […]
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The Public Investment Fund’s Head of National Development, Jerry Todd, talks PIF investment strategy, localization and more…
- February 5,2024
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- SUSTG Team
Lucien Zeigler sits down with an exclusive conversation with Jerry Todd, Head of the National Development Division at the Public Investment Fund (PIF) of Saudi Arabia, in a new format and program called 966 Live, recorded at PIF studios in a fireside chat style of engagement. Jerry Todd, who is also on the PIF’s Management […]
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Kingdom Launches ‘Alat’, A New Effort to Transform Saudi int Electronics and Advanced Industries Hub
- February 2,2024
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Thursday the launch of a new Public Investment Fund company called “Alat,” which will contribute to the aim of making Saudi Arabia a global hub for sustainable technology manufacturing that focuses on advanced technologies and electronics, Saudi Press Agency reported.
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Saudi Arabia’s non-oil sector grew 4.6 percent in 2023 – Reports
- February 1,2024
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- SUSTG Team
Saudi Arabia’s non-oil sector grew at a strong rate, a positive sign for the Saudi government’s Vision 2030 economic and social reform drive that puts diversification of the economy away from oil as a top goal.
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Report: Saudis Resume US Defense Talks After Pause From Israel-Hamas War
- January 31,2024
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- SUSTG Team
Saudi Arabia has resumed talks with the US about forging closer defense ties after a pause following the start of the Israel-Hamas war in early October, according to people familiar with the discussions, Bloomberg reports.
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The PIF’s biggest event of the year in Riyadh, the latest on the Saudi peace plan, and alcohol in Saudi Arabia? — The 966 Episode 120
- January 30,2024
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- SUSTG Team
In episode 120, The 966 once again has on offer a menu of excellence discussing some of the most important topics happening in Saudi Arabia this week — a tough decision for the editorial team as Saudi Arabia continues to create headlines as it marches forward with economic and social reforms.
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MUST-READS
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Riyadh’s Grand Wedding of 300 Couples Goes Viral
Talk about a wedding of the century! Riyadh just pulled off the most epic mass wedding, uniting 300 Saudi couples in a night full of love, music, and jaw-dropping surprises. Hosted by the General Entertainment Authority (GEA) as part of Riyadh Season, the “Night of a Lifetime” has left the internet in total awe. Talk about a wedding of the century! Riyadh just pulled off the most epic mass wedding, uniting 300 Saudi couples in a night full of love, music, and jaw-dropping surprises. Hosted by the General Entertainment Authority (GEA) as part of Riyadh Season, the “Night of a Lifetime” has left the internet in total awe.
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King Salman, Crown Prince put Saudi back on track: Prince Alwaleed
He expressed optimism about Saudi Arabia’s progress, highlighting that his investments span various sectors, including tourism, hotel management, commercial real estate, industrial projects, etc. The Crown Prince possesses boundless energy, and foresight, and is a strong strategist for the coming years, Prince Alwaleed said, adding that long-term planning for 10-15 years ahead is an essential quality for any leader.
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‘Maximum pressure’ returns as Iran reacts to Trump’s offer of talks
Iran has reacted to US President Donald Trump’s move to “reinstate” his “maximum pressure” campaign by insisting that it will not yield the intended result. Still, both Tehran and Washington are displaying a willingness to reach a peaceful settlement over the myriad contentions at hand—including the future of Iran’s nuclear program. This dynamic may pave the way for the first overt direct engagement between the two sides in years. Trump signed a memorandum on Feb. 4 to “reinstate” the "maximum pressure" policy that marked his policy toward Iran during his first 2017-21 term in office.
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China’s delicate balancing act in Yemen
Despite an optimistic start, the Mar. 2023 China-brokered agreement between Iran and Saudi Arabia to restore diplomatic ties faces an uncertain future. Anticipating potential setbacks, Beijing has ramped up its diplomatic engagement in the region, particularly in Yemen—a critical flashpoint that has been stuck in a fragile stalemate for close to three years. China’s key objectives are to preserve the progress achieved through the Beijing Accord, sustain the Iranian-Saudi detente, and prevent a renewed escalation in Yemen—which risks drawing Riyadh and Tehran back into confrontation.
