King Salman Appoints New Ministers of Health and Hajj and Umrah
Custodian of the Two Holy Mosques H.M. King Salman announced a number of important changes…
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FedEx Express Announces $400 Million, 10-Year Investment Plan in Saudi Arabia
FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, announced…
Saudi Arabia Releases 2021 Pre-Budget Statement
Saudi Arabia’s revenues are expected to reach $240.8 billion in 2022, according to a pre-budget statement…
S&P Affirms Saudi Arabia’s A-/A-2 Credit Rating
S&P Global Ratings has affirmed Saudi Arabia’s A-/A-2 credit rating with a stable outlook. The ratings agency…
Fitch Improves Saudi Arabia’s Outlook to Stable
Fitch Ratings has revised Saudi Arabia’s outlook from negative to stable and maintained the Kingdom’s…
DynCorp Awarded $27 Million to Support Saudi Arabia’s Royal Saudi Land Forces Aviation Command
DynCorp International LLC, based in Forth Worth, Texas, was awarded a nearly $28 million modification…
IMF Releases Report on 2021 Article IV Consultation with Saudi Arabia
The International Monetary Fund (IMF) has recently released its report on its 2021 Article IV consultation with Saudi Arabia. Article IV consultations,…
U.S. Firm Hill International Awarded Madinah Central Area Development Contract
U.S.-based construction firm Hill International has secured a project management contract for roadwork at the…
Apple Chooses Riyadh University as Host for its First Middle East iOS Developer Academy
U.S. tech giant Apple Inc. has chosen Riyadh University (also known as King Saud University) in Saudi Arabia’s…
$1 Billion Housing and Medical Project Inaugurated for Saudi Ministry of Defense
The Saudi Ministry of Defense has welcomed a $1 billion housing and medical project, with…
USSBC Member Greenpoint Unveils V-VIP Interior Concept Shortlisted for Design Award
On June, 18 2021 the International Yacht & Aviation Awards 2021 shortlisted U.S.-Saudi Arabian Business…
GE to Build First Clean Energy Desalination Plant in Saudi Arabia
GE Renewable Energy’s Grid Solutions has been awarded a contract to build a turnkey substation…
Five USSBC Members Among Top 100 Construction Companies
Construction Week ranked five of the U.S.-Saudi Business Council’s members in their annual Power 100…
Boeing Assigned $78.36 Million Contract Modification for Saudi Missiles
The Boeing Company has been awarded a $78.36 million modification contract to provide Saudi Arabia with…
Majid Al Futtaim Appoints AECOM for Consultancy Services for New Mall in Riyadh
Majid Al Futtaim awarded a four-year contract to the global infrastructure consulting firm, AECOM, with…
Olayan Group, Other USSBC Members among Top 100 Arab Family Businesses
USSBC Platinum member Olayan Group was recognized as the top Arab family business in 2021,…
SDAIA and IQVIA Sign Agreement to Develop Artificial Intelligence Research in the Saudi Health Field
The National Center for Artificial Intelligence, the innovative arm of the Saudi Data and Artificial Intelligence Authority…
STC, Facebook Recognized as Among Top Ten Influencer Brands in Saudi Arabia
Ipsos, a global market research and consultancy firm, has revealed its findings for the most influential brands…
NEOM to Develop Assembly Plant for Hydrogen-Powered Vehicles
NEOM plans to develop a hydrogen plant to assemble 10,000 hydrogen fuel cell-powered commercial vehicles…
Parsons Corporation Awarded NEOM Contract
NEOM has awarded the U.S.-based engineering firm Parsons Corporation, a member of the U.S.-Saudi Business Council, with the…
Saudi Arabia’s 2021 Growth Forecast Rises to 2.9 Percent
The International Monetary Fund raised its forecast for Saudi Arabia’s economic growth to 2.9 percent,…
Sawafi, Saudi Private Oilfield Services Company, Acquires U.S. Drilling Company
Announcement by Simmons Energy: Sawafi Al-Jazeera Oilfield Products and Services Co. Ltd. (“Sawafi”) has acquired…
Lockheed Awarded $610 Million Saudi THAAD Deal
Lockheed Martin Corporation has been awarded a $610.5 million Foreign Military Sales (FMS) contract to provide…
Riyadh’s Kingdom Hospital Approved as First Private Hospital to Administer Vaccinations
As the world continues to fight the COVID-19 pandemic through vaccinations and containment measures, Saudi…
Honeywell International and Mouwasat Medical Services Sign Contract to Provide Digitization and Energy Optimization
Global technology company Honeywell International, a Platinum-level member of the U.S.-Saudi Business Council, has been awarded…
King Salman Issues Several New Royal Orders
