
All News Bulletins

SAMI L3Harris Technologies, a joint venture between Saudi Arabian Military Industries (SAMI) and L3 Harris Technologies, has announced…

Honeywell Signs Major Contract with SEPCO
Feb 4, 2021
Honeywell has signed a major contract with SEPCO to aid the development of the King Salman International…

Saudi Aramco Partners with PIF-backed U.S. Startup Magic Leap
Jan 28, 2021
Magic Leap, a U.S.-based augmented reality startup backed by the Public Investment Fund, has announced…

Amazon Prime Launched in the Kingdom
Jan 27, 2021
Amazon announced the launch of Amazon Prime in Saudi Arabia, providing a new shopping and…
Saudia, Spartan Sign Deal for Aircraft Maintenance Training
Jan 25, 2021
In alignment with Vision 2030 objectives, Saudi Arabia pushes to localize specialized labor in the field of Aeronautics. Saudi Aerospace Engineering Industries…

Hill International Awarded Facilities Management Consultancy Contract for Tatweer Building Company
Jan 13, 2021
Hill International, a U.S.-based public company specializing in managing construction risk, announced that it has…

IBM Opens First Security Operations Center in Saudi Arabia
Dec 10, 2020
IBM Managed Security Services (IBM Security) has announced the official opening of its first Saudi…

Pacific Green and Amkest Group to Create Joint Venture Company in Saudi Arabia
Dec 8, 2020
Pacific Green Technologies, Inc. and Amr Khashoggi Trading Company Limited (Amkest Group) have signed a…

Saudi Arabia Announces Labor Reforms for Foreign Employees
Nov 5, 2020
Saudi Arabia’s Ministry of Human Resources and Social Development (MHRSD) has launched its “Labor Reform…

Saudi Arabia’s 5G Network Ranked as World’s Fastest, on Track to Becoming a 5G Regulator
Oct 29, 2020
Industry tracker Opensignal has said that Saudi Arabia has the fastest 5G download speed out…

Saudi Arabia signs MoUs with IBM, Alibaba, and Huawei on AI
Oct 28, 2020
The Saudi Authority for Data and Artificial Intelligence (SDAIA) has signed Memorandums of Understanding (MoUs)…

SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces Upgrades and Refurbishment
Oct 8, 2020
The U.S. Navy has awarded USSBC member Science Applications International Corporation (SAIC) a $49.5 million contract to…

Saudi Ministry of Industry and Mineral Resources Launches Digital Licensing Service for the Mining Sector
Oct 2, 2020
Saudi Minister of Industry and Mineral Resources H.E. Bandar bin Ibrahim Alkhorayef has launched a new service giving public access…

Sabrewing Aircraft Company Announces $600 Million Deal with Arabian Development & Marketing Company for Fleet of Unmanned VTOL Cargo Aircraft
Sep 30, 2020
Sabrewing Aircraft Company has announced a five-year, renewable representation agreement with Arabian Development & Marketing…

S&P Reaffirms Saudi Arabia’s Rating at ‘A-/A-2’ with Stable Outlook
Sep 28, 2020
S&P Global Ratings has reaffirmed Saudi Arabia’s sovereign credit ratings at ‘A-/A-2’ with a stable…

2020 G20 Leaders’ Summit to be Held Virtually from November 21-22
Sep 28, 2020
The Saudi Press Agency (SPA) has announced that the 2020 G20 Leaders’ summit will be…

AECOM Chosen to Design Backbone Infrastructure for Saudi Gigaproject NEOM
Sep 15, 2020
AECOM, a U.S.-based leader in infrastructure consulting, has been chosen to design the transportation and…

G20 Agriculture and Water Ministers Discuss Food Security and Water Challenges
Sep 14, 2020
On September 12, 2020, the G20 Agriculture and Water Ministers met to discuss the COVID-19…

L3Harris Launches Saudi Flight Training Program in U.S.
Aug 13, 2020
L3Harris Technologies, a USSBC Platinum member, has launched its own flight training course in Saudi Arabia to…

Dr. Kholood Mohamed to Lead Tabuk Regional Council in Historic Appointment
Aug 13, 2020
Dr. Kholood Mohamed has been chosen as the new secretary-general of the Tabuk region’s regional council, which marks the first time a woman…

Saudi Arabia Announces Hosting of Major Global Tech Conference
Aug 11, 2020
Saudi Arabia has announced plans to host LEAP 2021, a landmark technology event to support Vision…

Saudi Arabia Announces Launch of National Sporting Academy to Nurture Local Talent
Jul 29, 2020
On July 27th, Saudi Arabia’s Sports Minister H.R.H Prince Abdulaziz bin Turki Al-Faisal unveiled the…

Saudi Arabia’s Oracle Cloud Data Center Chosen as MENA Regional Hub
Jul 23, 2020
The American IT giant Oracle, which specializes in cloud computing systems, database technology, and enterprise…

Kewaunee Scientific Corporation Accelerates Growth in Saudi Arabia with New Subsidiary
Jul 23, 2020
Kewaunee Scientific Corporation, a U.S.-based leader in designing, manufacturing, and installing laboratory, healthcare, and technical…

NEOM Awards Bechtel Executive Program Management Contract
Jul 20, 2020
Two U.S.-based construction companies, Bechtel and AECOM, have been chosen as consultants for a key…

G20 Finance Ministers to Discuss Collective Action for Sustained Global Recovery
Jul 17, 2020
On July 18, 2020, the G20 Finance Ministers and Central Bank Governors (FMCBG) will host a virtual meeting…

G20 Saudi Arabia and the Paris Forum Explore Restoring Financial Resilience and Sustainability to Emerging Economies
Jul 9, 2020
The G20 Presidency and the Paris Forum held a high-level ministerial conference on July 8 to…

Saudi Arabia Launches Six-Point Action Plan to Combat Pandemic
Jul 7, 2020
The Business extension of the G20 Presidency, B20 Saudi Arabia, announced a six-point action plan developed…

Air Products, ACWA Power and NEOM Sign Agreement for $5 Billion Green Hydrogen Project
Jul 7, 2020
Air Products has signed an agreement with ACWA Power and NEOM to develop a $5 billion green…

Saudi Arabia Announces $800 Billion Plan to Transform Riyadh as Emerging Cultural Hub
Jul 6, 2020
H.E. Fahd Al-Rasheed, President of the Royal Commission for the City of Riyadh, announced an…

King Salman Extends Initiatives to Support Private Sector during Pandemic
Jul 2, 2020
Aiming to mitigate the economic fallout on the private sector due to the COVID-19 pandemic, H.M. King…

Work Begins on Phase One of the Diriyah Gate Project
Jun 30, 2020
Saudi Arabia’s mega-project, Diriyah Gate, begins phase one of the $20 billion project, as announced…

G20 Global Partnership for Financial Inclusion Promote Financial Inclusion for Youth, Women, and SMEs
Jun 29, 2020
The G20 Global Partnership for Financial Inclusion (GPFI) concluded a two-day meeting on June 26…

Raytheon Wins $2.27 Billion Contract for Saudi Arabia
Jun 29, 2020
Raytheon Technologies was awarded a $2.27 billion contract to supply seven gallium nitride based transportable…

National Commercial Bank and Samba Sign Framework Agreement for Potential Merger
Jun 26, 2020
The National Commercial Bank (NCB), Saudi Arabia’s largest bank by assets, entered a framework agreement…

Sadara and Sipchem Join Forces on Ethanol Production to Support Saudi Arabia’s Fight Against COVID-19
Jun 17, 2020
Sadara Chemical Company (Sadara) and Sahara International Pertrochemical Company (Sipchem) are collaborating to produce a…

Khalid Al-Dabbagh Joins SABIC as Chairman
Jun 17, 2020
Saudi Basic Industries Corporation (SABIC) names Khalid Al-Dabbagh as new board chairman. Khalid Al-Dabbagh is…

Saudi Aramco Announces $70 Billion SABIC Stake Deal
Jun 17, 2020
Saudi Aramco has finalized its purchase of a 70% stake acquisition in petrochemicals company, Saudi…

Amazon.sa is Coming to Saudi Arabia
Jun 17, 2020
Amazon and Souq announced the launch of Amazon.sa to serve customers in Saudi Arabia. The…

National Water Company’s $28.5 Million Projects Officially Underway in Dammam
Jun 16, 2020
In efforts to finalize key projects and raise the quality of services in the Easter…

Saudi Industrial SMEs Can Take Advantage of SIDF’s $1 Billion Stimulus Package
Jun 16, 2020
The Saudi Industrial Development Fund (SIDF) announced a $1 billion stimulus package that allocates funds to small and…

USSBC Congratulates H.R.H. Princess Reema bint Bandar for International Olympics Committee Membership Nomination
Jun 11, 2020
H.R.H. Princess Reema bint Bandar, Saudi Arabian Ambassador to the U.S. and friend of the…

Amaala Awards Parsons Construction Supervision Contract
Jun 10, 2020
Amaala, Saudi Arabia’s ultra-luxury megaproject located along the northwestern coast, awarded Saudi Arabian Parsons Limited…

G20 Framework Working Group Meet to Review Progress on G20 Action Plan
Jun 9, 2020
The Framework Working Group (FWG) held a virtual meeting on June 8 to facilitate and…

TAQNIA Selects Lockheed Martin to Build New Satellite Ground System for Saudi Arabia
Jun 8, 2020
The Saudi Technology Development and Investment Company (TAQNIA) has selected Lockheed Martin to establish a…

G20 Digital Economy Taskforce Meet to Discuss Future of Digital Economy
Jun 5, 2020
The G20 Digital Economy Taskforce held two consecutive meetings on June 3-4 to address integrated…

Amazon Company, PayFort, Launches Initiative to Support Startups and SMEs in UAE, Egypt and Saudi Arabia
Jun 4, 2020
PayFort, payment solution provider acquired by Amazon in 2017, announced its #StartUpStayUp initiative to support…

