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The 966 Episode #130, What You Need to Know to Establish a Business in Saudi Arabia, with Saeed Al-Ansari, CEO, Tawaref
- June 2,2024
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- SUSTG Team
Saeed Al-Ansari, Founder and CEO of Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support joins Richard Wilson on The 966 [Episode #130] for an exceptionally informative episode on what you need to know to establish a presence in KSA.
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Deals Flow at Third Annual Future Aviation Forum
- May 28,2024
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- SUSTG Team
Organized by Saudi Arabia’s General Authority of Civil Aviation (GACA), the third edition of the Future Aviation Forum, saw the signing of 102 MOUs, agreements and deals totaling over $21 billion along with numerous investment offers in the Saudi aviation sector valued at $100 billion.
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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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“The Clean Hydrogen Economy and Saudi Arabia”: A Roadmap to Energy Leadership
- May 21,2024
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- SUSTG Team
Faculty and researchers from King Abdullah University of Science and Technology (KAUST) and King Abdullah Petroleum Studies & Research Center (KAPSARC) have unveiled a new publication: “The Clean Hydrogen Economy and Saudi Arabia.”
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Aramco launches first quantum computer in Saudi Arabia
- May 20,2024
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- SUSTG Team
Aramco has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in Saudi Arabia.
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Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
- May 13,2024
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- SUSTG Team
Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market.
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Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
- May 9,2024
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- SUSTG Team
Johnson Controls Arabia (JCA) hosted an export milestone event at its YORK Manufacturing Complex at the King Abdullah Economic City (KAEC) to mark the company’s latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase, the […]
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Saudi Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
- May 8,2024
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- SUSTG Team
Saudi Arabia’s Aramco said it expects to pay full dividends to its shareholders, including the Public Investment Fund of Saudi Arabia, “despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold,” Reuters reports.
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PIF and BlackRock Launch $5bn Investment Fund
- May 1,2024
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- SUSTG Team
BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.
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Vision 2030 Marks 8th Year Since Launch
- April 26,2024
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- SUSTG Team
Launched on April 25, 2016, Vision 2030, Saudi Arabia’s blueprint for economic and social transformation marks it 8th year and the halfway point between 2016 and 2030.
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MUST-READS
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Saudi Arabia’s Booming Fashion Industry Offers Entrepreneurs Lucrative Opportunities
The Small and Medium Enterprises General Authority (Monsha'at) released its report for the first quarter of 2024, shining a spotlight on the Kingdom's thriving fashion sector and the wealth of investment potential for entrepreneurs.
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Saudi Arabia welcomes Palestinian state recognition by three European countries
“The Kingdom appreciates this decision issued by these countries, which confirms the international consensus on the inherent right of the Palestinian people to self-determination,” the ministry said in the statement. The expected decision by Norway, Ireland and Spain was announced Wednesday morning with the formal recognition being made on May 28, infuriating Israel.
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Saudi Arabia launches summer program with mega lineup of events to boost tourism
Saudi Arabia has launched its summer program with a lineup of major events taking place across seven destinations in the Kingdom, the Saudi Tourism Authority announced on Monday, in a bid to boost domestic and regional tourism.
The program will run for four months until the end of September across seven destinations: Aseer, Al Baha, Taif, the Red Sea (a new destination), Jeddah, Riyadh, and AlUla.
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How are Ronaldo and other Saudi Pro League stars shaping up for Euros?
England kick off Euro 2024 against Serbia on 16 June and if Jordan Henderson is called up then the former Al-Ettifaq midfielder should be able to give Gareth Southgate an idea of the form Aleksandar Mitrovic and Sergej Milinkovic-Savic are in. They are two of a growing number of European internationals who will be acting as unofficial ambassadors for the Saudi Pro League (SPL) this summer – especially if they underperform.
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F-15EX ‘Dogfights’ Eurofighter, Rafale Aircraft For Big, Fat Saudi Deal; Can Boeing Outdo Airbus & Dassault?
With three options on the table, there is also conjecture that the kingdom might take the Qatar route and make its fleet more diverse by adding Rafales to the mix of its existing fleet comprising the F-15SA and the Eurofighter Typhoons. Although the officials in the kingdom have not officially acknowledged their interest in the French Rafale or the Airbus Eurofighter, a potential acquisition of either of these fighters may come as yet another setback to the US arms industry, which is believed to be steadily losing ground to European and even Chinese and Russian arms manufacturers in the Middle Eastern region.
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EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
The European Union announced Thursday an aid package for Lebanon of 1 billion euros — about $1.06 billion — much of which will go to boost border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the Mediterranean Sea to Cyprus and Italy.
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F-15EX ‘Dogfights’ Eurofighter, Rafale Aircraft For Big, Fat Saudi Deal; Can Boeing Outdo Airbus & Dassault?
With three options on the table, there is also conjecture that the kingdom might take the Qatar route and make its fleet more diverse by adding Rafales to the mix of its existing fleet comprising the F-15SA and the Eurofighter Typhoons. Although the officials in the kingdom have not officially acknowledged their interest in the French Rafale or the Airbus Eurofighter, a potential acquisition of either of these fighters may come as yet another setback to the US arms industry, which is believed to be steadily losing ground to European and even Chinese and Russian arms manufacturers in the Middle Eastern region.
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Saudi Arabia And EU Forge Energy Cooperation At World Economic Forum
During the World Economic Forum held in Riyadh, HRH the Minister of Energy of Saudi Arabia, Abdulaziz bin Salman Al Saud, engaged in bilateral discussions with European Commissioner for Energy, Kadri Simson. The focus of their meetings revolved around enhancing energy and clean technology cooperation to fortify bilateral relations and advance the objectives set forth by the Paris Agreement and the outcomes of the UAE Consensus reached at COP28 in Dubai the previous year.
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What does EU visa relaxation for Saudi, Bahraini, Omani citizens mean?
Under the new rules, Bahraini, Omani and Saudi Arabian nationals will be eligible for multiple-entry visas, allowing them to visit the Schengen area (the EU’s 27 member states as well as Bulgaria and Romania) and move freely between them.
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
The Schengen Area, which includes 29 European countries, was expanded last February to include Bulgaria and Romania, eliminating all air and maritime border controls.
Citizens from the UAE, Qatar, Bahrain, Jordan, Kuwait, Oman, Saudi Arabia have been exempted from the UK's pre-entry visa requirements.
In November, Gulf countries announced plans for a unified tourist visa similar to the Schengen permit in a move to ease travel for residents and tourists.
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