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
Gensler, DMAA, and Mott MacDonald Win Roles on Saudi Arabia’s The Line
Consultants from the U.S., Austria, and the U.K. have been chosen to fill the roles of urban designer, planning consultant, and infrastructure designer for the first phase of The Line, a 170km-long, 200m-wide city planned for northern Saudi Arabia.
NEOM is a member of the U.S.-Saudi Business Council.
ICT
Black Buffalo 3D and AM Unique (a subsidiary of Namthaja) have partnered to develop concrete projects in the Middle East and execute them using 3D printing technology.
Abstract Security, a U.S.-based provider of security data fabric and analytics, announced the launch of its hosted solution on Google Cloud Platform in Saudi Arabia.
Investment
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million.
Tourism & Entertainment
Populous Unveils Saudi Arabia’s New Stadium for Sports and Entertainment
Saudi Arabia has unveiled the Populous-designed King Salman Stadium, a 92,000-capacity facility in Riyadh for football matches and entertainment experiences.
