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  • Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment
     

    Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today. Investments will be made through the National Industrial Development and Logistics Program (NIDLP), […]

     
  • Fahad Nazer Named New Saudi Embassy Spokesperson in Washington
     

    The Royal Embassy of Saudi Arabia in Washington has appointed Fahad Nazer as official spokesperson, according to a press release and announcement made public yesterday. Nazer, who has been a contributor to SUSTG.com as well as Arab News and other publications in the region and United States, replaces Ms. Fatimah Baeshen, who served in the role since September 2017 […]

     
  • Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
     

    Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]

     
  • Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
     

    Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]

     
  • Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
     

    Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]

     
  • In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
     

    U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]

     
  • High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
     

    Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]

     
  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
     

    Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]

     
  • Sec. Mattis, Saudi FM Al-Jubeir Meet; U.S. Calls for ‘Transparent Investigation’
     

    U.S. Defense Secretary Jim Mattis said on Sunday that he has met with Saudi Arabia’s foreign minister, Adel Al-Jubeir, and called for a “transparent investigation” into the killing of journalist Jamal Khashoggi in Turkey, according to reports. Mattis said he met Saudi Foreign Minister Adel al-Jubeir during a conference in Bahrain on Saturday and discussed […]

     

MUST-READS

  • Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors

    Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.

  • 2,000 people celebrate Saudi National Day with historic run through Jeddah

    About 2,000 men, women and children took part in the Jeddah Green Spirit Run on Friday, setting off from Bab Jadeed in the heart of the city’s Historic District. Organized by Masafat Club, in collaboration with the Ministry of Sports, Sports for All Federation and Jeddah Historic District, the 5 km and 2 km races were held to mark Saudi National Day.

  • Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman

    Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday evening to discuss regional security challenges and our mutual interest in deterring aggression and reducing tensions across the region. They agreed to continue strengthening the United States-Kingdom of Saudi Arabia defense partnership to help restore stability and calm to the region.

  • Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway

    In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.

  • Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024

    According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects.  In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.

  • Saudis put on show of soft power as Wembley turns green and white

    Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.

  • Saudi Arabia sets strict health criteria for Haj 2025, urges vulnerable groups to postpone

    The Saudi Ministry of Health recommended that individuals who are elderly (over 65), have chronic diseases, such as heart, kidney, or respiratory issues, or diabetes, have immune deficiencies, whether congenital or acquired, have cancer, are terminally ill, are pregnant, or are children under 12 should consider postponing their Haj and Umrah pilgrimage this year.

  • The path to 2060: Saudi Arabia’s long-term pathway for GHG emission reduction

    Saudi Arabia, as part of its Saudi Green Initiative, has announced its goal to achieve net zero green-house gas emissions by 2060. This ambitious target underscores the nation's dedication to addressing climate change. However, there is a significant gap in comprehensive analysis regarding the long-term effects of Saudi Arabia's climate policies and their collective contribution towards the net-zero objective.

  • Saudi Arabia at 94: How the kingdom rewrote the rules of innovation

    This policy has helped turn the kingdom into a major tourist hub in the region, harnessed new markets overseas especially in Africa for Saudi exports, attracted efficiency-seeking investors from all over the world, adopted low-carbon technologies and strategies in its oil industry, as well as it is developing a large manufacturing base under the slogan of ‘Made in Saudi.’

  • BlackRock Deal Showcases Rise of Saudi Wealth Fund’s New Star

    Al Humied, who is in his early forties, and Al Rumayyan, 54, go back over a decade, having previously worked together at the Saudi markets regulator. He jumped at the chance to join the PIF during the early days of its transformation without even asking questions about salary or the role, Al Rumayyan said in a 2022 interview. It was the same for Turqi Al Nowaiser, who is in his late forties and oversees international investments. “They believed in the cause, and maybe in me personally, and of course in Prince Mohammed,” Al Rumayyan said at the time.