Collins Aerospace Awarded $10 Million Contract to Provide Pod Spares to Royal Saudi Air Force
Jun 3, 2020
The Royal Saudi Air Force has selected Collins Aerospace, subsidiary of Raytheon Technologies, to provide…

Honeywell to Open New Gas Detector Factory in Saudi Arabia
Jun 2, 2020
Honeywell, U.S.-Saudi Business Council Chaiman’s Circle member and global technology leader, announced it will open a new facility for the…

G20 Saudi Arabia and United Nations Discuss Financial Recommendations During and After the COVID-19 Pandemic
Jun 1, 2020
The G20 Presidency, along with the United Nations (UN) Secretary General and Co-Chairs of the Group…

Saudi Petchems Awards McDermott International Contract for Propane Dehydrogenation
May 22, 2020
McDermott International was awarded propane dehydrogenation contract by Saudi Petchems, a subsidiary of Advanced Petrochemical Company. The agreement includes…

B20 Saudi Arabia and the International Chamber of Commerce Meet with Business Leaders to Discuss the Role of Trade Amidst the COVID-19 Pandemic
May 21, 2020
The B20 Saudi Arabia and the International Chamber of Commerce (ICC) held a virtual roundtable on May…

The Boeing Company Awarded Contract to Supply Kingdom with SLAM-ER Missiles
May 18, 2020
The Boeing Company has secured a $1.9 billion contract from the United States Navy to supply 650 Stand-off Land Attack Missile…

Fluor Named Project Management Consultant for Advanced Global Investment Company’s New Propane Complex in Saudi Arabia
May 18, 2020
Flour Corporation was selected as a project management consultant for Advanced Global Investment’s new propane dehydrogenation…

Oshkosh Defense and Al Tadrea Manufacturing Company Sign Joint Venture Agreement
May 15, 2020
Oshkosh Defense, a USSBC member, and Al Tadrea Manufacturing Company (TMC) signed a joint venture agreement to create Oshkosh…

McDermott Awarded Three Contracts for Storage Tanks in Saudi Arabia
May 15, 2020
McDermott International and CB&I Storage Solutions announced three contracts awarded to provide engineering, procurement, fabrication…

G20 Trade and Investment Ministers to Hold Second Virtual Meeting on COVID-19
May 13, 2020
The G20 Trade and Investment Ministers will hold the second Trade and Investment virtual meeting…

B20 Saudi Arabia on Developing Recommendation that Will Allow Working Women to Thrive in the Next Normal
May 12, 2020
Amidst the COVID-19 pandemic, businesses and schools have closed adding responsibilities for families to maintain…

G20 Digital Economy Task Force Held Virtual Workshop to Discuss Critical Gaps and Challenges
May 5, 2020
The G20 Digital Economy Task Force (DETF) organized a virtual workshop today to address the…

G20 Digital Economy Ministers Meet to Discuss Leveraging Digital Technology to Combat COVID-19
Apr 30, 2020
The G20 Digital Economy Ministers are holding a virtual meeting today to address leveraging digital technologies in…

G20 Saudi Arabia Supports Launch of “Access to COVID-19 Tools (ACT) Accelerator” Initiative
Apr 27, 2020
G20 Saudi Arabia supports the launch of Access to COVID-19 Tools (ACT) Accelerator, a global collaboration to…

Walid Abukhaled Appointed Acting CEO of Saudi Arabian Military Industries
Apr 24, 2020
Saudi Arabian Military Industries (SAMI) has named Eng. Walid Abukhaled as acting CEO, having previously…

G20 Trade and Investment Working Group Meet to Mitigate the Impact of COVID-19
Apr 23, 2020
Following the G20 Trade and Investment Ministers’ mandate at their meeting late March, the Trade…

FII Institute Launches Inaugural Virtual Event
Apr 23, 2020
The Future Investment Initiative Institute hosted its first virtual event entitled “Beyond the Crisis: Technology to the…

G20 Tourism Ministers Plan to Meet Virtually
Apr 22, 2020
The G20 Tourism Ministers meeting will be held on April 24 and led by Saudi…

Lockheed Martin Awarded Contract to Supply Kingdom with THAAD System
Mar 27, 2020
March 25, 2020 – Lockheed Martin Corporation has secured a $932.8 million contract modification to…

Saudi Arabia Establishes Ministries, Appoints New Ministers
Feb 25, 2020
Saudi Arabia issued several royal decrees announcing the appointment of ministers and the establishment of…

Eaton and Abunayyan Holding Form Joint Venture
Feb 21, 2020
February 21, 2020 – Multinational power management company, Eaton, and Saudi Arabian holding company, Abunayyan…

Saudi Arabia is the Second Largest Destination of U.S. Exports of Goods in the MENA Region
Feb 11, 2020
February 10, 2020 – For the first time since 2014, U.S. exports of goods to…

