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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
- March 13,2017
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
- March 9,2017
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- SUSTG Team
The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]
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U.S., Saudi Arabian Agribusiness Majors May Partner to Bid on Saudi Grains Milling Privatization
- March 8,2017
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- SUSTG Team
Saudi Arabia’s largest private agriculture company, Almarai, and U.S. agribusiness Archer Daniels Midland Co. are reportedly among companies eying Saudi Grains Organization’s (SAGO) milling operations, the kingdom’s sole supplier, according to an exclusive report by Reuters. The state-owned SAGO handles the Kingdom’s grains purchases, and is one of the world’s largest wheat and barley buyers. The company […]
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ExxonMobil Announces $20 billion Investment in Manufacturing on U.S. Gulf Coast
- March 7,2017
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- SUSTG Team
Exxon Mobil Corporation said in a press release that it is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period “to take advantage of the American energy revolution.” The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and […]
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Despite Major Investments in Uber, Careem, Saudi Arabia Bans Ride-Sharing Apps from Airport Pickups
- March 2,2017
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- SUSTG Team
Saudi Arabia’s government has banned ride-sharing apps from making airport pickups, a report in Al Arabiya said, less than a year after the Kingdom’s Public Investment Fund (PIF) invested $3.5 billion into Uber and STC put $100m into Careem. The announcement is a setback for customers who prefer the ease, convenience, dependability, and safety of ride-sharing apps […]
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Saudi Arabia Approves $24.5b for Water, Agriculture, and Environment Spending to Meet Vision 2030 Goals
- February 13,2017
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- SUSTG Team
Saudi Arabia has approved $24.5b for water, agriculture, and environment spending to allow government leaders to meet 16 goals set as part of its Vision 2030 development plan, Reuters reports. The figure was stated by Abdulrahman Al-Fadhli, Saudi Arabia’s minister for environment, water and agriculture at a speech at an industry conference in Riyadh. Reuters reports that […]
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In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
- February 8,2017
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- SUSTG Team
In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]
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Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
- February 3,2017
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- SUSTG Team
Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]
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Saudi Energy Ministry Announces New Renewable Energy Plan for up to $50b in Investments
- February 3,2017
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- SUSTG Team
Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]
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U.S.-Saudi Arabia Continue Strong Defense Ties in Trump Administration’s Early Days
- February 1,2017
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- Lucien Zeigler
Saudi Deputy Crown Prince Mohammed bin Salman spoke by phone with Secretary of Defense James Mattis today to discuss mutual cooperation on security issues, according to the SPA and the Saudi Gazette. The Deputy Crown Prince also serves as minister of defense and chair of the powerful Council on Economic and Development Affairs (CEDA). The U.S.-Saudi relationship is […]
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MUST-READS
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GCC Business ExecutivesGulf business leaders celebrate at CEO Middle East Awards
The Entrepreneur of the Year award went to Khalid Alkhudair, the CEO of Glowork, a start-up founded in 2011 that has helped find jobs for over 26,000 women in Saudi Arabia.
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Doing Business in KSADoing business in Saudi Arabia: Saudi Arabia trade and export guide
Saudi Arabia has had a period of relatively high growth and economic progress over the past few years. It is predicted to grow by at least 3% for the next couple of years.
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Islamic LawAbdallah S. Kamel, Saudi Businessman, Donates $10M for Islamic Law Center at Yale
A Saudi businessman has donated $10 million to Yale Law School to establish what school officials hope will become the country's top center for the study of Islamic law.
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U.S. - Saudi TradeWhat’s needed for better Saudi-U.S. business ties?
The top-level attention to business ties comes at a time of increasing pressure on economies as the global energy market remains in the doldrums amid over-production and key consumers’ slowdowns.
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Non-oil private business activityUAE, Saudi record sharp growth in non-oil business
Business activity growth in the UAE’s non-oil private sector accelerated in August to a six-month high, while the same in Saudi Arabia rose to a five-month high during the month, buoyed by the impact of increasing oil production, a survey of businesses showed on Thursday.
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Middle East BusinessMiddle East Business Expansion – The Strategic Themes and Opportunities
MEED Projects is currently tracking over 1500 projects in the six GCC countries with a combined value of almost US$700 billion. On top of this are the major Iraq projects, the re-emerging Algerian and Egyptian markets, and the prospective re-booting of the Iranian oil and gas industry which may need in excess of US$100 billion of new investment.
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EU and IranWhile Congress argues over Iran, Europe rushes to do business there
The ink was barely dry on a landmark agreement with Iran to limit its nuclear program before a German government plane packed with the nation’s economic elite touched down in Tehran.
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National Businesswomen's ForumWomen’s business forum website goes live
Businesswoman Reem bint Ahmed Al-Frayan said it would provide a platform for young women to discuss pressing issues and challenges in various fields and gain support for their investments in the Kingdom.
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Social Networks and BusinessSaudi Businesswomen Tap Instagram to Bypass Men, Attract Clients
Al-Daini is one of a growing number of Saudi women turning to Instagram to start businesses, gain market share and skirt limitations in a country where women can’t drive and often need the intervention of a male guardian. They are part of an informal economy, and aren’t counted in the 48 percent growth in the number of employed Saudi women to almost 806,000 between 2010 and 2014.
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AgricultureNew Zealand gov’t ‘bribed’ Saudi businessman with 900 sheep
The New Zealand government is under fire for "bribing" a Saudi businessman who was angry that the export of live sheep to the kingdom had been banned due to animal welfare concerns.
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