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

  • Saudi: Real estate price index shows 1.7% increase in Q2

    The General Authority for Statistics (GASTAT) disclosed on Thursday that the real estate price index has shown a 1.7% increase in the second quarter of 2024 compared to the same quarter of the previous year. This rise is attributed to a 2.8% increase in residential real estate prices.

  • Commentary: The Limits of a U.S.-Saudi Security Deal

    At a time when many countries are hedging their bets amid the emerging great-power competition among China, Russia, and the United States, why would the Saudis double down on their historic reliance on Washington? In short, they want what neither China nor Russia can provide: security.

  • KSRelief: Saudi Arabia’s humanitarian aid exceeds $130 billion

    The General Supervisor of King Salman Humanitarian Aid and Relief Center (KSRelief), Dr. Abdullah Al-Rabeeah, has confirmed that Saudi Arabia provided more than $130 billion in humanitarian and relief aid between 1996 and 2024, benefiting 170 countries around the world. He made the remarks on Saudi Arabia's relief and humanitarian efforts and projects around the world during his participation via video conferencing in a meeting organized by the National Council on US-Arab Relations, in the presence of the Council's CEO Delano Roosevelt.

  • Saudi Arabia’s PIF to enhance investments in Egypt

    Saudi Arabia’s sovereign wealth fund is set to significantly increase its financing in Egypt, with plans to convert its deposits into direct investments following a key meeting between officials from both countries. The discussions, held in New Alamein City, Egypt, focused on strengthening economic ties and expanding joint investment initiatives.

  • Secretary Blinken’s Call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

    Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud about ongoing tensions and developments in the Middle East. The Secretary emphasized the importance of reaching a ceasefire in Gaza that secures the release of hostages and reiterated the importance of preventing the escalation or spread of the conflict. Secretary Blinken commended Saudi Arabia’s efforts to facilitate aid to Gaza.

  • Saudi Arabia’s 2034 FIFA World Cup Bid Conference Highlights Key Aspects of the Landmark Event

    Saudi Football Federation (SAFF) president Yasser Al-Misehal stressed on Wednesday that Saudi Arabia's bid to host the FIFA World Cup 2034 has received unprecedented historical support from over 140 countries, reflecting the significant confidence of the international community to host the World Cup.

  • Saudi Arabia is among top 20 vehicle import markets in the world

    The automotive sector in Saudi Arabia is one of the most important commercial activities in the country and is a main pillar of the national economy as the sector contributes greatly to economic growth. The size of the new and used car market exceeds 700,000 cars of varying types per year. According to the General Authority for Statistics (GASTAT), the total number of new and used vehicles and carriages imported into Saudi Arabia in 15 months (2023 and quarter 1 of 2024) from more than 51 countries exceeded one million vehicles with an estimated value of more than SR83 billion.

  • Saudi Arabia’s World Cup Bid Reveals New Plans for Hotels, Stadiums, Airports

    The bid book reveals how many hotels Saudi Arabia is building, when they are opening, and how many are luxury. Saudi says it already has “over 45,000 hotel rooms in alignment with FIFA requirements across the host cities,” with more than 185,000 additional rooms” opening by 2034.

  • Saudi Arabia reveals Fifa World Cup 2034 venue plans

    The showpiece venue for the tournament will be the newly announced King Salman Stadium, which will be located in north Riyadh, next to King Abdulaziz Park. The stadium will cover an area of about 660,000 square metres (sq m) and have a seating capacity of over 92,000 spectators. The 46,000-seat stadium in Neom is “designed to stand out among the world’s most iconic landmarks”, according to the bid book. It is planned to be built 350 metres above ground level within The Line project at Neom.

  • Saudi Arabia’s strategy with the OPEC+

    The adoption of reductions in production has profound consequences for Saudi Arabia's domestic economy. In the short term, lower oil output means lower government revenue from oil exports. This may provide a challenge to the Kingdom's budget, particularly given Vision 2030's ambitious expenditure programmes. The Saudi government projected a US$21 billion shortfall in 2024 owing to lower oil income. Despite these problems, the cutbacks are part of a larger strategy to maintain long-term economic stability and prosperity. The extension of cutbacks until mid-2024 aims to ensure market stability while progressively restoring further cut volumes based on market conditions.