Foreign Direct Investment Surges in 2019
Jan 27, 2020
January 27, 2020 – Saudi Arabia’s foreign direct investment increased 10.2 percent year-on-year during the…

Saudi German Hospital Signs Agreement with U.S. Mayo Clinic
Jan 22, 2020
January 22, 2020 – Middle East Healthcare Company announced on the Saudi Stock Exchange, Tadawul,…

Bechtel Establishes New Office in Al-Khobar
Dec 17, 2019
December 16, 2019 – USSABC member Bechtel, a global leader in engineering, procurement and construction…

Boeing is Awarded $10.7 Million to Upgrade Aircraft in the Royal Saudi Arabian Air Force
Nov 26, 2019
November 26, 2019 – The Department of Defense announced a Foreign Military Sales contract awarded…

KAUST, MiSK Sign Collaborative Agreement
Nov 25, 2019
November 25, 2019 - King Abdullah University of Science and Technology (KAUST) and MiSK Initiatives…

Baker Hughes Breaks Grounds on First Chemical Manufacturing Site in the Kingdom
Nov 14, 2019
November 14, 2019 – Baker Hughes, a GE company, has broken ground on its first…

Aramco Launches Possibly Largest IPO in Financial Markets History
Nov 4, 2019
November 4, 2019 – Saudi Aramco launched its long-anticipated initial public offering (IPO) on Saudi…

Saudi Arabia Announces Foreign Investment Deals Worth $20 Billion
Oct 31, 2019
November 1, 2019 – A total of 26 investment deals valued at $20 billion have…

McDermott Secures Contract for Mixed-Feed Crackers in Saudi Arabia
Oct 31, 2019
October 22, 2019 – McDermott International, Inc. signs a contract with Saudi Aramco and its…

Saudi Arabia Assigns New Foreign and Transport Ministers
Oct 24, 2019
October 24, 2019 – Saudi Arabia has named H.R.H. Prince Faisal bin Farhan Al Saud…

Boeing Lands $11.4 million Contract for SLAM-ER Development
Sep 19, 2019
September 19, 2019 – The U.S. Navy has awarded the Boeing Company with a $11.4…

Boeing Secures $25 million FMS Contract for Saudi Arabia
Aug 2, 2019
August 2, 2019 – The Boeing Company has been awarded a $25 million contract modification…

Saudi Aramco Awards McDermott Offshore EPCI Contract
Aug 2, 2019
August 2, 2019 – McDermott International, Inc. has secured a contract from Saudi Aramco to…

Lockheed Martin Awarded $1.5 Billion Modification Contract
Jul 23, 2019
July 22, 2019 –Lockheed Martin Corporation has been awarded a modified contract to supply the…

Saudi Arabia Awards Energy Recovery with Water Projects
Jul 19, 2019
July 19, 2019 – Energy Recovery, Inc. has been awarded $5.8 million worth of contracts…

Saudi Aramco Awards McDermott $4.5 Billion Worth of Contracts
Jul 12, 2019
July 12, 2019 – McDermott International, Inc. has been awarded two contracts by Saudi Aramco…

Saudi Aramco Inaugurates New Research Facility
Jul 3, 2019
July 3, 2019 – Saudi Aramco announced the opening of a new research facility at…

Saudi Aramco and Baker Hughes Establish Joint Venture
Jul 2, 2019
July 2, 2019 – Backer Hughes, a GE company, has formed a joint venture with…

Saudi Arabia Eases Restrictions on Foreign Investors
Jul 1, 2019
June 28, 2019 – Saudi Arabia has relaxed a 49 percent limit for foreign strategic…

SABIC Launches ‘Sustainability Roadmap’
Jul 1, 2019
June 28, 2019 – Saudi Basic Industries Corporation (SABIC) unveiled its sustainability roadmap which outlines…

Saudi Arabia Reveals Qiddiya ‘Master Plan’
Jul 1, 2019
June 28, 2019 – The Qiddiya Investment Company revealed their highly anticipated plans for Qiddiya…

AECOM Hired as Project Management Consultants for NEOM Bay
Jun 27, 2019
June 26, 2019 – AECOM has been appointed by NEOM to serve as project managers…

Jacobs Awarded Major Contract for Saudi Aramco Project
Jun 27, 2019
June 27, 2019 – Jacobs Engineering Group, Inc. has been awarded a contract by SEPCO…

McDermott Awarded Large Contract from Saudi Aramco
Jun 25, 2019
June 24, 2019 – McDermott International, Inc. announced the awarding of a major contract from…

Sikorsky Awarded Multi-Million Dollar Contract
Jun 24, 2019
June 24, 2019 – Sikorsky Aircraft has been awarded a contract valued at $15 million…

Saudi Aramco Inaugurates First Saudi Hydrogen Fueling Station
Jun 18, 2019
June 18, 2019 – Saudi Aramco and Air Products and Chemicals, Inc. inaugurated the first…

L3, SAMI Enter Form JV Electro-Optical and Infrared Missions
Jun 18, 2019
L3 Technologies announced on June 18th that it has signed a joint venture agreement with…

