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Recent stories from sustg
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Minister of Investment leads investor delegation to Pakistan
- October 11,2024
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- SUSTG Team
A Saudi investor delegation headed by Minister of Investment Khalid Al-Falih is concluding a three-day visit to Pakistan. The delegation includes officials and companies from various sectors including energy, mining, minerals, agriculture, business, tourism, industry and manpower.
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‘Invest in Coastal Tourism’ report aims for 19m Red Sea tourists by 2030
- October 10,2024
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- admin
The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Investment, has released a report titled “Invest in Coastal Tourism” that outlines development goals for the entire Red Sea coast.
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PIF steps up Saudi clean hydrogen push
- October 9,2024
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- SUSTG Team
Bloomberg reports that the Public Investment Fund intends to invest at least $10 billion to support production of clean hydrogen.
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Saudi Box Office update
- October 8,2024
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- SUSTG Team
With the second edition of the Saudi Film Confex occurring in Riyadh October 9-12 the Saudi box office and movie-goer numbers in 2024 are down but less so than global averages.
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Saudi official reserves hit 21-month high at $470 billion
- October 7,2024
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- admin
Saudi Arabia’s official reserve assets reached $469.83 billion in August, the highest in 21 months and a 10 percent increase year-on-year, according to recent data.
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GCC FMs meet to discuss escalating tensions in region
- October 4,2024
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- admin
With tensions escalating in the region top foreign ministry officials from each GCC state met in Doha, Qatar to discuss the crisis and assess policies.
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Work on kilometer-high Jeddah tower to resume
- October 3,2024
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- SUSTG Team
At a ceremony held on the site Wednesday, the development consortium behind the project, Jeddah Economic Company (JEC), announced that the tower is now scheduled to finish in 2028.
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Saudi MOF issues budget report: deficits and reduced GDP growth projected
- October 2,2024
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- SUSTG Team
Saudi Arabia’s Ministry of Finance cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, anticipating higher spending and lower projected oil revenues.
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2024 Saudi Games kick off!
- September 30,2024
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- SUSTG Team
The Saudi Games is the largest national sporting event held in Saudi Arabia. The third annual Saudi Games kicked off on September 29 and will run to October 17, 2024.
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Saudi Arabia forms global alliance in support of Israeli-Palestinian two-state solution
- September 30,2024
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- SUSTG Team
European, Arab and Islamic nations have launched an initiative to strengthen support for a Palestinian state and its institutions, and prepare for a future after the war in Gaza.
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MUST-READS
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EntrepreneurshipSaudi youths overcome their fears, launch own businesses
Many new young graduates are no longer relying on government jobs as the only path to career success, as many have overcome their fears and societal expectations to launch their own profitable businesses in various technical and creative fields.
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Combating ExtremismPerspective: Protecting Saudi youth
We are faced now with the true test of actually doing something instead of just talking and shaking our heads over lost lives in bombing attacks and lost lives to the IS ideology. Although the Saudi educational system has made great progress in minimizing violent rhetoric in our curriculum, we still must vet educators who have a tendency to supplement current curriculum with their own inappropriate secular prejudices. Adding curriculum that challenges violent and un-Islamic ideology is a necessary classroom tool to keep Saudis on the right path starting at a young age.
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Saudi YouthSaudis try to keep Islamic State from recruiting youth
Al Turki said 2,275 residents had left the kingdom to join extremist groups in Syria since 2011. Of those, 635 had come home, leaving 1,640 still with those groups — or dead.
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Saudi Economy: YouthDiscovering Business | Youth Driving Retail Expansion
A young and rapidly growing population, which topped 29 million in 2013, is the main driver for a rapid growth in the Saudi Arabian retail sector. One third of the population is under the age of 25, prompting retailers across the Kingdom to focus their marketing efforts onto a section of the population that is eager to acquire new technologies and a wide range of consumer goods. Consumer confidence levels are among the highest in MENA, and Saudis are among the most eager consumers in the world, according to A.T. Kearney’s 2013 Global Retail Development Index. Retail sales were expected to increase by 11% in 2013, according to the Index, yet retail sales per capita and disposable income remain lower than in some neighbouring countries, so there is scope for further growth.
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Saudi Spending HabitsRaising financial awareness among Saudi youth
A ground-breaking study in 28 countries by Visa International Literacy Barometer in 2012 found that Saudis scored below average when it came to financial literacy and money saving.
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Saudi SurveyHigh cost of living plaguing Saudi youth: Poll
Nearly 60 percent of young Saudis ranked the high cost of living as one of their top three issues. Regional disparities are quite apparent: respondents from the east and the south were more likely to cite this as a top concern than were those from the center. In the focus groups, many young Saudis expressed fear that the high cost of living would limit their ability to marry and have children.
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Islamic StateOpinion: Let’s teach our youth to build, not destroy
We need to come up with urgent solutions. We should develop a more effective strategy to confront the dangerous threat of ISIS that continues to gain power and has already reached our borders.
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Saudi YouthThe primary concerns of Saudi youth
It became evident to the consulting group that there were five dominant areas of concern faced by the youth of Saudi Arabia. They were: The high cost of living, the lack of affordable housing, rising crime and violence among their segment, lack of confidence in the education system and finally the scarcity of opportunities for a career and good living.
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