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.
Information and Communications Technology
AMD, Cisco, and HUMAIN Expand Saudi Arabia’s AI Infrastructure as AMD Instinct Systems Go Live
AMD, Cisco, and HUMAIN, a PIF company delivering full-stack AI solutions, announced that AMD Instinct MI355X GPU-based AI infrastructure built on Cisco Silicon One-based AI networking is now live in Saudi Arabia and serving HUMAIN customers in the Kingdom and beyond.
Cisco and HUMAIN are members of the U.S.-Saudi Business Council.
StrikeReady Announces Investment Led by Wa’ed Ventures to Power Unmetered AI Security Operations
StrikeReady, a Composite AI platform for security operations, announced it has received an investment from Wa’ed Ventures, the domestic venture capital arm of Aramco. The new round brings the company’s total funding raised to $29 million. StrikeReady will use the capital to enable its MENA expansion – establishing a Kingdom of Saudi Arabia subsidiary as its regional headquarters, and to scale its Composite AI platform for enterprise security teams globally.
The Tech Announcements You Need to Know From LEAP 2026
LEAP 2026 is happening as the Kingdom’s digital economy reaches $199 billion, up 69 percent from $118 billion when the event launched in 2022. More than $15 billion in technology investments and strategic commitments marked the opening of the 2026 edition of LEAP, which ran in Riyadh, Saudi Arabia, from August 31 to September 3.
Elm Inks Development, Operation Contract with SASO
Elm Co. signed a contract with the Saudi Standards, Metrology and Quality Organization (SASO) to develop and operate a Product Safety Platform, with expected revenue of about 15% of its total revenue based on its audited 2025 financial statements. The project includes developing an integrated digital platform that will serve as the system’s technical infrastructure, as well as carrying out other operational tasks.
Tourism & Hospitality
Hilton will press ahead with an aggressive expansion plan in the Middle East despite the global hospitality company suffering a sharp hit to its revenue from the Iran war, its regional head has said. Hilton is introducing new brands such as Spark and Tempo to Saudi Arabia as it targets a broader mix of luxury, lifestyle and mid-market properties to capture shifting demand in the region.
Hilton is a member of the U.S.-Saudi Business Council.
Oil & Energy
Global energy technology company SLB announced it has been awarded four integrated well construction contracts by Aramco to support oil and gas development across the Kingdom of Saudi Arabia. Under the contracts, SLB will manage end-to-end well construction services, delivering more than 450 wells in the three-year term, with an optional extension of up to two years.
Aramco is a member of the U.S.-Saudi Business Council.
Food & Agriculture
The Ministry of Environment, Water and Agriculture and the Environmental Fund signed five agreements and memorandums of understanding with Tanmiah Food Company, Morgan Stanley Investment Management, Saudia Group, and Petromin on September 17, 2026, in Riyadh. The agreements aim to expand investment, innovation, and private-sector participation in Saudi Arabia’s environmental and agricultural sectors, supporting the Kingdom’s sustainability goals and Saudi Vision 2030.
Morgan Stanley is a member of the U.S.-Saudi Business Council.
Transportation & Logistics
The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced that it received orders for 3,400 new railcars with an aggregate value of approximately $600 million during its fiscal fourth quarter ending August 31, 2026. The orders span a range of railcar types and end markets, including 780 railcars for the Saudi Arabian government-owned SAR.
Legal
TransPerfect Legal, a global provider of legal technology, AI, and advisory services, announced an expanded in-country legal technology offering in Saudi Arabia that brings together Relativity Server, Reef Discovery, and Brainspace for the first time. Hosted in Riyadh, the offering enables legal and regulatory teams to process, analyze, and review data whilst keeping it within the Kingdom.
