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Saudi Non-Oil Private Sector Continues Solid Growth in March – Survey
- April 5,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector “kept up its solid pace of growth in March as output expanded at the fastest rate in over four years,” a survey showed on Tuesday.
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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US to Ban Russian Oil Imports over Ukraine Invasion; Report Says Biden Team Considering Saudi Visit
- March 8,2022
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- SUSTG Team
President Joe Biden will announce a ban on the U.S. import of Russian energy, in the latest effort to ratchet up sanctions over Russia’s invasion of Ukraine, according to reports.
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NEOM Emerges as Most Desired Real Estate Destination for Saudis — Report
- February 24,2022
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- SUSTG Team
Saudi Arabia’s forthcoming new megacity NEOM on the Red Sea coast has been named as the most preferred location to buy a home by the kingdom’s homeowners, first-time buyers and high-net-worth-individuals (HNWI), according to Knight Frank’s annual 2022 Saudi Residential Survey.
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President Biden, King Salman Speak by Phone; Biden Emphasizes U.S. Support for Saudi Security
- February 10,2022
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- SUSTG Team
President Joseph R. Biden, Jr. spoke with Saudi Arabia’s King Salman to discuss “regional developments and issues of mutual concern, including Iranian-enabled attacks by the Houthis against civilian targets in Saudi Arabia,” the White House said in a statement.
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Top Biden Officials Meet with Saudi Ambassador Reema bint Bandar to Discuss Response to Houthi Attacks on Civilians
- January 25,2022
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- SUSTG Team
The United States has discussed with Gulf allies including Saudi Arabia and the United Arab Emirates to hold Yemen’s Houthi group accountable after the Iranian-backed fighters attacked the UAE for the second time in a week, the White House said.
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Saudi-backed Coalition Ramps Up Fighting in Yemen; Forces Re-Take Shabwa Province
- January 11,2022
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- SUSTG Team
Forces of Yemen’s Saudi-backed, internationally recognized government in Yemen have reclaimed the entire southern province of Shabwa from Iran-backed Houthi rebels, the AP reports, citing officials. Government forces and Houthi rebels have been locked for months in a fierce battle in northern Yemen, with heavy fighting in the oil and gas rich Marib and Shabwa provinces.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej. Per Reuters: “The kingdom’s 22 airports […]
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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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MUST-READS
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Saudi Prince Steps In as Power Broker in Trump’s New World Order
MBS, as the oil-rich kingdom’s de facto ruler is known, is one of the few global power brokers to enjoy a close relationship with Trump and Russian President Vladimir Putin, while most Arab heads of state see him as critical to tackling a more erratic Washington. That has positioned Riyadh as the most likely venue for a Trump-Putin summit on Ukraine, and puts Prince Mohammed at the heart of the regional response to Trump’s controversial proposals for war-ravaged Gaza. Saudi officials believe that positioning MBS as a peacemaker furthers the kingdom’s goal of becoming a middle-ranked global power that’s friends with everyone and pursues a foreign policy that’s mainly in the service of its economic interests and aspirations.
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Saudi Arabia Emerges as Key Global Player Under Trump
Saudi Arabia's diplomatic maneuvers reflect its ambitions to assert itself globally while securing its own geopolitical interests. Its support for a negotiated peace in Ukraine could bolster its influence with both Washington and Moscow, while its leadership on Gaza underscores its regional authority. The Kingdom's balancing act will test its ability to navigate the complex dynamics of great power competition and Middle East stability. "Saudi Arabia's recent diplomatic maneuvers reflect a growing maturity from Riyadh that we didn't see during President Donald Trump's first term. The Kingdom appears to have moved on from an unrealistic foreign policy approach towards the region, and instead seems to be using its leverage and embracing diplomacy as a tool for regional stability and strategic influence."
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Discover a World of Cinematic Opportunities in Saudi Arabia
The Saudi Film Commission, one of 11 specialized commissions under the Ministry of Culture, plays a pivotal role in empowering the industry and driving its development, further strengthening the Kingdom’s position as a leader in the global film landscape. From the high mountains of the north to the Red Sea’s white beaches in the west, and from vast deserts in the east to green landscapes in the south, Saudi Arabia offers an array of possibilities for filmmakers. The Kingdom’s landscapes, with their modern cities, reflect a blend of heritage and modernity, offering the chance to tell diverse stories. Sites like NEOM, Alula, Diriyah, Riyadh, Jeddah and the Empty Quarter provide a versatile backdrop providing locations that can stand in for a wide variety of settings.
