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Saudi Arabia’s AlUla Reveals Winning Design for New Airport Terminal
- October 31,2023
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- SUSTG Team
The Royal Commission for AlUla (RCU) has unveiled the winning design for AlUla’s new airport terminal in Saudi Arabia following a global competition, according to a report. The winning design was announced last week at the Kingdom’s 7th Future Investment Initiative conference in Riyadh.
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The 966 talks with Mohammed Ghazi and Abdulhadi Azouz, the two guys behind Saudi Arabia’s hottest drone and aerial film production company
- October 27,2023
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- SUSTG Team
Chances are if you’ve seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you’ve seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile […]
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Saudi Arabia’s 7th FII Sees only “10-20” Cancellations out of 6,000 as Major Summit in Riyadh Proceeds Ahead
- October 23,2023
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- SUSTG Team
Richard Attias, the CEO of the FII Institute, said that out of over 6,000 people planning to attend the Future Investment Initiative in Riyadh this week, organizers saw only 10-20 cancellations as a result of the war in Israel and Gaza, according to reports, as the major summit will continue ahead with the event as normal. […]
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Discussing Saudi Arabia’s Regional HQ program with Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview and much more…
- October 20,2023
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- SUSTG Team
In episode 108, Mansour El-Zahab and Zeynep Kösereisoğlu from Frontierview, a leading market intelligence and research company, join The 966 to discuss Saudi Arabia’s Regional HQ program (commonly referred to as the “RHQ” program) and dive into some of the legal and practical details ahead of the effective date of the program starting in 2024. The RHQ program is the […]
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Saudi Aramco’s CEO Says Kingdom is Eying New Investments in LNG – Report
- October 17,2023
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- SUSTG Team
Amin Nasser, the CEO of Saudi Aramco, said his company is looking at more investments in liquefied natural gas (LNG) to boost its plans to become a leading player in the seaborne gas market, according to a report.
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
- October 9,2023
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- SUSTG Team
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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The Growing Size and Role of the Public Investment Fund (PIF) in Saudi Arabia with Robert Mogielnicki, FII 2023, Saudi World Cup and more…
- October 6,2023
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- SUSTG Team
Dr. Robert Mogielnicki, Senior Resident Scholar at The Arab Gulf States Institute in Washington and professorial lecturer at George Washington University joins The 966 to discuss the growing size and role of the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF). Robert has previously characterized the PIF as, “screaming onto the scene” with an […]
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
- October 2,2023
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- SUSTG Team
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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MUST-READS
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Elon Musk’s Neuralink Brain Implant Startup Is Ready to Start Surgery
Elon Musk is preparing for the most consequential launch of his career. But this one isn’t rocket science—it’s brain surgery. Musk’s company Neuralink Corp. is seeking a volunteer for its first clinical trial, meaning it’s looking for someone willing to have a chunk of their skull removed by a surgeon so a large robot can insert a series of electrodes and superthin wires into their brain. When the robot finishes, the missing piece of skull will have been replaced with a computer the size of a quarter that’s meant to stay there for years. Its job will be to read and analyze the person’s brain activity, then relay that information wirelessly to a nearby laptop or tablet.
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Red Sea Film Fest Unveils Saudi Selection, Special Screenings, Competition Lineup
The Red Sea International Film Festival has unveiled its selection of 36 movies from Saudi Arabia, as well as its Arab Spectacular and Red Sea: Competition lineups for this year’s third edition. “Collectively, these strands will showcase the rich and varied work by established and new filmmakers from the region, including documentaries and titles produced by the Red Sea Film Foundation,” organizers said on Monday.
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French Rafales ‘Trounce’ Eurofighters As Germany Blocks Sale Of Typhoon Jets To Saudi Arabia – Reports
More than 6,000 British workers are employed directly by the Typhoon program, with a further 28,000 in the supply chain. The UK needs its air industrial base to keep going. This is attributed to one reason: the production of the sixth-generation fighter jet will start in full earnest only in the 2030s, and the Royal Air Force is replacing its Eurofighters with US-produced F-35 stealth jets. This would essentially leave a vacuum in the industry.
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EU and Saudi Arabia reaffirm commitment to deepening investments
Officials from the Saudi government and the European Commission meeting at a forum in Riyadh have reaffirmed their commitment to increasing and deepening the investment relationships between the two countries.
Meeting at the Saudi-EU Investment Forum, the Saudi Minister of Investment, Khalid Al-Falih, and the Vice-President of the European Commission Green Deal, Interinstitutional Relations and Foresight, Maros Sefcovic, released a joint statement in which both parties recognised "the imperative of forging a deeper strategic partnership between Saudi Arabia and the European Union".
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COP28 and the growing Europe-MENA hydrogen connection
Since COP27 last year in Egypt, countries within the MENA region have adopted national strategies and pursued new projects in hydrogen development aimed at transitioning their economies to clean energy exports. Yet, with a few exceptions, several memoranda of understanding (MoUs) signed since the conference have not turned into actual investment decisions so far, notably in the case of COP27 host Egypt. Meanwhile, the European Union (EU) and most of its member states are slowly but surely building their hydrogen supply chains, with plans that in most cases involve interdependence with the MENA region.
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How McDonald’s Middle East franchises got into a public feud over Israel
In Israel, a local McDonald’s operator has been offering discounts to soldiers, security forces and others since Hamas’ October 7 assault by militants that killed 1,400 people and captured over 220 hostages, according to Israeli authorities. A handful of hostages have since been released. McDonald’s Israel has so far given out 100,000 free meals, according to posts on social media.
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German opposition to Saudi Eurofighter exports a ‘real problem’ – Airbus CEO
Airbus (AIR.PA) Chief Executive Guillaume Faury hit out at the German government for its strict line on arms exports in a newspaper interview published on Tuesday, with Berlin blocking the delivery of Eurofighter combat aircraft to Saudi Arabia.
"The German government's stance on arms exports to some countries is a real problem," Faury told the business daily Handelsblatt.
"If Germany wants to be a trustworthy partner in major defence projects, it must resolve the issue of export controls with the other Europeans and not in spite of them," he said.
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While U.S. VCs Accept Billions From Saudi Arabia, It’s Only Publicly Backed One European Firm
Saudi Arabia’s $700 billion Public Investment Fund has disclosed that Swedish venture capital fund Northzone has taken investment from its venture investment arm Sanabil — the only European VC firm known to have done so. The disclosure was part of Sanabil’s decision earlier this year to name the venture, growth and buyout funds it has backed in a move toward transparency that exposes Saudi Arabia’s growing influence in the tech industry.
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European Union to Review Aid for Palestinians
Spanish officials said they asked EU foreign affairs chief Josep Borrell to put the question of Palestinian aid on the agenda for Tuesday’s ministers’ meeting. A spokesman for the Irish Department of Foreign Affairs said Ireland remains committed to delivering humanitarian assistance to Palestinian civilians and “their needs should continue to be a central part of the overall response to this crisis by the international community.”
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Commentary: Newcastle v PSG and the Saudi-Qatar feud that won’t go away
“Relations between Qatar and Saudi Arabia have repaired further and faster with the Saudis than with the other states that moved against Qatar,” explains Dr Kristian Ulrichsen, the author of Qatar and the Gulf Crisis, the definitive account of the colossal falling-out that erupted in 2017 between Qatar on one side and Bahrain, Egypt, Saudi Arabia and the United Arab Emirates on the other.
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