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...
U.S. Firm Hill International Awarded Madinah Central Area Development Contract
U.S.-based construction firm Hill International has secured a project management contract for roadwork at the Madinah Central Area (MCA) development...
Apple Chooses Riyadh University as Host for its First Middle East iOS Developer Academy
U.S. tech giant Apple Inc. has chosen Riyadh University (also known as King Saud University) in Saudi Arabia’s capital city to host its...
Lifestyle Corner: Music, Museums, Culture, and the Arts in Riyadh
Under Vision 2030, Saudi Arabia’s economy and lifestyle are transforming at a dizzying pace. Visitors, residents, and expatriates all will...
$1 Billion Housing and Medical Project Inaugurated for Saudi Ministry of Defense
The Saudi Ministry of Defense has welcomed a $1 billion housing and medical project, with H.R.H. Crown Prince Mohammed bin...
Saudi Arabia Launches Online Platform to Attract Private Investment in Sports Sector
On June 21, 2021, the Saudi Ministry of Sport launched a new online licensing platform called NAFES, designed to encourage foreign investment and private partnerships in the country’s...
GE to Build First Clean Energy Desalination Plant in Saudi Arabia
GE Renewable Energy’s Grid Solutions has been awarded a contract to build a turnkey substation that will power the Yanbu-4...
Five USSBC Members Among Top 100 Construction Companies
Construction Week ranked five of the U.S.-Saudi Business Council’s members in their annual Power 100 list, which judges each company...