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Saudi Aramco Energy Ventures Steps Up Investments in U.S.
Saudi Aramco ventures, the venture capital arm of the state-owned Saudi oil giant, has increased its investments in early stage and high growth companies in energy, petrochemicals, and renewables recently with two investments into U.S. companies, according to Forbes. The Dhahran, Saudi Arabia-based VC can is looking to invest $1 million and $30 million per […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Ahead of ‘Vision 2030’, Saudi Arabia Tested Foreign Lending Appetite
Ahead of Saudi Arabia’s landmark Vision 2030 announcement, the Kingdom tested its credit-worthiness from international lenders by raising $10 billion, despite downgrades by Moody’s and Standard & Poor’s (S&P) earlier this year. Not only was Saudi Arabia able to easily raise the funding, the issuance was oversubscribed – so much so that the Kingdom increased […]
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Jadwa Investment: ‘Vision 2030’ Plan May Help Saudi Avoid Significant Fiscal Deficit
Jadwa Investment’s recently released economic analysis on Saudi Arabia’s ‘Vision 2030’ finds that Saudi Arabia’s new plan to move toward sustainability may help it avoid a looming fiscal crisis. Calling the plan “major and ambitious,” the Riyadh-based Jadwa looks at what might hypothetically happen if Saudi Arabia were to do nothing about the harsh fiscal […]
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Mining in Focus for ‘Vision 2030’ as Ma’aden Appoints Health Minister Khalid al-Falih Chairman, Reshuffles Board
Saudi Arabia’s ‘Vision 2030’ plan to diversify its economy identifies the mining and minerals sector as one of the top non-oil growth sectors for the Kingdom. Days after the Vision 2030 plan was announced the Saudi Public Investment Fund (PIF) reshuffled the board of the Saudi Arabian Mining Company – known as Ma’aden – and […]
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Saudi Arabia’s ‘Vision 2030’: What Does Success Look Like?
The recently released ‘Vision 2030’ is notable in many ways; not the least for the scope and ambition of the plan’s goals. As SUSTG has documented this week through a series of infographics, ‘Vision 2030’ is organized around three main themes and calls for the implementation of 13 separate ‘programs’ in support of the plan’s goals. […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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President Obama Arrives Tomorrow to Saudi Arabia for Meetings with King Salman, GCC Leaders
President Obama arrives tomorrow (Wednesday) in Riyadh for meetings with King Salman and other top Saudi government leaders, and to attend a GCC summit meeting. The visit to Saudi Arabia, the President’s fourth trip to the Kingdom, comes amid increased focus on U.S.-Saudi relations. On Monday, the White House expressed confidence that Saudi Arabia would not […]
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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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Olympic victory of naturalized athlete sparks ‘sportswashing’ debate in Bahrain
Winfred Yavi, a Bahraini runner of Kenyan origin, has bagged the first gold medal for the island nation at the Paris Olympics. The win has sparked mixed reactions among Bahrainis and the wider Arab world. Some view it as highlighting alleged sportswashing by Manama—a term for when sports are used to improve reputations tarnished by issues such as rights abuses. Others point to a claimed trend of naturalization of foreigners in the Gulf Arab monarchy. The latter is a particularly contentious matter in Bahrain, which has long been criticized for stripping indigenous Bahrainis—particularly dissidents—of their nationality.
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Populous releases visuals of Aramco Stadium planned for Saudi World Cup
Global architecture studio Populous has unveiled its plans for Aramco Stadium, a 47,000-seat sports venue in Al Khobar, Saudi Arabia, designed to be "iconic in the football world". Set to host the upcoming 2027 AFC Asian Cup, the building will be defined by a spiralling form intended to evoke waves, in a nod to its position on the coast of the Arabian Gulf. Populous is also developing it to meet the requirements to be a 2034 FIFA World Cup venue.
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Saudi Leadership Congratulates India on Independence Day
India will mark its 75th year of independence on Monday. The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud, sent separate cables congratulating Indian President Droupadi Murmu on the anniversary of her country's Independence Day.
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Ahead of the National Day, Saudi Arabia Celebrates Iconic Cultural Years
With a bold vision to showcase Saudi Arabia’s majestic heritage, the Kingdom has designated the past four years as prestigious celebrations to crystalize the cultural symbols of the Saudi civilization. Since 2020, Saudi Arabia has embarked on various world initiatives to revolutionize the meanings of traditional symbols and reintroduce these national foundations in a captivating way.
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‘Constructive’ Gaza ceasefire talks to continue Friday
While there is little expectation that a final deal will be struck this week, the resumed talks may also serve as a release valve for soaring tensions between Iran and Israel following Israel’s suspected assassination of a Hamas leader in Tehran last month, which Iran has vowed to avenge.
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Saudi Space Agency Launches ‘Abaad’ Astrophotography Competition
According to the release, the competition aims to encourage interest in astrophotography and increase scientific awareness of astronomy and space sciences, building a creative and productive community. Saudi Astronaut Ali AlQarni, supervisor of Abaad, emphasized the competition's role in advancing space education and inspiring a new generation of astronomers. "The Abaad competition also aligns perfectly with SSA's mission to enrich Arabic content in space sciences and foster a community passionate about exploring the cosmos," said AlQarni.
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KAUST announces building of the first regional class research vessel in Saudi Arabia
KAUST has announced that Freire Shipyards, which has over 100 years of shipbuilding experience, will build its new research vessel, RV Thuwal II, at its yard in Vigo, Spain. Upon the expected completion in 2026, RV Thuwal II will be the first regional class research vessel for Saudi Arabia and enable complete access to the Red Sea, including coastal waters and the deep sea.
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Predicting the Next US Administration’s Approach to the Region
The two leading presidential candidates in America’s 2024 election have made statements and established track records on the Middle East based on their time in office. This document aims to highlight the most important and reliable positions staked out by former President Donald Trump and current Vice President Kamala Harris.
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The war in Gaza passes a bleak, bloody milestone
On Thursday, the Gaza Health Ministry announced that the enclave’s death toll amid the ongoing Israeli offensive against militant group Hamas had surpassed 40,000 people. That statistic is grim in its own right, though implicit in it, too, is the staggering scale of destruction in Gaza — the quantifiable damage unleashed by Israel’s relentless bombardments of the territory and the unquantifiable toll of misery and suffering experienced by a hungry population, struggling for safety in a Gaza where no area seems safe.
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Mpox virus detected in Pakistan, health authorities say
A new form of the virus has triggered global concern because it seems to spread more easily though routine close contact. A case of the new variant was confirmed on Thursday in Sweden and linked to a growing outbreak in Africa, the first sign of its spread outside the continent.
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