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In Boost for Local Artists, Saudi Government Mandates Hotels to Purchase Works by Saudis to Stimulate Art Scene
The Saudi Ministry of Culture on Saturday announced that hotels in the kingdom must acquire the artworks of local artists to support the country’s growing art scene, according to reports.
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Saudi Arabia’s Tourism Sector Booms as Inbound Tourists, Spending Up 5x in Q2 – MISA
Tourism to Saudi Arabia grew substantially in the second quarter of 2022, with the Kingdom seeing a 575.4 percent year-on-year increase in inbound tourists to the Kingdom, Saudi Arabia’s Ministry of Investment (MISA) said.
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A World Cup Episode of The 966 including a conversation about the in-person fan experience with Dr. Mohammed Alhajji
In episode 68, The 966 does a full episode on the World Cup 2022 in Qatar. The hosts react to the matches played and the smooth execution of the major sporting event by Qatar. Then the hosts welcome Dr. Mohammed Alhajji, who attended several of the matches including Saudi Arabia’s historic win over Argentina.
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AGSIW’s Robert Mogielnicki joins the 966, MBS Goes to Asia, World’s Population Reaches 8 Billion, and more
Robert Mogielnicki from AGSIW and adjunct professor at Georgetown and GWU joins The 966 to talk NEOM, the PIF, the Saudi economy and so much more. The hosts talk about our neighbors – all 8 billion of them and counting – on planet Earth as the world’s population passes 8 billion. Lucien’s one big thing […]
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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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In announcement, PIF to launch 5 regional investment firms to draw $24 billion
Crown Prince Mohammed bin Salman announced Wednesday that the kingdom’s Public Investment Fund (PIF) would launch five new investment firms in countries around the Middle East, targeting regional growth for the fund, according to reports and a release from the PIF.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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Jadwa Investment October 2022 Chartbook: Non-Oil PMI Sees Significant Rise in August
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, business activity and new work, according to the latest monthly chartbook released by Jadwa Investment.
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Saudi National Day, Significant Traction in Airline/Travel Reforms, Saudi-Greece Relations, and more – The 966 Episode 60
Episode 60! The 966 wishes everyone a fun and safe Saudi National Day. This week, the hosts re-connect after a two week hiatus for the 60th episode of the show. First, the hosts discuss Richard’s one big thing, which is a deep dive on Saudi-Greece relations of late and why that bilateral relation is one […]
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Container traffic at Saudi ports up 14.6% in 2023
Saudi Arabia’s ports have witnessed a 14.6% increase in inbound and outbound container traffic during FY 2023 when compared to the year before, according to the General Authority for Statistics (GASTAT) which issued the kingdom’s Maritime Transport Statistics Publication results for 2023. The figures also show a 33.8% increase in ship traffic at the kingdom’s ports in 2023 compared to 2022. The total ship traffic at Saudi ports stood at 19,082.
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Tourism new driver for enhancing Saudi Arabia’s rating: S&P
The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of the new factors supporting the Kingdom’s credit rating.
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Commentary: The myths that are building the Saudi nation
To the Western eye, it might seem that MBS is showing the world that the new Saudi Arabia is a young and flashy amalgam of construction sites and sci-fi city planning, with a dash of esports and AI thrown in. But this is all merely window dressing. Scratch a little deeper and it’s not just a new city that is being built. Behind the scenes, something deeper and far more interesting is going on. The Kingdom is recasting its whole national identity.
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Saudi Arabia National Day 2024 – Google Doodle
Today’s Doodle celebrates Saudi Arabia’s National Day! On this day in 1932, Saudi citizens celebrated the establishment of the Kingdom of Saudi Arabia.
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Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors
Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.
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2,000 people celebrate Saudi National Day with historic run through Jeddah
About 2,000 men, women and children took part in the Jeddah Green Spirit Run on Friday, setting off from Bab Jadeed in the heart of the city’s Historic District. Organized by Masafat Club, in collaboration with the Ministry of Sports, Sports for All Federation and Jeddah Historic District, the 5 km and 2 km races were held to mark Saudi National Day.
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Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman
Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday evening to discuss regional security challenges and our mutual interest in deterring aggression and reducing tensions across the region. They agreed to continue strengthening the United States-Kingdom of Saudi Arabia defense partnership to help restore stability and calm to the region.
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Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway
In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.
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Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024
According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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Saudis put on show of soft power as Wembley turns green and white
Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.
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