The following is a summary of all announcements from the past month regarding investment deals, partnerships, and other commercial news between U.S. and Saudi companies.
Lottery.com, Inc. has announced that its wholly-owned subsidiary Sports.com has entered into a strategic partnership with the Saudi Motorsport Company (SMC) to coincide with activity around the FIA World Touring Car Cup decider.
U.S.-based global engineering consultancy Bechtel has been appointed as the project management consultant for Trojena, a year-round winter sports complex being built in the northwest of Saudi Arabia as part of the futuristic NEOM giga-project.
Launched in 2022 by the Kingdom’s Ministry of Industry and Mineral Resources, the FMF has now joined forces with the Development Partner Institute, the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, Clareo, and the Payne Institute at the Colorado School of Mines.
Saudi Entertainment Ventures (Seven), a subsidiary of the Kingdom’s Public Investment Fund (PIF), has signed an exclusive partnership agreement with Warner Bros Discovery, a global leader in real-life entertainment, to bring purpose-built indoor adventures centers to the Kingdom which integrate Discovery’s media content.
Aspen Technology, Inc., a global leader in industrial software, announced a partnership with Aramco, one of the world’s leading integrated energy and chemicals companies, that positions AspenTech to introduce a unique, integrated modeling and optimization solution that will enable capital-intensive industries to achieve practical and economic solutions for Carbon Capture and Utilization (CCU).
Internet of Things Technologies Company (iot squared), a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and stc Group (stc), has signed a Memorandum of Understanding (MoU) with Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation.