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
Jacobs to Support New Airport Development in Saudi Arabia
Jacobs was selected by King Salman International Airport Development Company to provide concept masterplan validation, detailed masterplan design, runway design, and other services for the King Salman International Airport in Riyadh, Saudi Arabia.
Jacobs is a member of the Business Council.
Saudi Housing Sector Secures Key U.S. Deals to Boost Real Estate Development
Saudi Arabia’s housing sector has strengthened its international partnerships by signing five key agreements on real estate development and financing with major U.S. companies, including with BlackRock, Inc., King Street Capital, Apollo Global Management, and K. Hovnanian ME.
ICT
PIF’s Savvy Games Group Partners with Xsolla to Launch Gaming Hub in Riyadh
Public Investment Fund-owned Savvy Games Group has signed a memorandum of understanding with U.S.-based gaming commerce firm Xsolla to establish an interactive entertainment hub in Riyadh.
Oracle Launches Second Public Cloud Region in Saudi Arabia, Bolstering the Kingdom’s AI Economy
Technology firm Oracle Corp. has launched its second public cloud region in Riyadh as part of a $1.5 billion (SR5.62 billion) investment to enhance Saudi Arabia’s digital infrastructure.
Aviation and Aerospace
MD Helicopters LLC signed a 5-year, $19 million support contract with the Saudi Arabian National Guard (SANG) to provide spare parts, repair & overhaul, and in-country technical and logistical support for SANG’s 12 x MD530F helicopter flight training fleet.