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Characterization of paleodrainages in desert regions of Saudi Arabia multisatellite images with field based study
In Saudi Arabia, a number of linear geomorphological features with uncertain origin have been observed from space, but they do not belong to any existed drainage systems. They are ancient watercourses carried water in the past during the Holocene deluge, and they were affected by global climate change and geological processes turning them into dry and buried channels filled by sediments, and these are described as “Paleodrainages”.
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Trump imposes sanctions on International Criminal Court
U.S. President Donald Trump has authorized economic and travel sanctions targeting people who work on International Criminal Court investigations of U.S. citizens or U.S. allies such as Israel, drawing condemnation - but also some praise - abroad. The ICC is a permanent court that can prosecute individuals for war crimes, crimes against humanity, genocide and the crime of aggression against the territory of member states or by their nationals. German Chancellor Olaf Scholz and other EU leaders said on Friday that Trump was wrong to impose sanctions on the ICC. "Sanctions are the wrong tool," said Scholz. "They jeopardize an institution that is supposed to ensure that the dictators of this world cannot simply persecute people and start wars, and that is very important."
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Meet the Power Players Leading Saudi Arabia’s Cultural Boom
Dozens of new art institutions are in the works as part of Vision 2030, a sweeping trillion-dollar initiative to reduce oil dependence by expanding tourism, entertainment, and technology. Among these is the recently opened Diriyah Art Futures (DAF), a digital-art focused institution that is part of the $63 billion Diriyah Gate project, which aims to transform the heritage site on the outskirts of the kingdom’s capital city, Riyadh, into a cultural tourist destination. Meanwhile, in the ancient desert region of AlUla, the Contemporary Art Museum, which is being developed in partnership with Paris’s Centre Pompidou, set to open in 2027. On the west coast, the Red Sea Museum in Jeddah, slated to open before 2030, will showcase historical and contemporary works of art.
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Halt in US aid cripples global efforts to relieve hunger
Struggling to manage hunger crises sweeping the developing world even before U.S. President Donald Trump returned to the White House, the international famine monitoring and relief system has suffered multiple blows from a sudden cessation of U.S. foreign aid. The spending freeze, which Trump ordered upon taking office Jan. 20, is supposed to last 90 days while his administration reviews all foreign-aid programs. Secretary of State Marco Rubio has said an exception allows emergency food assistance to continue. But much of that emergency aid is at least temporarily halted as humanitarian organizations seek clarity about what relief programs are allowed to continue. Compounding the problem is Trump’s move this week to shut the U.S. government’s top relief provider, the U.S. Agency for International Development (USAID).
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Saudi Arabia Bans 1-Year Visit Visa for 14 Countries to Curb Illegal Hajj Pilgrims
Saudi Arabia has introduced a new visa policy restricting travelers from 14 countries to single-entry visas. The decision, effective February 1, 2025, aims to curb unauthorized Hajj pilgrims entering through long-term visit visas. The affected countries include Algeria, Bangladesh, Egypt, Ethiopia, India, Indonesia, Iraq, Jordan, Morocco, Nigeria, Pakistan, Sudan, Tunisia, and Yemen. The move suspends the 1-year multiple-entry visa indefinitely for tourism, business, and family visits. Under the new rules, visitors from these 14 countries can only apply for single-entry visas. These visas will have a 30-day validity with a maximum stay of 30 days. The government has clarified that this policy does not affect Hajj, Umrah, diplomatic, or residency visas.
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Trump’s Gaza plan derails Saudi-Israel ties: analysts
Trump's proposal to redevelop Gaza and oust the more than two million Palestinians living in the territory prompted a global backlash and enraged the Arab world, making it difficult for the Saudis to consider normalisation. "If this is going to be his policy, he shut the door on Saudi recognition of Israel," James Dorsey, researcher at the Middle East Institute of the National University of Singapore, told AFP. They reacted with unusual speed to Trump's proposal, made during an appearance with Israeli Prime Minister Benjamin Netanyahu in Washington. About an hour after his comments, at around 4:00 am Saudi time, the foreign ministry posted a statement on X that "reaffirms its unequivocal rejection of... attempts to displace the Palestinian people from their land". In the same statement, the Saudis rejected Netanyahu's comment that normalisation was "going to happen", repeating their insistence there would be no ties without a Palestinian state.
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