On Friday, March 12, Custodian of the Two Holy Mosques H.M. King Salman issued several royal orders that…
SAMI Signs Deal with Lockheed Martin at IDEX
At the 2021 Abu Dhabi International Defense Exhibition and Conference (IDEX), Saudi Arabian Military Industries…
Joint Venture Between SAMI and L3Harris Technologies Begins Operations
SAMI L3Harris Technologies, a joint venture between Saudi Arabian Military Industries (SAMI) and L3 Harris Technologies, has announced…
Honeywell Signs Major Contract with SEPCO
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
Magic Leap, a U.S.-based augmented reality startup backed by the Public Investment Fund, has announced…
Amazon Prime Launched in the Kingdom
Amazon announced the launch of Amazon Prime in Saudi Arabia, providing a new shopping and…
Saudia, Spartan Sign Deal for Aircraft Maintenance Training
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
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
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
Pacific Green Technologies, Inc. and Amr Khashoggi Trading Company Limited (Amkest Group) have signed a…
Saudi Arabia Announces Labor Reforms for Foreign Employees
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
Kewaunee Scientific Corporation, a U.S.-based leader in designing, manufacturing, and installing laboratory, healthcare, and technical…
NEOM Awards Bechtel Executive Program Management Contract
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
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
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
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
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
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
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
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
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
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
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
Sadara Chemical Company (Sadara) and Sahara International Pertrochemical Company (Sipchem) are collaborating to produce a…
Khalid Al-Dabbagh Joins SABIC as Chairman
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
Saudi Aramco has finalized its purchase of a 70% stake acquisition in petrochemicals company, Saudi…
Amazon.sa is Coming to Saudi Arabia
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
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
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
H.R.H. Princess Reema bint Bandar, Saudi Arabian Ambassador to the U.S. and friend of the…
Amaala Awards Parsons Construction Supervision Contract
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Following the G20 Trade and Investment Ministers’ mandate at their meeting late March, the Trade…
FII Institute Launches Inaugural Virtual Event
The Future Investment Initiative Institute hosted its first virtual event entitled “Beyond the Crisis: Technology to the…
G20 Tourism Ministers Plan to Meet Virtually
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
March 25, 2020 – Lockheed Martin Corporation has secured a $932.8 million contract modification to…
Saudi Arabia Establishes Ministries, Appoints New Ministers
Saudi Arabia issued several royal decrees announcing the appointment of ministers and the establishment of…
Eaton and Abunayyan Holding Form Joint Venture
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
February 10, 2020 – For the first time since 2014, U.S. exports of goods to…
Foreign Direct Investment Surges in 2019
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
January 22, 2020 – Middle East Healthcare Company announced on the Saudi Stock Exchange, Tadawul,…
Bechtel Establishes New Office in Al-Khobar
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
November 26, 2019 – The Department of Defense announced a Foreign Military Sales contract awarded…
KAUST, MiSK Sign Collaborative Agreement
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
November 14, 2019 – Baker Hughes, a GE company, has broken ground on its first…
Aramco Launches Possibly Largest IPO in Financial Markets History
November 4, 2019 – Saudi Aramco launched its long-anticipated initial public offering (IPO) on Saudi…
Saudi Arabia Announces Foreign Investment Deals Worth $20 Billion
November 1, 2019 – A total of 26 investment deals valued at $20 billion have…
McDermott Secures Contract for Mixed-Feed Crackers in Saudi Arabia
October 22, 2019 – McDermott International, Inc. signs a contract with Saudi Aramco and its…
