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.
Aviation & Aerospace
Abdul Latif Jameel and Joby Agree to Explore Opportunities for Electric Aircraft in Saudi Arabia
Abdul Latif Jameel, an 80 year-old network of diversified businesses, and Joby Aviation, Inc., a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding to explore opportunities to establish a distribution agreement in Saudi Arabia for Joby’s electric aircraft.
Investment
King Street Capital Seeking to Enter Saudi Arabia
King Street Capital Management is seeking to establish operations in Saudi Arabia as part of a broader trend of global investors targeting the Kingdom’s $2 trillion economic transformation initiative. The $28.5 billion alternative asset manager is currently applying for a license from the Saudi Capital Market Authority that would allow it to operate and manage client funds within the country.
Medical & Pharmaceuticals
At the BIO International Convention 2025 in Boston, King Faisal Specialist Hospital & Research Centre (KFSHRC) and Germfree Laboratories, LLC announced a strategic partnership to develop Saudi Arabia’s first fully integrated, modular Advanced Therapy Medicinal Product (ATMP) Manufacturing Campus.
King Faisal Specialist Hospital & Research Centre (KFSHRC) and Cellenkos Inc., a Texas based clinical stage biotech company, have signed a strategic international memorandum of understanding following the Saudi-U.S. Investment Forum 2025, underscoring KFSHRC’s commitment to contributing to the advancement of medical innovation and strengthening strategic global collaborations and Cellenkos’ resolve to develop T regulatory (Treg) Cell Therapies for treatment of rare diseases with unmet medical needs.
ICT
Kneron, a provider of edge AI computing solutions, announced it has been selected for RELOCATE, a strategic deep-tech initiative under Saudi Arabia’s National Technology Development Program (NTDP), and awarded a non-equity grant from the Saudi government. This milestone marks a pivotal step in expanding Kneron’s advanced AI chip development and commercialization efforts across the Middle East.
Food & Agriculture
Tanmiah Food Company, one of the Middle East’s leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, was formally recognized for its transformative Memorandum of Understanding (MoUs) with Griffith Foods and Poulta Inc. during the Saudi-U.S. Investment Forum in Riyadh.
Michelin Guide to Launch First-Ever Saudi Edition
The Michelin Guide is set to launch in Saudi Arabia, marking a major milestone in the Kingdom’s evolving culinary landscape. Organized in partnership with the Culinary Arts Commission, a subsidiary of Saudi Arabia’s Ministry of Culture, the “new selection will focus on the bustling cities of Riyadh and Jeddah, while also beginning to explore the diverse regions of the Kingdom, including Khobar, AlUla, and many more,” according to the Michelin Guide.
