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Saudi Arabia, France Announce ‘Major Partnership’ for Al-Ula Development
- October 8,2019
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- SUSTG Team
France and Saudi Arabia have announced a “major partnership” to develop the area of Al-Ula, a historic site in the Kingdom that is part of its push to bring in tourists and open the Kingdom up to investment. According to The National, the new partnership will take place in three phases, with the first being completed in […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
- October 2,2019
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- SUSTG Team
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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King Salman Opens Jeddah Airport’s New Terminal
- September 25,2019
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- SUSTG Team
Saudi Arabia’s King Salman opened and toured a new terminal at King Abdulaziz International Airport in Jeddah on Tuesday as the Kingdom continues to invest in ambitious plans to transform its tourism sector. The new King Abdul Aziz International Airport Terminal 1 (KAIA Terminal 1) in Jeddah is one of the biggest infrastructure projects undertaken […]
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Trump says he does not want war with Iran, but says Tehran ‘likely’ behind attacks
- September 17,2019
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- SUSTG Team
President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, according to reports, as the world watches how the Kingdom and its allies may respond to Saturday’s strikes. “It’s certainly looking that way at this moment,” Trump […]
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World’s Largest Fund Manager BlackRock Opens Office in Saudi Arabia
- September 5,2019
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- SUSTG Team
BlackRock, the world’s largest fund manager, has opened an office in Saudi Arabia, according to reports, as the company continues forward with plans to capitalize on the government’s economic reforms. A company spokeswoman told Reuters the BlackRock Riyadh office had “opened recently and is headed by Yazeed Almubarak,” the news service reports. Almubarak previously worked at Morgan Stanley […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Houthis attack Saudi oilfield with drone, but output ‘unaffected’
- August 19,2019
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- SUSTG Team
Oil prices rose for the second straight day as a drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, Reuters reports, but the attack “had no impact on oil production.” Energy Minister and Chairman of Saudi Aramco Khalid Al-Falih said the targeted […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 7: Ar Rajajil—The Stonehenge of Saudi Arabia
- August 9,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the final post of the series of seven, Aramco Expats chose the “Stonehenge of […]
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Houthis Reportedly Attack Dammam in Saudi Arabia, Military Parade in Yemen
- August 1,2019
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- SUSTG Team
Yemen’s Houthi group said on Thursday it had targeted a military site in Dammam, Saudi Arabia with a long-range missile and had launched a drone attack on a military parade in Yemen, which killed 30 people, according to reports. The attack in Dammam, which Houthis claim hit a military base, was not immediately confirmed by Saudi […]
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The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 5: Al-Hasa—’The Grandest Oasis of All’
- July 26,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fifth installment of the series of seven, Aramco Expats chose Al-Hasa Oasis in […]
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MUST-READS
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KKR and Gulf Data Hub Form Strategic Partnership to Scale One of the Middle East’s Largest Independent Data Center Platforms
Gulf Data Hub (“GDH” or the “Company”), one of the largest independent data center platforms in the Middle East focused on serving hyperscale demand across the Gulf countries, and KKR, a leading global investment firm, today announced that funds affiliated with KKR will acquire a stake in GDH. The investment, which is subject to customary regulatory approvals, is being made through KKR’s Global Infrastructure strategy. Established in 2012 and headquartered in Dubai, GDH, is one of the largest independent carrier and vendor neutral data center platforms in the Middle East with significant operating capacity and pipeline of projects. With an owned portfolio of seven purpose-built and state-of-the art data centers in the UAE and Saudi Arabia, and additional facilities planned in Kuwait, Qatar, Bahrain and Oman, GDH is focused on delivering the infrastructure required to meet hyperscale demand across the region to support increasing data consumption driven by the growing trends in digital connectivity, cloud and artificial intelligence.
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Saudi economy minister gives insights on Kingdom’s role in global growth, innovation
In this Special Interview with Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim on Al Arabiya News, the discussion focuses on the pivotal role of the Kingdom’s economic health in ensuring regional stability. The minister highlights Vision 2030’s transformative initiatives to diversify the economy, foster global partnerships, and strengthen the private sector.
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Saudi Arabia’s Riyadh Air defers launch to 3Q25
Aircraft delivery delays have caused Riyadh Air (RXI, Riyadh) to push back launch plans from the first quarter of 2025 to sometime in the third quarter, according to Bloomberg. The state-owned start-up had hoped to have eight B787-9 delivered throughout 2025, but Boeing has advised it to expect around four. According to the ch-aviation fleets module, Riyadh Air has thirty-nine B787-9s on order, along with sixty A321-200Ns from Airbus.
