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Saudi Solar Power capacity picking up speed
- August 5,2024
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- SUSTG Team
GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035.
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FIFA World Cup 2034 to feature 11 new stadiums (out of 15)
- August 1,2024
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- SUSTG Team
The Fédération Internationale de Football Association (FIFA) has unveiled details of Saudi Arabia’s bid to host the largest-ever edition of the FIFA World Cup held in a single country. The official bid, under the slogan “Growing. Together”, outlines Saudi Arabia’s extensive plans and infrastructure projects.
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U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
- July 26,2024
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- SUSTG Team
The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.
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Saudi Green Lights Three Solar Projects Totaling 5.5 GW
- June 28,2024
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- SUSTG Team
The Saudi Power Procurement Company signed power purchase agreements for solar projects with a combined capacity of 5.5GW. The projects include the Haden solar PV plant (2GW), the Al-Muwaih Solar PV plant (2GW) in the Mecca Province, and the Al-Khushaybi PV project (1.5GW) in the Qassim Province.
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Saudi-US Trade and Investment Framework Agreement (TIFA) Council Meetings Underway
- June 24,2024
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- SUSTG Team
The General Authority of Foreign Trade (GAFT) which is part of the Saudi Ministry of Commerce is leading Saudi Arabia’s delegation at the eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council, held between June 23 and 28, 2024, in Washington, DC.
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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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Saudi Entertainment Ventures (Seven) and Qiddiya Combine
- May 15,2024
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- SUSTG Team
Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector.
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Zardun at NEOM the Latest Tourism Offering from Futuristic Giga-Project
- January 25,2024
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- SUSTG Team
Saudi Arabia’s NEOM recently announced the launch of another tourism destination, called Zardun, which bills itself as a luxury ecotourism area and “exclusive sanctuary resort.”
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MUST-READS
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Task Force 154: Pursuing Interforce Interoperability in Turbulent Waters
On June 14, Task Force 154 concluded the third iteration of Operation Compass Rose, a four-day maritime security training course held in Manama, Bahrain. The military drill delivered training modules on firefighting, damage control, and media content creation to over 40 participating naval personnel from countries including Saudi Arabia, Jordan, Brazil, and Japan. Established under the umbrella of the Combined Maritime Forces, a U.S.-led multinational naval coalition promoting security in Middle Eastern waters, Task Force 154 was launched on May 22, 2023 to enhance the operational readiness and naval capabilities of Combined Maritime Forces-partner countries.
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Saudi Arabia’s National Water Company constructs 3 reservoirs in Riyadh
The National Water Company (NWC) announced that it has recently completed the construction and operation of a number of water reservoirs to support the daily water supply in Diriyah Governorate and Hattin and Al Nakheel districts north of Riyadh. The total cost is more than 43 million Saudi Riyals ($11.4 million) as part of Phase 1 of the Strategic Water Plan in Riyadh.
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Saudi’s Neom mega-project hails a fleet of electric foiling water taxis
Though Neom is looking to place key neighborhood amenities within reach of pedestrians and cyclists, electric shuttles and underground transit systems will transport citizens and tourists farther afield. Where getting around involves crossing waterways, folks may well fly above the surface courtesy of a Candela P-12 electric hydrofoiling taxi.
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Saudi brothers make waves in open-water swimming
Abdulrahman Boksmati and Ghaith Boksmati from Jeddah are the first Saudis to complete the 20 Bridges swim in Manhattan, New York. The 48.5 km loop around the island is one of three swims that constitute “the triple crown” of open-water swimming. The title is bestowed on swimmers who complete the Catalina Channel, the English Channel, and the largest of the three, the Manhattan 20 Bridges.
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Saudi Arabia’s NWC starts implementing water and wastewater infrastructure projects worth $586 m
Saudi Arabia’s National Water Company (NWC), through its Eastern Cluster, has initiated the implementation of 17 major projects across the Eastern Province of Saudi Arabia, with a total investment exceeding 2.2 billion Saudi Riyals ($586 million). In a press release, the company explains that the projects aim to enhance the region's environmental and water services infrastructure, focusing on wastewater treatment plants, pumping stations, power lines, and network replacements to improve service delivery in various cities and governorates.
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Stunning Blue Waters Is Not What You’d Expect From This Up-and-Coming Destination
Within the grass-dappled desert around Six Senses Southern Dunes in northwestern Saudi Arabia, where camels graze at a distance and the only sound is the fizz-pop of sparkling water, a small folding table covered in a white linen cloth awaits me. Atop it: a barbecue platter so full, so juicy, it triggers a growl in my stomach like a well-timed Foley effect. There’s grilled wagyu striploin, chicken kebabs and lamb chops, roasted potatoes and grilled asparagus—a comical amount of food for a party of one.
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Surviving Scarcity: Water and the Future of the Middle East
Decades of poor water management, exploding populations, and rising temperatures have degraded the region’s land and sapped its limited water supplies. The region’s famous waterways are disappearing before our very eyes. Once-roaring rivers have been reduced to trickles that can easily be crossed on foot.
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Jeddah waterfronts, 442 lush parks elevate Saudi summer experience
Jeddah Municipality has prepared five waterfronts and 442 parks across the city for visitors during the summer, offering high-quality leisure spots designed to the highest standards, reported SPA. Jeddah has become a popular destination for visitors from both inside and outside the Kingdom. People come to enjoy its beautiful waterfronts, parks, and various amenities, as well as to attend the Jeddah Season events, said the report citing senior officials.
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Ensuring Clean Water Amidst Saudi Arabia’s Development Surge
According to Turner & Townsend’s International Construction Market Survey (ICMS) 2024, increasing demand, especially in Saudi Arabia (KSA), is driving up construction expenses. Riyadh, the capital of Saudi Arabia, has become the priciest city in the region for construction, with costs soaring to $2,593 per square meter due to rapid growth.
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Saudi-backed Almar Water seeks lithium partnership in Chile, CEO says
Almar Water Solutions, part of Saudi Arabian group Abdul Latif Jameel, is looking to form a partnership with Chile's state mining giant Codelco in its planned Maricunga lithium mining project, Almar's chief executive said on Tuesday. The Spain-based firm, which focuses on water solutions for renewable energy production, wants to leverage its technology in the extraction of battery-metal lithium, a water-intensive process, CEO Carlos Cosin told Reuters.
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