THE 966 explores the news, people, and issues that define the Kingdom through conversations and interviews with business leaders, officials, and newsmakers. THE 966 goes beyond the headlines and tackles the complex U.S.-Saudi relationship, discussing topics like oil and energy, security and defense, Saudi culture and society, and much more.

The 966
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THE 966 explores the news, people, and issues that define the Kingdom through conversations and interviews with business leaders, officials, and newsmakers. THE 966 goes beyond the headlines and tackles the complex U.S.-Saudi relationship, discussing topics like oil and energy, security and defense, Saudi culture and society, and much more.
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Publishing Since
10/5/2021
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Recent Episodes

September 10, 2024
Clean Hydrogen and Saudi Arabia with Rami Shabaneh, King Abdullah Petroleum Studies and Research Center (KAPSARC)
<p><strong>Rami Shabaneh, Senior Fellow, King Abdullah Petroleum Studies and Research Center (KAPSARC)</strong> joins host <strong>Richard Wilson</strong> and <strong><em>The 966</em></strong><strong> </strong>for <strong>Episode #135</strong>. </p><p>Rami is a senior fellow with KAPSARC’s Oil and Gas program, with a focus on global gas and hydrogen markets. He has nearly 15 years of research and industry experience analyzing energy markets and energy policy.</p><p>Rami also co-edited the recently published, <a href="https://www.taylorfrancis.com/books/oa-edit/10.4324/9781003294290/clean-hydrogen-economy-saudi-arabia-jan-frederik-braun-jitendra-roychoudhury-saumitra-saxena-rami-shabaneh"><strong><em>Clean Hydrogen Economy in Saudi Arabia, Domestic Developments and International Opportunities</em></strong></a>available for purchase on <a href="https://www.amazon.com/s?k=Clean+Hydrogen+Economy+in+Saudi+Arabia%2C+Domestic+Developments+and+International+Opportunities&crid=XSUZPZ8T6M6M&sprefix=clean+hydrogen+economy+in+saudi+arabia%2C+domestic+developments+and+international+opportunities+%2Caps%2C91&ref=nb_sb_noss">Amazon</a> or <a href="https://www.routledge.com/The-Clean-Hydrogen-Economy-and-Saudi-Arabia-Domestic-Developments-and-International-Opportunities/Shabaneh-Roychoudhury-Braun-Saxena/p/book/9781032278315?srsltid=AfmBOopk9_o549yJQHB1BG6K7aPVBiFjsl-tUSfAUUK-nrc0U4umTqAL">Routledge</a> as well as <a href="https://www.taylorfrancis.com/books/oa-edit/10.4324/9781003294290/clean-hydrogen-economy-saudi-arabia-jan-frederik-braun-jitendra-roychoudhury-saumitra-saxena-rami-shabaneh">Taylor & Francis</a>. </p><p>Spanning 28 chapters the book is a first-of-its-kind analysis of the emerging global hydrogen economy from the vantage point of one of the world’s biggest energy providers: Saudi Arabia. The Kingdom is optimally situated geographically between the major demand markets in Europe and North Asia, from where it can leverage clean hydrogen exports as a potential tool to become a player of strategic importance and successfully diversify its economy under its Vision 2030 program.</p><p>In his discussion with Richard and <em>The 966 </em>Rami Shabaneh provides informed analysis of the "who," "what," "where," and "why" related to clean hydrogen development within and beyond Saudi Arabia.</p><p>Coincidentally, this past week <a href="https://english.alarabiya.net/News/2023/05/25/Saudi-s-green-hydrogen-plant-will-put-Kingdom-on-global-map-for-clean-energy-CEO">NEOM Green Hydrogen Company </a>(NGHC) initiated a major recruitment campaign for its world-leading green hydrogen plant as the project moves closer to its operational phase.</p><p>The $8.4 billion facility, set to be the world’s largest green hydrogen production plant, is targeting full operations by the end of 2026 and aims to produce up to 600 tonnes of carbon-free hydrogen daily, potentially eliminating five million tonnes of CO2 emissions annually.</p><p>Rami Shabaneh is the second KAPSARC expert to join <em>The 966</em>. In January 2022, for Episode #22, <strong>Adam Sieminski</strong>, who had just finished serving as President of KAPSARC talked renewable energy and the Circular Carbon Economy. Another terrific conversation you can listen to here.</p><p><a href="https://share.transistor.fm/s/44662395">https://share.transistor.fm/s/44662395<br></a><br></p><p> </p><p> </p><p> </p><p> </p>