Exxon Mobil, SABIC to Build $9 Billion Petrochemical Plant
Jun 18, 2019
June 17, 2019 – Saudi Basic Industries Corporation (SABIC) and Exxon Mobil Corporation announced the…

Boeing Awarded Multi-Million Dollar Contracts at a Value of $22 Million
May 16, 2019
May 16, 2019 – The Boeing Company has been granted contracts at a value of…

Saudi Aramco to Acquire 50 Percent Share of SASREF Joint Venture
Apr 24, 2019
April 24, 2019 – Saudi Aramco has agreed to acquire Royal Dutch Shell’s 50 percent…

Hill International Lands Two Megaproject Contracts in Saudi Arabia
Apr 24, 2019
April 23, 2019 – Pennsylvania-based Hill International has been awarded management consultancy contracts for two…

KBR to Supply Saudi Aramco with Solvent Deasphalting Technology
Apr 2, 2019
April 2, 2019 – Saudi Aramco has awarded Houston-based KBR, Inc. with a contract to…

McDermott International, Zamil Group Holding Sign JV Agreement
Apr 2, 2019
April 2, 2019 – McDermott International, Inc. has signed a joint venture agreement with Zamil…

McDermott to Establish Fabrication Facility in Ras Al-Khair
Apr 2, 2019
April 2, 2019 – McDermott Arabia Company, Ltd, a subsidiary of McDermott International, Inc. has…

Saudi Aramco Acquires Majority Stake in SABIC in $69.1 Billion Deal
Apr 2, 2019
March 27, 2019 – Saudi Aramco has acquired a 70 percent majority stake in Saudi…

Energy Recovery Awarded $8.8 Million Contracts to Reduce Power Consumption
Apr 2, 2019
March 31, 2019 – California-based Energy Recovery has been awarded $8.8 million in contracts to…

SAFE Boats Signs Partnership Agreement with Al Blagha
Mar 25, 2019
February 18, 2019 - During the Naval Defense Exposition (NAVDEX), Council member SAFE Boats International…

Mechanical Completion of World’s Largest Industrial Gas Complex
Mar 8, 2019
March 7, 2019 – Air Products and Chemicals, Inc. has achieved mechanical completion of the…
Jacobs Was Awarded FEED and PMC Contract by Petro Rabigh
Mar 8, 2019
March 1, 2019 – Jacobs Engineering Group, Inc. has secured a contract from Rabigh Refining…

Saudi Aramco Awards McDermott Offshore EPCI Contract
Feb 25, 2019
February 25, 2019 – Saudi Aramco has awarded McDermott International, Inc. with an offshore engineering,…

L3 Technologies, SAMI to Collab on Infrared Tech and Special Mission Systems
Feb 19, 2019
February 19, 2019 – L3 Technologies has signed a Memorandum of Understanding with Saudi Arabian…

SATORP Awards KBR Debottlenecking Contract in Jubail
Feb 5, 2019
February 5, 2019 – KBR has been awarded a debottlenecking contract by the Saudi Aramco-Total…

Agreement Signed to Build Kingdom’s First Hydrogen Fuel Cell Station
Jan 25, 2019
Saudi Aramco and Air Products and Chemicals, Inc. have signed an agreement to build Saudi…

Honeywell and AEC Announce MoA to Build Smart Cities & Infrastructure
Dec 20, 2018
December 18, 2018 – Honeywell International, Inc. and Advanced Electronics Company (AEC) have signed a…

Saudi Aramco and Raytheon Agree to MoU Regarding Cyber Security
Dec 20, 2018
December 18, 2018 – Saudi Aramco and Raytheon have signed a memorandum of understanding (MoU)…

Saudi Aramco Awards Baker Hughes Marjan Oilfield Service Contract
Sep 5, 2018
September 5, 2018 – Saudi Aramco has awarded Baker Hughes an integrated service contract that…

Jacobs Wins Engineering Renewal Contract from SATORP
Aug 23, 2018
August 23, 2018 – Saudi Aramco Total Refining and Petrochemical Company (SATORP) has awarded Jacobs…

SABIC, Nottingham Spirk Commercialize Thermoplastics
Aug 23, 2018
August 23, 2018 – Saudi Basic Industries Corporation (SABIC) has partnered with U.S. firm Nottingham…

Saudi Aramco, Air Products and ACWA Announce Gasification & Power JV
Aug 13, 2018
August 13, 2018 - Saudi Aramco, Air Products and ACWA Power have signed an agreement…

S&P Dow Jones to Upgrade Saudi Stocks to Emerging Market Status in 2019
Jul 27, 2018
July 27, 2018 -- The S&P Dow Jones indices will upgrade Saudi stocks from stand-alone…

Alsalam Awarded $59.7 Million Contract to Upgrade Saudi F-15s
Jul 26, 2018
July 26, 2018 --The U.S. Air Force has awarded a $59.7 million contract to Alsalam…

