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QUOTED
“Known for its dates and fruit, the central Saudi province of Hail is now stepping into the seafood scene with the launch of the Middle East’s largest salmon production center, backed by the Saudi Environment, Water, and Agriculture Ministry. Once fully operational, the center will produce 10,000 tons of salmon per year, helping to cut into Saudi Arabia’s current annual imports of 23,000 tons.” Mohammed Sergie, Saudi Arabia launches largest regional salmon production center [Semafor]
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TOP STORY
On January 1, 2025 British explorer and TV presenter Alice Morrison will begin a five-month journey to become the first person to traverse Saudi Arabia on foot from the far north to the far south. [more]
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MORE TOP STORYLINES
Via Beatrice Farhat in al-monitor.com: Shibani’s announcement comes one day after Syria’s de facto leader, Ahmed al-Sharaa — who also heads Hayat Tahrir al-Sham, which led the lightning-fast offensive that toppled Assad earlier this month — praised Saudi Arabias support for Syria. In a wide-ranging interview with the Saudi-owned Al-Arabiya channel on Sunday, Sharaa stated that Saudi Arabia seeks stability in Syria and highlighted several investment opportunities in the country, though he did not provide further details. “I am proud of everything that Saudi Arabia has done for Syria, and it has a major role in the country’s future,” he said. A high-ranking Saudi delegation, led by a royal court adviser, visited Damascus and met with Sharaa on Dec. 22. No details of the meeting were made public. According to a source close to the Saudi government who spoke to Agence France-Presse last week, the talks focused on the situation in Syria and the Captagon drug file.
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Via Valentina Pasquali in agbi.com: Housing became a scarce commodity in Saudi Arabia in 2024. Expat workers flocked to Riyadh, attracted by the Vision 2030 push. Government policies boosted the home ownership rate for nationals. Rising land and construction costs also made housing and commercial units more expensive, says Imad Damrah, Colliers’ managing director for Saudi Arabia. “Freehold residential apartments in high-rise towers in Riyadh performed strongly, as did affordable National Housing Company residential communities,” Damrah tells AGBI. Residential sale numbers in the capital climbed 31 percent year on year in the third quarter, CBRE says. Average villa and apartment prices rose five and four percent respectively.
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Via Kim Martin in thepienews.com: On the heels of the first Saudi-US Higher Education Partnerships Forum, co-organised by the Saudi Arabian Ministry of Education, the US Embassy, and IIE, and held in Riyadh,The PIE sat down with Michael Ratney, US ambassador to Saudi Arabia to explore the evolving landscape of educational collaboration between the two nations. “There’s a decades long educational affinity between Saudi and the US,” said Ratney. “Saudi Arabia has been sending students to the US for decades… We think there’s probably over 700,000 Saudis that have studied in the US over the years.” Historically, much of this outbound mobility has been, and continues to be, driven by the Saudi’s government scholarship program – the King Abdullah Scholarship program. In recent years, Vision 2030 – Saudi’s national economic and social transformation program – has meant the sending of students has been more focused.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth $2.5 billion, the...[By Enas Alashray and Ahmed Tolba via reuters.com]
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Dakar Rally drivers and riders recount Stage 2 of the event, where competitors took two days to traverse nearly 1000 km....[via youtube.com]
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Saudi Arabia's Public Investment Fund plans to raise $7 billion from its first murabaha credit facility, as the fund diversifies its funding...[By Aarti Nagraj via thenationalnews.com]
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Saudi Arabia raised $12 billion from global debt markets in a three-part bond sale, attracting strong investor...[By Rachna Uppal and Enas Alashray via reuters.com]
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Saudi Arabia’s Interior Ministry confirmed that the provisions of the “Use of Security Surveillance Cameras” law prohibit the transfer or publication of security surveillance camera...[via arabnews.com]
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Among the venues announced Tuesday for the 24-team regional competition were the 70,000-capacity King Fahd Sports City Stadium and King Saud University Stadium, both in...[via france24.com]
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That the Gulf’s various sovereign wealth funds have become some of the most dominant players in global dealmaking has rarely been in...[By Matthew Martin via bloomberg.com]
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Saudi Arabia’s water sector witnessed significant shifts in 2023, with a 31 percent increase in desalinated seawater production, now comprising 50 percent of the country’s...[via azernews.az]
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Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has approved...[By Pramod Kumar via agbi.com]
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Saudi Coffee Company has launched its second annual Saudi Sip of Excellence Competition in partnership with the global nonprofit Alliance for Coffee Excellence. Designed...[By April Hawksworth via gcrmag.com]
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Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a funding spree as the country fuels its...[By Abeer Abu Omar and Matthew Martin via yahoo.com]
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Jeddah King Abdulaziz International Airport and Riyadh King Khalid International Airport each posted record passenger traffic in 2024, reflecting the continuing strong performance of aviation...[By Dermot Davitt via moodiedavittreport.com]
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The world’s top crude oil exporter, Saudi Arabia, has raised the price of its crude loading for Asia in February by more than expected...[By Tsvetana Paraskova via oilprice.com]
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The Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) have announced that the first mandatory phase of the...[By Aayushya Ranjan via techafricanews.com]
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In a move that has both bemused and intrigued the global beverage industry, Saudi Arabia has launched Milaf Cola, a fizzy drink made from dates....[via youtube.com]
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WWE, in partnership with The General Entertainment Authority (GEA), on behalf of HE Turki Alalshikh, announced that the 39th annual Royal Rumble will be held in January...[via wwe.com]
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Jasem Al-Budaiwi, Secretary General of the Gulf Cooperation Council (GCC), met on Monday with Syria’s new leader Ahmed Al-Sharaa in the capital Damascus, the Saudi...[via ]
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Many aid workers and doctors say famine has taken hold in Gaza. But amid Israel’s military assault and curbs on...[By Lena Masri, Amina Ismail and Jackie Botts via reuters.com]
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For a significant period of time, Iran’s status as a rising power within the region has been regarded as a consistent reality in assessing Middle Eastern...[By Daniel Lincoln via theconversation.com]
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