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.
TRANSPORTATION & SHIPPING
Saudi Arabia Confirms Boom Supersonic Investment
Saudi Arabia’s Neom Investment Fund, the financing group associated with the Saudi smart city development, has confirmed finalization of a strategic investment in high-speed airliner developer Boom Supersonic.
NEOM is a member of the Business Council.
DEFENSE & SECURITY
Dragos and Aramco Sign MOU Regarding the Protection of Industrial Infrastructure in Saudi Arabia
Dragos Inc., the global leader in cybersecurity for operational technology environments, announced that it has signed a memorandum of understanding (MOU) with Aramco to review potential opportunities to help protect critical industrial assets and infrastructure for Aramco and its affiliates.
Saudi Aramco is a member of the Business Council.
ICT
NEOM Inks Multiple MOUs to Accelerate Clean Industrial Transformation
Saudi Arabia’s sustainable energy push in NEOM is expected to get a further boost as the Kingdom’s $500-billion megacity has signed deals with Bosch and Bain & Co. to accelerate clean industrial transformation in Oxagon.
NEOM is a member of the Business Council.
RTX Selected to Provide Development and Services at NEOM Bay Airport
The Innovative Contractors for Advanced Dimensions announced today that it has selected Collins Aerospace, an RTX business, for delivery, deployment, and support services for airport operational and passenger processing systems for the NEOM Bay Airport in NEOM City, Saudi Arabia.
RTX and NEOM are members of the Business Council.
Google Launches New Cloud Region in Saudi Arabia
Saudi businesses are poised to benefit from expanded access to efficient online platforms with the launch of a new Google Cloud region in Dammam. The tech giant aims to provide advanced and swift cloud services to a diverse clientele in the Kingdom and the Middle East, catering to small and medium-sized enterprises, as well as startups.
LogRhythm, a company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, has expanded its presence in Saudi Arabia to secure and protect the country’s growing digital infrastructure. The launch of its new regional headquarters in Riyadh strengthens its existing on-the-ground support for local customers, enabling them to effectively bolster their cybersecurity postures.
Riyadh Air and IBM announced the signing of a strategic agreement in which IBM Consulting will be the lead systems integrator to support creating, building, and orchestrating the technology foundation that can help the airline offer exceptional and seamless travel experiences.
Saudi Healthcare Set for Technological Boost as Ministry signs MOU
The Saudi Ministry of Health has inked an MOU with the medical technology giant Becton, Dickinson and Co., with the aim of advancing digital transformation through modern technology.