July 30, 2024
Saudi Arabia’s Booming Construction Sector with Laura Morgan, Market Intelligence Lead, MEA, JLL
<p><strong><em>The 966 </em></strong>and host, <strong>Richard Wilson </strong>welcome to <strong>Episode #134</strong> <strong>Laura Morgan, Market Intelligence Lead, MEA, JLL</strong> to discuss <strong>Saudi Arabia’s Booming Construction Sector. </strong>Ms. Morgan expands on JLL's Q1 2024 KSA Construction Market Intelligence Report which noted that with $1.5 trillion in the Saudi pipeline of unawarded construction projects, Saudi Arabia accounts for almost 40% of the total MENA pipeline value. Within that pipeline the construction sector represents $950 billion (62% of the total $1.5 trillion), while transportation, infrastructure, and other utilities account for $582 billion (38%). <strong></strong></p><p>According to MEED Projects, the thriving KSA construction sector reported the highest value of awarded projects in 2023, reaching USD97 billion compared to USD60 billion in 2022. Aligning with the Kingdom’s Vision 2030 economic diversification and investment goals, this value represents only 6% of the potential pipeline, highlighting substantial opportunities within the sector.</p><p>Join us for another timely and informative episode of <strong><em>The 966</em></strong>.</p><p><strong>Summary<br></strong><br></p><p>Laura Morgan, Market Intelligence Lead Middle East, and Africa for JLL, discusses JLL's latest KSA Construction Market Intelligence Report and the construction market in Saudi Arabia. The report highlights the potential for GDP growth in Saudi Arabia, driven by Vision 2030 giga projects and infrastructure developments. The report also examines the construction pipeline, awarded and unawarded projects, and the challenges faced by the sector. Laura emphasizes the importance of data and transparency in understanding market trends and risks. She also discusses the progress of economic diversification in Saudi Arabia and the impact of rationalization efforts on the contracting sector.</p><p><strong>Keywords </strong>JLL, KSA Construction Market Intelligence Report, Saudi Arabia, construction market, Vision 2030, infrastructure developments, GDP growth, construction pipeline, awarded projects, unawarded projects, challenges, data, transparency, economic diversification, rationalization, contracting sector.</p><p><strong>Takeaways<br></strong><br></p><ul><li>Saudi Arabia's construction market is experiencing significant growth, driven by Vision 2030 projects and infrastructure developments.</li><li>The construction pipeline in Saudi Arabia is substantial, with a value of around $1.5 trillion, and there is still a large portion of projects in the design and pre-qualification phases.</li><li>Data and transparency are crucial in understanding market trends and risks in the construction sector.</li><li>The efforts to build up local contracting capability in Saudi Arabia are progressing, but there is still a need for skilled labor, particularly in the MEP sector.</li><li>Despite challenges such as inflation and geopolitical tensions, Saudi Arabia remains committed to its Vision 2030 goals and the construction projects associated with it.</li></ul><p><strong>Titles<br></strong><br></p><ul><li>Data and Transparency: Understanding Market Trends and Risks</li><li>The Construction Pipeline: A Look at the Projects in Saudi Arabia</li></ul><p><strong>Sound Bites</strong></p><p>"Saudi Arabia's progress on numerous Vision 2030 giga projects and infrastructure developments has cemented the kingdom's position as a leader in construction activity regionally and globally."</p><ul><li>"Around 5% of the pipeline projects in Saudi Arabia are under a main contract, while the remaining 94-95% are in the design and pre-qualification phases."</li><li>"Despite challenges such as inflation and geopolitical tensions, Saudi Arabia remains committed to what they've announced and what they've said they want to achieve by 2030."</li></ul><p><strong>Chapters<br></strong><br></p><p>00:00 Introduction and Overview of JLL and the Construction Market in Saudi Arabia</p><p>03:11 Vision 2030 and Infrastructure Developments Driving Growth</p><p>08:11 The Construction Pipeline: Overview and Status of Projects</p><p>13:12 Data and Transparency: Understanding Market Trends and Risks</p><p>15:57 Building Local Capability: Challenges and Progress in the Contracting Sector</p><p>23:14 Commitment to Vision 2030: Overcoming Challenges in Saudi Arabia's Construction Market</p><p> </p>

July 9, 2024
How Working Women are Changing Saudi Arabia with Dr. Jennifer Peck, Swarthmore College
<p>In Episode #133 of <em>The 966</em> podcast, Dr. Jennifer Peck, Swarthmore College, expands on her excellent article in <em>Foreign Affairs</em> magazine (<a href="https://www.foreignaffairs.com/saudi-arabia/working-women-are-changing-saudi-arabia">Working Women are Changing Saudi Arabia: Reforms Have Made the Economy More Productive, Families More Resilient, and Saudis More Tolerant</a>) where she writes, "This economic transformation has also raised women’s visible participation in public life, made families more financially resilient, and boosted businesses’ productivity by increasing their access to talent. These shifts, in turn, appear to be driving a feedback loop: the more Saudi society embraces women in the workplace, the more the government is encouraged to pursue ambitious reforms." </p><p>In this episode Dr. Peck also discusses the evolution of women's participation in the Saudi labor force and the impact of reforms on the economy and society. She highlights key historical timeframes, such as the 60s, 80s, Arab Spring, and Vision 2030, that have shaped women's access to and impact on the workforce. </p><p>She also discusses the challenges and opportunities that remain, including cultural adaptation, mentorship programs, and the long-term effects of labor quotas on firms.</p>
135 total episodes available with 19 transcripts
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- What is The 966?
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This podcast updates daily.
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This podcast is available on 9 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
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Yes, this podcast regularly features guests.
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