G20 Saudi Arabia Supports Launch of “Access to COVID-19 Tools (ACT) Accelerator” Initiative
G20 Saudi Arabia supports the launch of Access to COVID-19 Tools (ACT) Accelerator, a global collaboration to accelerate the development, production and...
Walid Abukhaled Appointed Acting CEO of Saudi Arabian Military Industries
Saudi Arabian Military Industries (SAMI) has named Eng. Walid Abukhaled as acting CEO, having previously served as Strategy and Business...
G20 Trade and Investment Working Group Meet to Mitigate the Impact of COVID-19
Following the G20 Trade and Investment Ministers’ mandate at their meeting late March, the Trade and Investment Working Group (TIWG)...
FII Institute Launches Inaugural Virtual Event
The Future Investment Initiative Institute hosted its first virtual event entitled “Beyond the Crisis: Technology to the Rescue”. The event marks the...
G20 Tourism Ministers Plan to Meet Virtually
The G20 Tourism Ministers meeting will be held on April 24 and led by Saudi Tourism Minister, H.E. Ahmed Al-Khateeb....
Lockheed Martin Awarded Contract to Supply Kingdom with THAAD System
March 25, 2020 – Lockheed Martin Corporation has secured a $932.8 million contract modification to produce Terminal High Altitude Area...
Saudi Arabia Establishes Ministries, Appoints New Ministers
Saudi Arabia issued several royal decrees announcing the appointment of ministers and the establishment of new ministries. A newly established...
Eaton and Abunayyan Holding Form Joint Venture
February 21, 2020 – Multinational power management company, Eaton, and Saudi Arabian holding company, Abunayyan Holding, have formed a joint...
Saudi Arabia is the Second Largest Destination of U.S. Exports of Goods in the MENA Region
February 10, 2020 – For the first time since 2014, U.S. exports of goods to the Middle East and North...
Foreign Direct Investment Surges in 2019
January 27, 2020 – Saudi Arabia’s foreign direct investment increased 10.2 percent year-on-year during the first eight months of 2019...