Aramco-Sabic JV Awarded KBR a Crude Oil to Chemicals Contract
Jul 25, 2018
July 25, 2018 – Aramco-Sabic JV, a joint venture between Saudi Aramco and Sabic, has…

Saudi Solar Panel Market to Grow at CAGR of 30.2% Between 2018 and 2024
Jul 25, 2018
July 25, 2018 -- With the $200 billion GW Solar Power Plant and the $130…

IMF Article IV Lauds Saudi’s Fiscal Objectives & Focus on Non-Oil Growth
Jul 24, 2018
The International Monetary Fund’s (IMF) Executive Board has published the full results of its bilateral…

McDermott Awarded Contract for CB&I Storage Tanks
Jul 23, 2018
July 23, 2018 – Samsung Engineering Saudi Arabia has awarded McDermott an engineering, procurement, and…

Lockheed Martin Wins $405.7M Modification Contract for Saudi Arabia
Jul 18, 2018
July 18, 2018 -- The Naval Sea Systems Command has awarded Lockheed Martin a $405.7…

Saudi Arabia Bankruptcy Law Will Take Effect on August 18, 2018
Jul 17, 2018
July 16, 2018 -- On August 18, Saudi Arabia’s first comprehensive bankruptcy law will take…

Saudi Arabia Completes Adjusted Mining Investment System
Jul 17, 2018
July 16, 2018 -- Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources has completed…

Saudi Arabia Publishes Draft Law for Public Private Partnerships
Jul 11, 2018
July 11, 2018 – Saudi Arabia’s National Center for Privatization and Public-Private Partnerships has published…

Public Investment Fund Acquires 15.2 Percent Stake in ACWA Power
Jul 9, 2018
July 09, 2018 -- Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has…

Jacobs Engineering Secures 3-Year Refinery Deal in Saudi Arabia
Jun 21, 2018
June 21, 2018 – Jacobs Engineering has secured a 3-year contract to help optimize production…

Fitch Ratings Affirms Saudi Arabia’s Rating at A+ with Stable Outlook
Jun 14, 2018
June 14, 2018 -- Fitch Ratings has affirmed Saudi Arabia’s rating at an A+ with…

Mayer Brown Signs Agreement with Al-Yaqoub Attorneys & Legal Advisors
Jun 7, 2018
June 06, 2018 – Mayer Brown and Saudi Arabian firm Al-Yaqoub Attorneys & Legal Advisors…

Saudi Aramco Awards Gas Services Contract to Halliburton
Jun 7, 2018
June 06, 2018 – Saudi Aramco announced that it has awarded Halliburton a contract for…

Boeing Awarded Contract to Build Chinook Helicopters for Saudi Arabia
Jun 6, 2018
June 05, 2018 – The Defense Department has awarded The Boeing Company a contract to…

AccountAbility Updates Sustainability & Performance Guidance
May 16, 2018

Moody’s Report Reaffirms that Saudi Arabia has an A1 Credit Rating
May 4, 2018
May 3, 2018 – In its latest Annual Credit Analysis report, Moody’s has reaffirmed Saudi…

SABIC and ExxonMobile Launch Gulf Coast Growth Ventures
May 4, 2018
May 3, 2018 – Saudi Basic Industries Corporation (SABIC) and ExxonMobil have a created a…

Saudi Intellectual Property Authority Boosts Economy
Apr 30, 2018
April 27, 2018 – The Saudi Intellectual Property Authority (SIPA) has announced the development of…

Saudi Arabia’s Privatization Program Plans Have Been Approved
Apr 26, 2018
April 26, 2018 – Saudi Arabia’s Council of Economic and Development Affairs has approved “Delivery…

Cinema Returns to Saudi Arabia, AMC Theatres Screens “Black Panther”
Apr 19, 2018
April 19, 2018 – Saudi Arabia’s first movie theater in over three decades was officially…

Wood Group Wins Aramco, SABIC Contract – Develop World’s Largest COTC
Mar 9, 2018
March 8, 2018 - Britain’s energy service provider, Wood Group, was chosen by Saudi Aramco…

Bismarck State College Has Been Selected to Train Saudi Arabia’s Youth
Mar 6, 2018
March 5, 2018 – Bismarck State College has entered into a five-year agreement with the…

Lockheed Martin, Wahaj Collaborate to Advance KSA Defense Sector
Mar 1, 2018
March 1, 2018 – Lockheed Martin has signed a teaming agreement with the Saudi-based Wahaj,…

General Electric, Tatweer Holding Sign Agreement to Develop Medical Facility
Feb 7, 2018
February 7, 2018 – GE Healthcare and Tatweer Medical Co. have signed an MoU to…

Emerson Inaugurates State-of-the-Art Center in Saudi Arabia
Feb 5, 2018
February 5, 2018 – Emerson has launched a new $25 million technology and innovation center…

Saudi Arabia Reveals New Plans for Unprecedented Art Institute
Jan 31, 2018
January 30, 2018 – Saudi Arabian plans to build a cutting-edge art institute in Riyadh…