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Explorer completes first stage of bid to cross Saudi Arabia on foot
Writer and TV presenter Alice Morrison, from Edinburgh, began her journey on New Year’s Day at the border with Jordan. Accompanied by two camels – named Juicy and Lulu – and local guides, the 61-year-old has now covered the 930 kilometres to the Prophet’s Mosque, also known as Al-Masjid an-Nabawi, in Madinah. The seven-week journey saw the seasoned explorer average about 23km – or 33,000 steps – per day. During the journey, Ms Morrison, who speaks fluent Arabic, explored numerous pieces of the country’s rich history – including ancient ruins, bronze age tombs, and relics from the old Hejaz railway.
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Saudi Arabia deports 10,822 illegal residents in a week
Saudi Arabia has deported 10,822 illegal residents during the last week, the Ministry of Interior revealed on Saturday. A total of 29,510 violators were referred to their diplomatic missions to obtain travel documents while 3678 violators were referred to complete their travel reservations during the period between Feb. 06 and 12. The Saudi security forces have arrested a total of 22,663 illegal residents from various regions of the Kingdom during the last week. The arrests were made during the joint field security campaigns that were carried out in collaboration with the relevant government agencies.
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How Saudi Arabia is leveraging regenerative tourism to blend luxury with sustainability
At the heart of Saudi Arabia’s environmental strategy is regenerative tourism, which aims to protect natural habitats through science-led approaches and sustainable practices. Unlike sustainable tourism, which aims to minimize harm, regenerative tourism strives to improve destinations through conservation, community engagement and science-led initiatives. This includes implementing eco-friendly infrastructure, protecting biodiversity, and involving local communities in conservation efforts to ensure long-term environmental and economic benefits.
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Cybersecurity market seen to rise 13% in Saudi Arabia: PwC official
Samer Omar, PwC Middle East Cybersecurity & Digital Trust Leader, said Saudi Arabia's cybersecurity market is estimated at SAR 13-14 billion, of which 31% is dominated by the government & public sector and the remaining 69% by the private sector, as outlined in a 2024 report by the National Cybersecurity Authority (NCA). The market is expected to grow at a compound annual growth rate (CAGR) of 11-13% over the next five years, driven by the continued investments and accelerated technological developments, Omar said in an interview with Argaam on the sidelines of LEAP 2025 Conference.
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Saudi Arabia eyes $1 trillion infrastructure boost by 2030
Saudi Arabia plans to invest nearly $1 trillion in infrastructure projects by 2030 to accelerate economic diversification and boost private-sector participation, Minister of Economy and Planning Faisal Al Ibrahim announced. Speaking at the Public Investment Fund (PIF) Private Sector Forum in Riyadh, Al Ibrahim said the Kingdom’s non-oil sector is set for significant expansion by 2026, fueled by investments in key industries. He highlighted the PIF’s pivotal role in shaping the economy, establishing strategic companies, and fostering new industries that drive long-term growth.
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BYD Energy Storage Secures World’s Largest Energy Storage Contracts with Saudi Electricity Company
BYD Energy Storage has signed a landmark agreement with Saudi Electricity Company for the development of energy storage projects with a total capacity of 12.5 GWh, marking the largest energy storage contracts in the world to date. Combined with the previously delivered 2.6 GWh project, the collaboration now amounts to 15.1 GWh of energy storage capacity, reinforcing their commitment to advancing Saudi Arabia’s renewable energy sector. The agreement is a significant step towards Saudi Arabia’s Vision 2030 goals, aiming to enhance the country’s energy infrastructure and accelerate the transition to renewables. The projects will be deployed across five sites, fully integrating with Saudi Arabia’s power transmission network to ensure grid stability, manage peak energy demand, and support the growing adoption of renewable energy sources.
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US, Ukrainian officials head to Saudi Arabia as talks loom on ending Russia’s war
A Ukrainian delegation has arrived in Saudi Arabia for meetings in preparation for a possible visit by President Volodymyr Zelenskyy, a Ukrainian minister said Sunday, at a time of intense speculation over planned U.S.-Russia talks in the kingdom to end Moscow’s war on its neighbor. It also comes as a top U.S. envoy revealed that he and a fellow negotiator appointed by U.S. President Donald Trump were heading to Saudi Arabia. Ukrainian Economy Minister Yulia Svyrydenko, who also serves as first deputy prime minister, didn’t clarify whether there is a link between Zelenskyy’s possible trip and the previously announced U.S.-Russia talks. In a Facebook post, she said that the Ukrainian delegation’s focus is on strengthening economic ties, as Kyiv “prepares to sign important economic agreements with countries in the region.”
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