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.
Education
University of New Haven, Saudi Arabia Announce Joint Support to Establish Branch Campus in Riyadh
The University of New Haven signed a memorandum of understanding with Saudi Arabia’s Ministry of Education, its Ministry of Investment, and the Royal Commission for Riyadh City to support the University establishing a branch campus in Riyadh.
University of New Haven is a member of the Business Council
Investment
Bain & Co. Chooses Riyadh for Regional HQ Amid Saudi Business Push
U.S.-based management consulting firm Bain & Co. has announced the opening of its new regional headquarters in Riyadh, as the Kingdom’s capital continues to attract top global firms.
BNY Gets License for Saudi Regional HQ as Global Banks Grow Presence
Bank of New York Mellon has received a license to set up a regional headquarters in Saudi Arabia, it said, joining others lured by incentives as the Kingdom seeks to boost its appeal as a financial hub.
Automotive
Cybertrucks in the Desert: Tesla Launches in Saudi Arabia
Tesla has launched operations in Saudi Arabia, a sign that the Kingdom is moving forward with an ambitious electric-vehicle policy.
Aerospace & Aviation
UAV Corp continues its relentless drive toward aerospace innovation, overcoming logistical challenges with unwavering determination.
ICT
SS&C Strengthens Middle East Business with Saudi Arabia Office
SS&C Technologies Holdings, Inc. announced an expansion of its global footprint by opening a new office in Riyadh, Saudi Arabia. The office will enable SS&C to forge new relationships and work more closely with the Capital Markets Authority and the Saudi Arabian Monetary Agency.
Renewables
Ronn Inc., a global innovator in hydrogen mobility and clean energy infrastructure, announced that it has entered into a Strategic Commercial Market Access Agreement with a respected international intermediary group specializing in Saudi Arabia with early-stage relationship development between high-growth technology firms and sovereign infrastructure partners.
