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Recent stories from sustg

  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     

MUST-READS

  • Billboards to billions: Saudi’s OOH ad sector set to exceed SAR 3 billion

    With a market value set to exceed SAR 3 billion, the out-of-home (OOH) advertising sector is an example of a year on-year growing beneficiary of said reforms.

    Repeatedly proving its communication effectiveness for public and private entities, outdoor within the kingdom has become greatly complementary to the rapid urban expansion, population growth, social shifts, and increased dependence on mobility.

  • 1982 is a timely story of war’s impact on ordinary people

    The Arabic film 1982, directed and written by Oualid Mouaness, offers a rare and emotional depiction of the Israeli invasion of Lebanon that year and its impact on everyday people. Following the Israeli invasion through the eyes of a young boy at an elementary school in East Beirut, the film is a vehicle for Mouaness’s own memories of the invasion during his childhood. The relevance of the film’s commentary on war can be felt deeply while watching it now, as Palestinians in Gaza live their daily lives in the midst of violence and military invasion.

  • Opinion: The shifting contours of a multipolar Middle East

    Bulgarian politician and diplomat Nickolay Mladenov appropriately describes middle powers as “the lynchpins of cooperation in the intricate tapestry of international relations, wielding their influence to build bridges, foster peace, and drive progress.” He says they bring “diplomatic finesse and adaptability” to the fore. In the Middle East, this can be easier said than done. In these torrid times, however, a multipolar region would probably perform better in building bridges, fostering peace, and driving progress.

  • Tata Daewoo to build plant for producing trucks in Saudi Arabia

    South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia. Tata Daewoo signed a memorandum of understanding (MOU) for the establishment of the factory with local distributor Saudi Diesel Equipment Co. (SDEC) and local manufacturer Perfect Arabia Factory (PAF). Under the terms of the agreement, Tata Daewoo will provide technology support locally, while SDEC and PAF will collaborate to assemble Daewoo trucks locally.

  • Why Dolce & Gabbana is investing in Saudi Arabia

    To further its Middle East expansion, Dolce & Gabbana has unveiled a unique strategy for Saudi Arabia, the market everyone has their eyes on right now. First is a new flagship store in Riyadh, the capital city and commercial heart of Saudi Arabia. Dolce & Gabbana will also be entering a formal partnership with Diriyah Company, a Saudi Arabian state-owned organisation responsible for the restoration, redevelopment, and management of the historic Diriyah area in Saudi. “Saudi Arabia is a country to which we have always looked with keen interest for its entrepreneurial and economic dynamism, as well as its ancient culture,” says Dolce & Gabbana CEO Alfonso Dolce. “For years, we have been present in this country, initially approaching the market with caution and respect, deepening our understanding of its history and social aspects. To this day, we can say that the Saudi market is very interesting, reacts positively to incentives and is open to new proposals.”

  • Saudi Investors to Create New Fishing Tournament League

    In a similar fashion to LIV Golf, a group of investors from Saudi Arabia are putting forward plans to launch a premier bass fishing tournament league with extremely big payouts. This has several anglers considering a big move. The money will be provide by the Saudi Public Investment Fund which is trying to broaden its economic dependence on oil. The league is said to be a “no-electronics league.” And they want to lure the very best anglers in fishing to the league with incentive deals. The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, rapidly heading to $1 trillion. A state-owned investment fund like the PIF is quite common and this one is said to be the 7th largest in the world.

  • Saudi Arabia may hike May crude oil prices to Asia

    Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said. The May OSP for Arab Light crude could rise by 20 to 30 cents a barrel from April, according to a Reuters survey of six refining sources. The expectation of higher prices comes after the backwardation structure in the Dubai benchmark narrowed by 33 cents a barrel in March versus February, Reuters data showed. When the market is in backwardation, prompt prices are higher than those in future months, implying tight supply.

  • Saudi Arabia announces cultural cooperation award with China

    The Saudi Ministry of Culture announced on Thursday the launch of the Prince Mohammed bin Salman Award for Cultural Cooperation between Saudi Arabia and China, at the King Abdulaziz Public Library branch in Beijing, Saudi Press Agency reported. This award aims to acknowledge the efforts of researchers, artists and translators from both countries, offering grants to support their continuing work. It is designed to spur enhanced collaboration and shared creative efforts.

  • Saudi Green Initiative: Targets and progress so far

    The SGI was launched by MBS on March 27, 2021, and has since played an important role in accelerating environment protection efforts, transitioning the energy sector, and implementing sustainability programs in various fields.

  • Private equity investing in Saudi Arabia reached $4 billion in 2023

    Private equity investing is blasting off in Saudi Arabia. After crossing the $1 billion threshold in 2022 and growing nearly 6X in the prior year, the industry quadrupled to $4 billion in 2023 across 30 deals, according to new data from Magnitt. The kingdom is at a “pivotal intersection,” Huda Al Lawati, Founder & CEO of Gulf-based investment manager Aliph Capital, said in Magnitt’s report.