Saudi Aramco and Achates Power Team Up to Develop High-Efficient Motors
Jan 24, 2018
January 14, 2017 – Aramco Services Company, a subsidiary of Saudi Aramco, and Achates Power…

Saudi Fund in Talks to Invest more than $500 million in Endeavor
Jan 24, 2018
January 16, 2017 – Saudi Arabia’s Public Investment Fund is in preliminary discussions with Endeavor,…

Saudi Aramco Joint Venture Awards CB&I with EPC Contract
Jan 24, 2018
December 8, 2017 – Saudi Aramco Shell Refinery (SASREF) has awarded Chicago Bridge & Iron Company…

SABIC Recognized as One of Top 100 Global Energy Leaders by Thomson Reuters
Nov 21, 2017
November 20, 2017 – Saudi Arabian Basic Industries Corporation (SABIC) was named to the Thomson…

TAQNIA Alliance to Enhance Aviation Manufacturing in Saudi Arabia
Nov 20, 2017
TAQNIA Aeronautics and several other Saudi aviation companies have signed a memorandum of understanding (MoU)…

Saudi Aramco Awards 8 Contracts Worth $4.5 Billion
Nov 20, 2017
Saudi Aramco has signed oil and gas agreements with five contractors in deals worth nearly…

Saudi Arabia Clarifies VAT Exemptions
Nov 20, 2017
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has clarified that items classified as…

GE and SEC Collaborate to Boost Saudi Power Sector
Nov 19, 2017
GE Power and the Saudi Electricity Company (SEC) signed two agreements to collaborate on identifying…

Fitch Ratings Commends Saudi Economic Reforms, Affirms A+ Rating
Nov 19, 2017
The Fitch Ratings Agency has maintained its A+ on Saudi Arabia with a stable outlook,…

KAPSARC Headquarters Achieves LEED Platinum Status
Oct 27, 2017
The King Abdullah Petroleum Studies and Research Centre’s (KAPSARC) headquarters in the outskirts of Riyadh…

Saudi Arabia Grants Stock Exchange Access to Foreign Investors
Oct 26, 2017
The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors…

S&P Global Ratings Launches Operations in Riyadh
Oct 24, 2017
The Capital Market Authority has issued Standard & Poor’s Global Ratings (S&P) with its final…

PIF Undertakes Multi-Billion Dollar Investments in Diversified Saudi Sectors
Oct 23, 2017
The Public Investment Fund (PIF) invested $506 million (SR1.9 billion) to establish Super Esco, a…

