STC, Facebook Recognized as Among Top Ten Influencer Brands in Saudi Arabia
Ipsos, a global market research and consultancy firm, has revealed its findings for the most influential brands in the Kingdom. The survey found that Saudi...
NEOM to Develop Assembly Plant for Hydrogen-Powered Vehicles
NEOM plans to develop a hydrogen plant to assemble 10,000 hydrogen fuel cell-powered commercial vehicles a year. This initiative is...
Parsons Corporation Awarded NEOM Contract
NEOM has awarded the U.S.-based engineering firm Parsons Corporation, a member of the U.S.-Saudi Business Council, with the project management consultancy role for...
Saudi Arabia’s 2021 Growth Forecast Rises to 2.9 Percent
The International Monetary Fund raised its forecast for Saudi Arabia’s economic growth to 2.9 percent, compared to its earlier January...
Sawafi, Saudi Private Oilfield Services Company, Acquires U.S. Drilling Company
Announcement by Simmons Energy: Sawafi Al-Jazeera Oilfield Products and Services Co. Ltd. (“Sawafi”) has acquired the entire share capital of...
Lockheed Awarded $610 Million Saudi THAAD Deal
Lockheed Martin Corporation has been awarded a $610.5 million Foreign Military Sales (FMS) contract to provide a range of support services...
Riyadh’s Kingdom Hospital Approved as First Private Hospital to Administer Vaccinations
As the world continues to fight the COVID-19 pandemic through vaccinations and containment measures, Saudi Arabia has made notable progress...
Honeywell International and Mouwasat Medical Services Sign Contract to Provide Digitization and Energy Optimization
Global technology company Honeywell International, a Platinum-level member of the U.S.-Saudi Business Council, has been awarded a contract to install integrated...
King Salman Issues Several New Royal Orders
On Friday, March 12, Custodian of the Two Holy Mosques H.M. King Salman issued several royal orders that made new appointments in cabinet...
SAMI Signs Deal with Lockheed Martin at IDEX
At the 2021 Abu Dhabi International Defense Exhibition and Conference (IDEX), Saudi Arabian Military Industries (SAMI) agreed to a 51 percent owned...