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 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.

  • Q&A: The Hidden Element Transforming Tourism in Saudi Arabia

    Helicopters rarely spring to mind when considering conventional facets of tourism. Yet, their role in the travel industry is surprisingly foundational. They provide essential support in tourism logistics, from facilitating the construction of new tourism infrastructure to providing aerial support for events and activities, medical facilities, and more. Their contribution is quietly transformative in Saudi Arabia, where expansive giga-projects dominate the landscape.

  • Parsons Awarded over $160 million Contracts in Saudi Arabia

    The Projects including a confidential $41 million contract for technical consulting, $60 million of additional scope on existing contracts, approximately $30 million of new work for a resort and marina and new work supporting a Saudi developer.

  • Commentary: Is a Defense Treaty With Saudi Arabia Worth the Commitments?

    In the latest from the Pivotal States series, which examines alternative U.S. foreign policy approaches to the world’s key nations, American Statecraft Program Director Christopher S. Chivvis discussed the future of the U.S.-Saudi Arabia relationship with Kim Ghattas, a contributing editor at Financial Times; Aaron David Miller, American Statecraft senior fellow; and Ambassador Dennis Ross, distinguished fellow at the Washington Institute for Near East Policy.

  • Groundbreaking Saudi-Turkish Road Comedy ‘My Treat’ to Be Produced by Front Row Productions, Alamiya Filmed Entertainment

    Dubai-based Front Row Productions and new Saudi production company Alamiya Filmed Entertainment have teamed on “My Treat” (“Mahmool Makfool”), a Saudi-Turkish road-trip comedy about the misadventures of three young Saudi women who are big fans of Turkish soaps.

  • Saudi Arabia reveals all 15 stadiums for the 2034 World Cup

    Revealed as part of its official bid submission to FIFA, the 15 stadiums will be based in and around four cities – Riyadh, Jeddah, Al Khobar and Abha, as well as the under-construction The Line. In total 11 new stadiums are planned for the World Cup, with three currently under construction. The country's two current largest stadiums will be renovated, while two further existing stadiums will be temporarily expanded during the tournament.

  • Saudi wealth fund signs $50 bln of deals with Chinese financial firms

     Saudi Arabia's sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with leading Chinese financial institutions, the fund said in a statement on Thursday. The MoUs were signed with Agricultural Bank of China (ABC), Bank of China (BoC), China Construction Bank (CCB), China Export and Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and the Industrial and Commercial Bank of China (ICBC), the statement added.