SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Gulf still struggling to attract private cash for public projects

    “Four or five years ago the region began focusing more on PPPs, announcing pipelines of projects,” says Sami Neffati, managing partner of Investcorp Infrastructure Partners, part of Bahrain’s Investcorp (part-owned by Abu Dhabi sovereign wealth fund Mubadala). But when you look at the delivery, “you would have seen delays, process [challenges] and cancellations.” The region is still “teething”, Neffati says, and learning about the discipline of PPPs. While most countries have PPP offices, often housed within finance ministries, Neffati says the authorities, who own the assets, still struggle to delegate project management and “intervene too much”.  “They feel they need to control the process, but they don’t know how,” he says. “Very often, that leads to a failed or delayed process.” Progress is being made, Neffati says, but “delivery needs to accelerate”.

  • Saudi ID and visa – major new rules announced; and we couldn’t be happier

    As reported by Arabian Business, residents can now extend their exit and re-entry visas (single or multiple) while abroad. This means you can extend your holidays without having to worry about re-entering Saudi before you exit visa expires. The General Directorate of Passports also announced that dependents of residents and domestic workers who are outside of the Kingdom can now renew their resident IDs. This used to have to been done when the person was in Saudi – but now it can be done from abroad.

  • Saudi Arabia Plans to Deploy 48GWh of Battery Storage by 2030

    According to foreign media reports, the Saudi Power Procurement Company (SPPC) has officially announced the list of prequalified bidders for its first battery energy storage system (BESS) procurement. The state-owned enterprise revealed on December 30 the companies selected for its upcoming Build-Own-Operate (BOO) model tender for a 2GW/8GWh energy storage system. The list of successful bidders includes prominent companies from the Middle East and abroad, such as Masdar, headquartered in Dubai, Saudi Arabia's ACWA Power, and France's EDF and TotalEnergies. Leading renewable energy and energy storage companies from China, South Korea, and Japan are also among the selected bidders. A total of 33 companies passed the qualification review for the tender, with 21 applying to provide technology and manage the BESS and the remaining 12 focusing solely on system management.

  • Saudi PIF-Backed Cooling Firm Taps Citi, SNB Capital for IPO

    Saudi Tabreed District Cooling Co. is working with Citigroup Inc. and SNB Capital for a potential initial public offering in Riyadh, according to people familiar with the matter. The PIF, as the wealth fund is known, acquired a 30% stake in Saudi Tabreed in 2022. The holding was valued at about $250 million, Bloomberg News had reported at that time. The Dubai-listed National Central Cooling Co., also known as Tabreed, holds a 21.8% stake in its Saudi affiliate, according to its 2023 annual report.

  • Saudi king and crown prince congratulate Joseph Aoun on being elected president of Lebanon

    Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman congratulated Joseph Aoun on being elected president of Lebanon on Thursday. In a congratulatory cable, King Salman wished Aoun success and the Lebanese people further progress and prosperity.The crown prince sent a similar cable. Lebanon’s parliament voted Thursday to elect the country’s army commander, Joseph Aoun, as head of state, filling a more than two-year-long presidential vacuum. Thursday’s session was the 13th attempt to elect a successor to Michel Aoun, whose term ended in October 2022.

  • Saudi Arabian women break into the Rally-Dakar world

    In parallel to the Rally-Dakar 2025 competition, which is being held for the sixth consecutive year in Saudi Arabia, the Arab giant has organised for the first time a training programme for promising young Saudi sportsmen and women called ‘Saudi Next Gen’, in which women such as Merryhan Albaz, an influencer, sports enthusiast and the first female mechanic in the world of motorsport, also took part.  Five pairs of drivers took part in this first edition: four male and one female. The young participants, chosen by the Saudi Automobile Federation, will enjoy a coaching session and will fight for a place in next year's Dakar Rally, which will also be held in Saudi Arabia.

  • Lenovo to build $2 billion PC and server plant in Saudi Arabia

    As leading PC makers try to reduce their reliance on manufacturing in China, they sometimes expand production capacity in unexpected places. Lenovo Group said on Thursday that it would build a PC and server assembly factory in Saudi Arabia that will primarily serve markets in the Middle East and Africa. The project is backed by a $2 billion investment from Alat, a subsidiary of Saudi Arabia's Public Investment Fund (PIF). The PC and server assembly plant in the Kingdom of Saudi Arabia (KSA) will be quite large: it will employ thousands of people and produce millions of PCs per year when it comes online in 2026, according to the company. Lenovo also plans to establish local research and development (R&D) operations "for fully end-to-end 'Saudi Made' products," which possibly implies tailoring products to local market needs. At the same time, a $2 billion computer assembly factory is a large industrial facility potentially with huge capacity. Without a doubt, this will be one of the most extensive high-tech facilities in the region and one of the major computer plants in the world.

  • Saudi EXIM is the Strategic Partner of the FUTURE MINERALS FORUM 2025

    The Saudi Export-Import Bank (Saudi EXIM) will participate as a strategic partner in the 4th edition of the FUTURE MINERALS FORUM 2025, organized by the Ministry of Industry and Mineral Resources. The event will take place from January 14 to 16 at the King Abdulaziz International Conference Center in Riyadh, under the theme: “Year of Impact." Saudi EXIM's partnership aims to support and empower the mining sector, and stimulate investment opportunities through active participation in panel discussions, the exhibition, and by showcasing its financing and credit solutions. These initiatives are specifically designed to enhance the global reach and growth of Saudi mining and mineral exports.

  • Warning of thunderstorms and flash floods in Saudi Arabia for next 4 days

    Residents of Saudi Arabia were warned on Wednesday that the country could be hit by thunderstorms and flash floods between now and Sunday. The General Directorate of Civil Defense advised people to remain sheltered and stay away from canyons. Many regions can expect medium-to-heavy rain, hail or strong gusts of wind, with a high risk of flooding. Forecasters predict Riyadh, Jeddah, Al-Baha, Asir and Jazan will be among the affected regions, the Saudi Press Agency reported.

  • Saudi Crown prince and Zelenskyy discuss Ukrainian-Russian crisis in phone call

    Saudi Crown Prince and Prime Minister Mohammed bin Salman received a phone call from Ukraine’s President Volodymyr Zelenskyy on Wednesday. During the call, they discussed relations between Saudi Arabia and Ukraine. They reviewed several issues of mutual concern, as well as regional and international developments. The two leaders also discussed the latest developments on the Ukrainian-Russian crisis and the efforts being made to address them.