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.
Oil, Gas, & Petrochemicals
Finance and Investment
Saudi Developer Dar Global Eyes $300 Million Investment in U.S. Expansion
Saudi Arabia’s property developer Dar Global plans to invest $300 million (SR1.125 billion) in New York, Miami, and Los Angeles in the coming months as it seeks partners to develop luxury homes in the United States.
ICT
Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announced that Luna Space Telecommunications Co. Ltd., a leading Saudi Arabia service provider under the Skyband Holding company, has purchased a JUPITER™ System Gateway as well as 1,200 Hughes JUPITER Terminals to transform its VSAT network.
