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
Bechtel Selected as Project Management Consultant for the 2030 World Expo in Saudi Arabia
Bechtel announced it has been appointed project management consultant (PMC) for the 2030 World Expo in Riyadh, Saudi Arabia. Held every five years in a different host country, the 2030 event, with the theme “Foresight for Tomorrow,” will center on the Kingdom’s Vision 2030 roadmap toward a vibrant society, thriving economy, and ambitious future.
Bechtel Corporation is a member of the U.S.-Saudi Business Council.
AECOM Enters Strategic Partnership with SILZ Company to Support Saudi Integrated Logistics Growth
AECOM has announced a strategic partnership with Special Integrated Logistics Zones Company (SILZ), the Kingdom of Saudi Arabia’s premier developer and operator of integrated logistics zones. This partnership is designed to accelerate Saudi Arabia’s emergence as a global integrated logistics leader, aligning with Saudi Vision 2030’s goals of economic diversification, sustainable development, and enhanced global trade integration.
ICT
xAI in Talks to Lease Data Center Capacity in Saudi Arabia
Elon Musk’s xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported, citing people familiar with the matter. The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigawatts of capacity, and another company building a smaller but more immediately available 200-megawatt facility, according to the report.
Tourism & Entertainment
Five Iron Golf, a global provider of golf and immersive golf experiences, announced a strategic partnership with Golf Saudi to launch multiple Five Iron Golf locations throughout the Kingdom of Saudi Arabia. The first venue is expected to open in Riyadh in 2026 and will be designed as one of Five Iron’s global flagship indoor golf locations.
