NEOM Selects Parsons for OXAGON Project Management
Parsons Corporation has been awarded a contract by NEOM to provide project management support in building OXAGON, an eight-sided floating city...
Saudi SWRO Plants Award Energy Recovery $25 Million in Contracts
California-based company Energy Recovery has secured nearly $25 million in contracts to supply seawater reverse osmosis plants (SWRO) in Saudi...
Zamil to Distribute Streamline Innovations’ Products in Saudi Arabia
Zamil Group Holding has reached an agreement with Texas-based Streamline Innovations to become its official agent in the Kingdom. As part of the...
King Salman Appoints New Ministers of Health and Hajj and Umrah
Custodian of the Two Holy Mosques H.M. King Salman announced a number of important changes in the leadership of the...
FedEx Express Announces $400 Million, 10-Year Investment Plan in Saudi Arabia
FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, announced a SR1.5 billion ($400 million),...
Saudi Arabia Releases 2021 Pre-Budget Statement
Saudi Arabia’s revenues are expected to reach $240.8 billion in 2022, according to a pre-budget statement released by the Ministry of Finance. The...
S&P Affirms Saudi Arabia’s A-/A-2 Credit Rating
S&P Global Ratings has affirmed Saudi Arabia’s A-/A-2 credit rating with a stable outlook. The ratings agency credited a rise in oil...
Fitch Improves Saudi Arabia’s Outlook to Stable
Fitch Ratings has revised Saudi Arabia’s outlook from negative to stable and maintained the Kingdom’s sovereign rating at ‘A.’ The credit...
DynCorp Awarded $27 Million to Support Saudi Arabia’s Royal Saudi Land Forces Aviation Command
DynCorp International LLC, based in Forth Worth, Texas, was awarded a nearly $28 million modification to an existing contract for...
IMF Releases Report on 2021 Article IV Consultation with Saudi Arabia
The International Monetary Fund (IMF) has recently released its report on its 2021 Article IV consultation with Saudi Arabia. Article IV consultations, named after Article IV of...