SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Chinese Tourists May Get Visa Waiver to Visit Saudi Arabia

    Saudi Arabia is planning to introduce more measures to help Chinese tourists visit the country, potentially including visa-free entry, Gloria Guevara, chief special advisor to the country’s tourism minister, told Caixin, as the oil-rich nation looks to capitalize on China’s booming tourism demand to support its economic transformation. “Everything is being analyzed,” Guevara said in an interview when asked whether the kingdom is considering offering some kind of visa waiver to Chinese visitors. “The Chinese market is very important for Saudi Arabia,” she said. The Middle East country received 100,000 Chinese visitors last year and aims to boost the figure to 5 million by 2030, she said.

  • Trump Venues Bank on Golf, With Help From Saudi Arabia

    Amateur golfers lined up on Thursday at the Trump National Doral near Miami, having agreed to pay more than $9,000 apiece to play a friendly round alongside some of the world’s top professionals. Rooms at the resort hotel will fill up with fans as a pro tournament featuring some of the biggest names in the sport gets underway on Friday. The resort’s restaurants and bars will pull in more business, and the Trump name will be beamed around the world on television and the internet. Behind this surge in business at one of former President Donald J. Trump’s properties is his deal to host tournaments for LIV Golf, the upstart league sponsored by Saudi Arabia’s sovereign wealth fund.

  • Saudi Arabia to host women’s tennis WTA Finals for the next three years

    The season-ending Women’s Tennis Association (WTA) Finals will be held in Saudi Arabia’s capital Riyadh from 2024-2026, the tennis body said, ending months of speculation and marking the Gulf country’s latest foray into the sport. “To have a women’s tournament of this magnitude and profile is a defining moment for tennis in Saudi Arabia. The WTA Finals has the power to inspire far beyond the sport, especially for our young girls and women,” Saudi Minister of Sport Prince Abdulaziz bin Turki Al Faisal Al Saud said on Thursday.

  • Saudi Arabia registers 70 new archaeological sites

    Saudi Arabia announced Wednesday the registration of 70 new archaeological sites in the National Antiquities Register. The new sites bring the total number of registered sites across the Kingdom to 8,917, the Saudi Press Agency reported. According to the country's Heritage Commission, the registration process involves a series of steps. It commences with the site's discovery and subsequent evaluation by specialists to confirm its archaeological significance, ending with the preparation and writing of necessary scientific and technical reports.

  • Saudi Arabia announces 6 mining investment opportunities

    Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining investment opportunities for local and international investors. It is part of the fifth round of mining bids for exploration licenses and encompasses gold, copper, zinc, lead, and silver ores in various regions of the kingdom, covering a total area of over 940 square kilometers, the Saudi Press Agency reported. Investment opportunities for exploration licenses include the "Al-Halahila" site in Najran, the "Jabal Qaran" site in Najran, the "Makman Hijab" in Riyadh, the "An-Nimas" site in Asir, the "Al-Mihah" site in Mecca, and the "Al-Hajirah" site in Asir.

  • Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

    Saudi Real Estate Co. (Al Akaria) has announced the signing of a contract with Diriyah Gate Company Limited (DGCL) for the implementation of “Excavation for Metro-Box Central, Metro-Box South, and Metro-Box East and Related Works,” through one of its subsidiaries, Saudi Real Estate Infrastructure Company (Binyah), at a value of SAR722 million ($192.48 million).

  • Saudi Arabia’s startups raise $198 million in March 2024

    In a landmark month for the region’s startup ecosystem, Saudi Arabia emerged as the hot spot of fundraising activities, with total investments soaring to $198 million in 25 transactions. This surge, the highest in the region, underscores the growing vibrancy and investor confidence in Saudi Arabia’s startup landscape.

  • Saudi Arabia: Flynas airline receives the 50th Airbus A320neo

    Saudi low-cost airline Flynas has received its 50th A320neo airliner from Airbus, out of an order of more than 100 aircraft, as it continues its growth and expansion plan.

  • China invested 10x more into Saudi Arabia from the previous year

    China pumped in $16.8 billion in the kingdom as opposed to the $1.5 billion it had pumped in during 2022, stated data from Emirates NBD. The kingdom is targeting over $100 billion in foreign direct investment by 2030, all to diversify the economy.   Overall, the FDI investments in Saudi doubled to $28.9 billion. EmiratesNBD report added that this surpassed the previous peak of $17.6 billion in 2018 but didn’t touch the exuberance of 2008 of $34.3 billion.  

  • Saudi Arabia’s conservative clerics have a new relationship with the government under Mohammed bin Salman

    Social change in Saudi Arabia has long been deemed impossible due to the influence of the conservative clerical establishment. But as Crown Prince Mohammed bin Salman supports new cultural attractions, experts are wondering whether the power of these clerics has diminished. Raihan Ismail, professor of contemporary Islamic studies at Oxford University, spoke to The World's host Carolyn Beeler about what role the clerics play in Saudi society today.