MUST-READS

• Leyja Promises Luxurious Eco-Adventures In Neom

  Nestled under 400-metre-tall mountains, Leyja is situated in an ancient valley along the Gulf of Aqaba. Upon completion, Leyja will feature three luxury boutique hotels designed to complement the natural surroundings. Each property will offer 40 elegant rooms and suites, providing distinctive refined experiences, including multiple wellness facilities, fine-dining options by world-renowned chefs, and rooftop infinity pools. Adventure enthusiasts can indulge in activities such as mountain climbing, biking, guided wadi walks, and short hikes.

• Saudi Arabia launches 4 projects to generate 7,200 MW using carbon-capture tech

  The Saudi Power Procurement Co. has invited bids for four independent power plant projects with a combined capacity of 7,200 megawatts. The company has specified that two of the projects, namely Rumah1 and Rumah2, are slated for the central region, while the remaining two, Nairyah1 and Nairyah2, will be situated in the eastern region of the Kingdom, the Saudi Press Agency reported. All these projects will have a capacity of 1,800 MW each and use natural gas combined-cycle technology, along with carbon capture.

• Saudi Aramco raises diesel prices for local consumers by 53 percent

  The global oil producer has raised prices for local consumers three times since 2016. However, the recent jump of 53 percent is unprecedented. According to EFG Hermes Research, diesel prices have been reset at the end of each year since 2021. However, they witnessed increases in the last two years of SAR 0.11-0.12 per liter.

• Will Saudi Arabia’s plan work to become the Middle East’s new corporate HQ?

  Saudi Arabia is now aiming to lure 480 companies to open regional HQs by 2030. For context, as of 2021, 196 of the Fortune 500 had a dedicated office for the Middle East and Africa to service the region, with 70% opting to locate in Dubai. Analysts and recruitment experts predict executives are scrutinizing the policy for loopholes.

• Saudi Arabia Integrates AI Technology to Enhance Visitor Guidance at Grand Mosque

  A total of 52 screens, spanning 279 square meters, have been placed inside and outside the mosque to offer personalized guidance content for pilgrims. This approach utilizes the expertise of a specialized team, comprising scholars well-versed in religious and guidance aspects. The team curates bespoke content for specific occasions, ensuring the information is timely and relevant for the needs of visitors.

• Saudi Pro League winners & losers of the 2023-24 season so far

  The intrigue around the league's potential remains following its eye-opening summer of spending, and it remains to be seen just how that is backed up during the winter window, with a number of top players again being linked with big-money moves to the Middle East. On the pitch, a number of the big-name arrivals have lived up to their billing, though not every club goes into the break especially happy with how their campaign is panning out. Managers are beginning to come under fire, and there is a fear that the title race could be over already.

• Global Shipping’s Chokepoints

  With more and more shipping companies extending full or partial closures of Red Sea shipping routes due to attacks by Yemeni rebels, global trade could be seriously affected. According to a new analysis based on 2019 data published in academic journal Communications in Transportation Research, 22-23 percent of maritime-traded goods between non-neighboring countries pass through the Red Sea, more specifically its chokepoints Bab-el-Mandeb and the Suez Canal. Other estimates even put the share of seaborne cargo passing through the area as high as 30 percent.

• Revolutionizing Health Care: Saudi Arabia’s Digital Health Transformation

  In August 2022, the Saudi Ministry of Health launched the Middle East’s first virtual hospital. Seha stands as the world’s largest facility of its kind, symbolizing Saudi Arabia’s ambitious health-care sector transformation, a vital component of its Vision 2030 reform agenda. Under the leadership of Crown Prince Mohammed bin Salman, Saudi Arabia is making significant strides in securing the substantial funds, advanced technology, and focused expertise needed to meet the kingdom’s rising health-care challenges.

• Kuwait’s New Emir: A Frank Speech Signals a Sharp Change in Direction

  Kuwait's new emir, Meshal al-Ahmed al-Jaber al-Sabah, announces an end to the current populist terms of engagement with the Parliament, which seems to suggest a forceful corrective – and perhaps more domestic strife – to come.

• Saudi Arabia Speeds up Development of Maritime, Logistics Sector with $4.5b Investments

  The country jumped eight ranks in container handling, reaching the 16th position out of the largest 100 ports worldwide, according to Lloyd’s List. Moreover, the Kingdom climbed 17 ranks to reach the 38th position out of 160 countries in the logistics efficiency index, which is issued by the World Bank. According to the Authority, the Kingdom made significant progress in the Liner Shipping Connectivity Index, achieving the highest regional advancement, according to the UNCTAD report. The index recorded 79.01 points in the fourth quarter of 2023, compared to 77.66 points in the previous quarter.

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