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Saudi ambassador to US represents Kingdom at Trump inauguration ceremony
The princess passed on the congratulations of King Salman and Crown Prince Mohammed bin Salman to Trump on the day of his second inauguration as US president. She also conveyed the hopes of the Saudi leadership that he will enjoy success in his duties, the Saudi Press Agency reported
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Saudi: New executive regulations for law practice come into force
The Saudi Bar Association (SBA) has announced the enforcement of the new executive regulations for law practice, effective from Jan. 15. These regulations replace the previous ones issued in 1423 AH. The updated regulations aimed to enhance the organizational framework of the legal profession, aligning it with modern international best practices. They also seek to strengthen the Kingdom’s competitiveness and improve its business environment by ensuring the availability of essential legal services for investors and business owners across various sectors. The new regulations include significant updates and reforms, such as the repeal of the rules on disciplinary action and the filing and adjudication of related complaints issued in 1443 AH. Additionally, the executive regulations for licensing foreign law firms, issued in 1444 AH, and the rules for mitigating conflicts of interest for former judiciary employees and their equivalents practicing law, issued in 1444 AH, will be annulled.
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Hamas frees hostages, Israel releases Palestinian prisoners on day one of ceasefire
Hamas released three Israeli hostages and Israel released 90 Palestinian prisoners on Sunday, the first day of a ceasefire suspending a 15-month-old war that has devastated the Gaza Strip and inflamed the Middle East. The truce allowed Palestinians to return to bombed-out neighborhoods to begin rebuilding their lives, while relief trucks delivered much-needed aid. Elsewhere in Gaza, crowds cheered Hamas fighters who emerged from hiding. Fireworks were launched in celebration as buses carrying the Palestinian prisoners arrived in Ramallah on the West Bank, where thousands of people waited to welcome them. Those freed from Israeli prisons included 69 women and 21 teenage boys from the West Bank and Jerusalem, according to Hamas.
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New Honeywell centre cements Saudi Arabia’s position in global cybersecurity market
Honeywell recently launched a new centre in Saudi Arabia’s Jubail to provide localised cybersecurity services for critical industrial sectors in the Kingdom, according to a press release. Honeywell Himaya Center, which was announced at the In-Kingdom Total Value Add (iktva) Forum and Exhibition 2025 in Dhahran, will support Saudi Arabia’s digital transformation and strengthen its position as a key player in the global cybersecurity market.
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Sotheby’s Reveals Linup For Saudi Auction
Titled “Origins“, the two-day evening auction will open on February 8th. It will occur at the historic town of Diriyah, a UNESCO heritage site – though the exact location hasn’t been shared. Over 100 works would be sold in the auction. Before it, between February 1st and 8th, the works would be on public display at both enclosed spaces and open sites around Diriyah. The artworks include works by Picasso and Warhol. There would be installations like one by James Turrell (est. $120k -$180k) and Sidle by Antony Gormley (est. 700k -$800k). Sotheby’s is also paying special focus to surrealist art. These include L’État de veille by Rene Magritte (est. $1 million -$1.5 million) and La Légende égyptienne by Paul Delvaux (est. 700k).
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Saudi Arabia boosts mining industry
Throughout this year, Saudi Arabia intends to promote mineral exploration opportunities in an area of up to 50,000 square kilometres, Minister of Industry and Mineral Resources Bandar Al-Khorayef announced at the International Mining Conference recently held in Riyadh. The minister noted that the Kingdom's programme to enable mineral exploration has already helped exploration companies excavate more than 440,000 square metres. He also used the occasion to announce the launch of the Mining Innovation Studio initiative, a project designed to attract global talent and accelerate the use of advanced technologies, as well as to advance Riyadh's vision of becoming the ‘Silicon Valley of Metals’.
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Trump’s Middle East envoy is considering a visit to the Gaza Strip amid ceasefire deal
President-elect Donald Trump’s envoy to the Middle East, Steve Witkoff, is considering a visit to the war-torn Gaza Strip as part of his efforts to keep a ceasefire deal between Israel and Hamas on track, according to a transition official with direct knowledge of the ceasefire process. Underscoring just how fragile the president-elect’s team believes the ceasefire deal that’s set to go into effect on Sunday is, Witkoff also plans to be a near-constant presence in the region over the coming weeks and months to troubleshoot flare-ups on the ground that he believes could unravel the agreement and halt the release of hostages held by Hamas at any moment, the official said.
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