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.
Construction & Real Estate
Marriott International, Blacksand Ink $1.33 Billion Deal for 10 Hotels in Saudi Arabia
Real estate company Blacksand and Marriott International signed a SR5 billion ($1.33 billion) agreement to develop 10 hotels in Saudi Arabia at the Future Hospitality Summit in Riyadh.
Healthcare & Pharmaceuticals
Genetix Biotherapeutics Inc. and the Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) and its wholly owned subsidiary, SPIMACO Bio, announced an exclusive collaboration and license agreement for the development, commercialization, and localized manufacturing of LYFGENIA™ and ZYNTEGLO™ in Saudi Arabia and across the broader Middle East.
CEL-SCI Corporation announced the successful conclusion of a formal signing ceremony with Saudi Amarox during the BIO International Convention 2026 on June 22nd in San Diego, marking a significant step forward in U.S.-Saudi cooperation in healthcare innovation and oncology.
Flagship Pioneering, the scientific innovation company behind Moderna, Generate Biomedicines, and more than 100 other life sciences ventures, and Lean Business Services Company, a Public Investment Fund company and the Kingdom’s national leader in digital health transformation, announced a strategic collaboration to advance healthcare innovation and AI-enabled biomedical research in Saudi Arabia.
