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Hyundai Motor Joins EV Car Race in Saudi Arabia with Planned Factory; Signs MOU with Saudi Ministry of Industry and Mineral Resources
- January 3,2023
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- SUSTG Team
South Korea’s Hyundai Motors has joined the race to build EV cars in Saudi Arabia, signing a memorandum of understanding with Saudi Arabia’s Ministry of Industry and Mineral Resources to build a factory for the complete assembly of electric cars in the Kingdom, the Saudi Press Agency (SPA) reported.
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Saudi Arabia, Japan Eye Increased Trade and Cooperation at Riyadh Investment Forum
- December 28,2022
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- SUSTG Team
Saudi Arabia and Japan signed several new agreements and understandings at a Saudi-Japan investment forum to boost trade and relations between the two nations, according to reports.
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
- December 20,2022
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- SUSTG Team
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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Middle East KFC Operator, Americana, Sees Successful Debut in First Dual Listing in the Gulf
- December 13,2022
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- SUSTG Team
The Middle Eastern operator of KFC and Pizza Hut outlets, Americana Restaurants International Plc, climbed in its debut after raising $1.8 billion in an initial public offering, pulling off the first-ever dual listing in Riyadh and Abu Dhabi, Bloomberg reports.
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Saudi Arabia’s PIF Buys 9.5 Percent Stake in German Renewables firm Skyborn
- December 12,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has acquired a 9.5 percent stake in German renewable firm Skyborn Renewables, as the growing sovereign wealth fund of the Kingdom continues to expand with international investments.
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Adding to Growing List of Natural Treasures, ‘Desert Fish’ Rock Formation Discovered in Al-Ula
- December 7,2022
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- SUSTG Team
The recent discovery of a giant fish-shaped rock emerging from the sands of the Saudi desert near Al-Ula adds to a growing collection of natural wonders in Saudi Arabia.
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Virginia-Based Bechtel Corp. Wins Contract to Provide Project Management Consultancy Services for NEOM’s TROJENA
- December 5,2022
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- SUSTG Team
Virginia-based Bechtel Corporation has been appointed as the Project Management Consultant for TROJENA, a year-round mountain destination in the NEOM region of northwest Saudi Arabia, the company confirmed in a press release.
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An ‘Aerotropolis’: Saudi Arabia Plans to Build One of the World’s Largest International Airport’s in Riyadh Named After King Salman
- November 28,2022
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- SUSTG Team
Saudi Arabia plans to build one of the world’s largest airports in the capital Riyadh, named after King Salman, which will be capable of handling 185 million passengers a year and eventually powered by renewable energy, according to a statement from Saudi Arabia’s Public Investment Fund and reported widely by news outlets.
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Data Show Foreign Direct Investment Inflows into Saudi Arabia Falls 85% in Second Quarter on 2021 Aramco Deal
- November 15,2022
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- SUSTG Team
Saudi Arabia recorded second-quarter foreign direct investment (FDI) inflows down 85% year on year, an investment ministry report showed on Tuesday, with the reason for the significant drop attributed to the closing of state-owned Saudi Aramco’s IPO deal in the second quarter of 2021.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
- November 14,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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MUST-READS
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Yemen fishermen find $1.5m of ambergris in the belly of a whale: Video
A group of fishermen in Yemen came across a sperm whale carcass floating in the Gulf of Aden. The rare treasure they discovered in its belly has lifted them out of poverty.
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Warring sides mobilize troops in southern Yemen as UN seeks cease-fire: sources
Forces loyal to Yemen's government on Monday moved military reinforcements to southern border areas in an attempt to discourage the Houthi rebels from intruding into southern regions, a military official told Xinhua. "Units of the Southern Transitional Council (STC), which is part of Yemen's government, dispatched armored vehicles and infantrymen to the border areas of the country's southern province of Lahj," the local military source said on condition of anonymity.
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Yemen’s Houthis say they hit Saudi military air base with drone
Yemen's Iran-aligned Houthi group on Monday said they hit the King Khalid military air base in Khamis Mushait, in southern Saudi Arabia, with a drone. There was no immediate confirmation from Saudi authorities.
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Saudi deputy defense minister receives US, UN envoys for Yemen
The envoy’s discussions in the region “will focus on achieving an urgent comprehensive, nationwide, and sustainable cease-fire to ensure the regular and unobstructed delivery of essential commercial goods and humanitarian assistance throughout Yemen and a transition to an inclusive political process,” the State Department said on Tuesday.
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Saudi-led coalition destroys marine mine by Yemen’s Houthis in Red Sea – state TV
The Saudi-led coalition fighting in Yemen said on Monday it discovered and destroyed a marine mine planted by Iran-aligned Houthis in the south of the Red Sea, Saudi state TV reported. "The discovered marine mine is Iranian made of the 'Sadaf' type," state TV added, citing the coalition.
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Blinken: Saudi Arabia ‘engaged productively’ in trying to end Yemen war
“We need to see the same kind of response from the Houthis who continue to hold out, and Iran should use the influence it has to move them in that direction,” Blinken said ahead of a visit to the region.
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Yemenis find rare leisure time at Sanaa lake
A countryside dam outside the Yemeni capital Sanaa provides the city's residents with a rare distraction from the six-year civil war that has left many facing poverty and hunger. Jet skis and small boats ply the water. Children scream and shout with joy as they jump in and out of the lake, a one-hour car journey from Sanaa.
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Saudi-led coalition in Yemen foils Houthi attack south of Red Sea – state media
The Red Sea is one of the world’s busiest shipping lanes leading up to the Suez Canal, with thousands of transits made annually through the Bab al-Mandab waterway at its southern tip.
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Senators call on Biden administration to demand Saudi end blockade tactics on a starving Yemen
A group of Democratic senators are calling on President Joe Biden to take "immediate and decisive action" to end Saudi Arabia's "blockade tactics" in Yemen that have prevented food, medicine and other crucial supplies from reaching desperate and starving people there.
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World Bank Report Reveals Aid Distribution Flaws in Yemen
Published on Saturday, the study revealed that the percentage of families receiving aid is concentrated in the governorates of Marib, Hajjah, and Lahj. By phone, 20%-30% of the participants surveyed through a vulnerability analysis by the World Food Program (WFP) reported not receiving any aid in 2020.
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