Saudi Arabia Revises Rules to Boost Asset Management Market
Oct 23, 2017
The Capital Market Authority (CMA) has loosened financial regulations to enhance asset management activity and…
Sadara Starts Production at its Amines Plant
Jul 18, 2017
Sadara Chemical Company started production at its new Amines plant, one of the company’s 26…
Honeywell Signs Deal to Support Yanbu Complex
Jul 18, 2017
Honeywell UOP signed a deal with Farabi Petrochemicals Company to support biodegradable detergent production in…
Saudi Aramco Wins Approval
to Create New Energy Industrial City
Jul 11, 2017
Saudi Aramco received permission from the Saudi Government to create a new energy industrial city.…
Sadara Begins Production at Propylene Glycol Plant
Jul 10, 2017
Sadara Chemical Company’s propylene glycol plant began production, marking another key step towards the completion…
The Dow Chemical Company Announces Plans
for $100 Million Polymer Facility in Saudi Arabia
Jul 6, 2017
The Dow Chemical Company announced that it will build a polymer plant for various coatings…
Lockheed Martin Awarded $3.8 Billion Contract
Jun 30, 2017
Lockheed Martin Corporation's subsidiary, Sikorsky Aircraft Corporation, was awarded a contract with the U.S. Army…
Fluor, Ma’aden Sign MOU
Jun 28, 2017
https://www.businesswire.com/news/home/20170628005181/en/Fluor-Signs-Memorandum-Understanding-Saudi-Arabian-Mining
USSABC President and CEO Presents
on Vision 2030 at NCUSAR Briefing
Jun 23, 2017
On June 20th, Edward Burton, President and CEO of the U.S.-Saudi Arabian Business Council (USSABC),…
Abdulrahman Al-Ghabban Named
New Saudi Country Manager for Bechtel
Jun 19, 2017
Mr. Abdulrahman Al-Ghabban was recently appointed Saudi Arabia’s new country manager for Bechtel. Abdulrahman Al-Ghabban…
Emerson Signs Key MOU with Saudi Aramco
Jun 13, 2017
Emerson and Saudi Aramco have signed a strategic deal that aims at digitally transforming the…
Sadara Commences Butyl Glycol Ether Production
Jun 11, 2017
The largest chemical complex in the world, Sadara Chemical Company has announced the commencement of…
Saudi Aramco, Jacobs Engineering
Reach Infrastructure Partnership Agreement
Jun 8, 2017
Saudi Aramco reached an agreement with Jacobs Engineering Group Inc. to form a joint venture…
Saudi Aramco to Invest up to $30 Billion
in Motiva Enterprises by 2023
Jun 8, 2017
Saudi Aramco announced its goal to invest up to $30 billion in subsidiary Motiva Enterprises…
SEC Finalizes SR5.5 Billion Northern Region Projects
Jun 8, 2017
Saudi Electricity Company (SEC) finalized $1.46 billion (SR5.5 billion) worth of projects in the northern…
General Electric, Dussur Announce $267 Million Joint Venture
May 24, 2017
General Electric Company (GE) announced a $267 million (SR1 billion) joint venture with Saudi Arabian…
Boeing Signs Multiple Defense
and Commercial Deals with Saudi Arabia
May 22, 2017
The Boeing Company signed several commercial and defense deals with Saudi Arabia. The Kingdom will…
Lockheed Martin Signs Contracts
with Saudi Arabia Worth $28 Billion
May 20, 2017
Lockheed Martin Corporation signed $28 billion worth of deals with Saudi Arabia to provide integrated…
Saudi Arabia Creates Defense Manufacturing Company
May 18, 2017
Saudi Arabia launched Saudi Arabian Military Industries (SAMI) to manufacture equipment and provide services for…
General Electric, Obeikan Investment
Group Sign Agreement to Digitize Facilities
May 16, 2017
General Electric Company (GE) has partnered with Obeikan Investment Group to provide state-of-the-art digital solutions…
SABIC Partners with DuPont to Enhance
‘Social Responsibility’ Services
May 10, 2017
Saudi Basic Industries Corporation (SABIC) has partnered with DuPont Sustainable Solutions (DSS) in a bid…
Saudi Arabia, Boeing Agree to $143.4 Million Deal
May 10, 2017
Saudi Arabia has contracted The Boeing Company to modify its AH-64E Apache attack helicopters in…
Exxon, SABIC Choose Texas Location for Joint Project
Apr 19, 2017
ExxonMobil and Saudi Basic Industries Corporation (SABIC) have selected a site for a petrochemicals project.…
GE to Supply Power to Saudi Arabia’s Southern Region
Apr 13, 2017
GE signed an agreement with National Grid SA to deliver power to up to 25,000…
Boeing Awarded $3.4 Billion Apache Helicopter Contract
Mar 22, 2017
The Boeing Company signed a $3.4 billion base contract with the U.S. Army, which includes…
IBM Signs Deal to Provide Technology Training
Mar 11, 2017
IBM reached an agreement with the Saudi Ministry of Telecommunications and Information Technology to provide…
Ma’aden, SANAM Reach Deal for Aluminum Parts
Mar 11, 2017
Saudi Arabian Mining Company (Ma’aden) and the Saudi Arabia National Automotive Manufacturing Company (SANAM) agreed…
Ma’aden Receives Energy Management Certification
Mar 11, 2017
The Saudi Arabian Mining Company (Ma’aden) received an ISO 50001 energy certification for an ammonia…
Saudi Aramco Chooses Morgan
Stanley, J.P. Morgan to Advise on IPO
Feb 22, 2017
Saudi Aramco selected Morgan Stanley and J.P. Morgan Chase & Co. to advise on its…
Bechtel Chosen to Oversee Saudi
Arabia’s National Project Management Organization
Feb 22, 2017
Bechtel was awarded a contract by the Saudi government to run the new National Project…
Pfizer Signs Commercial Agreement
with Tabuk Pharmaceuticals
Feb 16, 2017
Pfizer Saudi Limited signed an exclusive commercial agreement with Tabuk Pharmaceuticals. The deal will permit…
Sadara Signs Cooperation Agreement for Automotive Cluster
Feb 16, 2017
Sadara Chemical Company signed a cooperation agreement with Saudi National Automobiles Manufacturing Company (SNAM). Sadara…
Bahri Signs Service Agreement with SAR
Feb 16, 2017
The National Shipping Company of Saudi Arabia (Bahri) signed an agreement with Saudi Rail Company…
AL WAHA Petrochemicals to Use
Honeywell’s Connected Performance Services
Jan 30, 2017
Honeywell’s Connected Performance Services (CPS) will be used by AL WAHA Petrochemicals Company in an…
Dow Seeks to Increase Investments in Saudi Arabia
Jan 9, 2017
Charles Swartz, President of The Dow Chemical Company in Saudi Arabia, stated that the company…
Pfizer Opens KAEC Manufacturing Facility
Jan 9, 2017
Pfizer Saudi Limited opened its $50 million manufacturing facility at King Abdullah Economic City (KAEC).…
Boeing Delivers First Shipment of Little Bird Helicopters
Dec 21, 2016
The Boeing Company delivered its first shipment of Little Bird helicopters to Saudi Arabia. Previous…
Saudi Aramco, GE Deliver Saudi Arabia’s First Wind Turbine
Dec 19, 2016
General Electric Company (GE) and Saudi Aramco delivered the Kingdom’s first wind turbine. The turbine…