Saudi Arabia Assigns New Foreign and Transport Ministers
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
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
August 2, 2019 – The Boeing Company has been awarded a $25 million contract modification…
Saudi Aramco Awards McDermott Offshore EPCI Contract
August 2, 2019 – McDermott International, Inc. has secured a contract from Saudi Aramco to…
Lockheed Martin Awarded $1.5 Billion Modification Contract
July 22, 2019 –Lockheed Martin Corporation has been awarded a modified contract to supply the…
Saudi Arabia Awards Energy Recovery with Water Projects
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
July 12, 2019 – McDermott International, Inc. has been awarded two contracts by Saudi Aramco…
Saudi Aramco Inaugurates New Research Facility
July 3, 2019 – Saudi Aramco announced the opening of a new research facility at…
Saudi Aramco and Baker Hughes Establish Joint Venture
July 2, 2019 – Backer Hughes, a GE company, has formed a joint venture with…
Saudi Arabia Eases Restrictions on Foreign Investors
June 28, 2019 – Saudi Arabia has relaxed a 49 percent limit for foreign strategic…
SABIC Launches ‘Sustainability Roadmap’
June 28, 2019 – Saudi Basic Industries Corporation (SABIC) unveiled its sustainability roadmap which outlines…
Saudi Arabia Reveals Qiddiya ‘Master Plan’
June 28, 2019 – The Qiddiya Investment Company revealed their highly anticipated plans for Qiddiya…
AECOM Hired as Project Management Consultants for NEOM Bay
June 26, 2019 – AECOM has been appointed by NEOM to serve as project managers…
Jacobs Awarded Major Contract for Saudi Aramco Project
June 27, 2019 – Jacobs Engineering Group, Inc. has been awarded a contract by SEPCO…
McDermott Awarded Large Contract from Saudi Aramco
June 24, 2019 – McDermott International, Inc. announced the awarding of a major contract from…
Sikorsky Awarded Multi-Million Dollar Contract
June 24, 2019 – Sikorsky Aircraft has been awarded a contract valued at $15 million…
Saudi Aramco Inaugurates First Saudi Hydrogen Fueling Station
June 18, 2019 – Saudi Aramco and Air Products and Chemicals, Inc. inaugurated the first…
L3, SAMI Enter Form JV Electro-Optical and Infrared Missions
L3 Technologies announced on June 18th that it has signed a joint venture agreement with…
Exxon Mobil, SABIC to Build $9 Billion Petrochemical Plant
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 – The Boeing Company has been granted contracts at a value of…
Saudi Aramco to Acquire 50 Percent Share of SASREF Joint Venture
April 24, 2019 – Saudi Aramco has agreed to acquire Royal Dutch Shell’s 50 percent…
Hill International Lands Two Megaproject Contracts in Saudi Arabia
April 23, 2019 – Pennsylvania-based Hill International has been awarded management consultancy contracts for two…
KBR to Supply Saudi Aramco with Solvent Deasphalting Technology
April 2, 2019 – Saudi Aramco has awarded Houston-based KBR, Inc. with a contract to…
McDermott International, Zamil Group Holding Sign JV Agreement
April 2, 2019 – McDermott International, Inc. has signed a joint venture agreement with Zamil…
McDermott to Establish Fabrication Facility in Ras Al-Khair
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
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
March 31, 2019 – California-based Energy Recovery has been awarded $8.8 million in contracts to…
SAFE Boats Signs Partnership Agreement with Al Blagha
February 18, 2019 – During the Naval Defense Exposition (NAVDEX), Council member SAFE Boats International…
Mechanical Completion of World’s Largest Industrial Gas Complex
March 7, 2019 – Air Products and Chemicals, Inc. has achieved mechanical completion of the…
Jacobs Was Awarded FEED and PMC Contract by Petro Rabigh
March 1, 2019 – Jacobs Engineering Group, Inc. has secured a contract from Rabigh Refining…
Saudi Aramco Awards McDermott Offshore EPCI Contract
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
February 19, 2019 – L3 Technologies has signed a Memorandum of Understanding with Saudi Arabian…
SATORP Awards KBR Debottlenecking Contract in Jubail
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
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
December 18, 2018 – Honeywell International, Inc. and Advanced Electronics Company (AEC) have signed a…
Saudi Aramco and Raytheon Agree to MoU Regarding Cyber Security
December 18, 2018 – Saudi Aramco and Raytheon have signed a memorandum of understanding (MoU)…
Saudi Aramco Awards Baker Hughes Marjan Oilfield Service Contract
September 5, 2018 – Saudi Aramco has awarded Baker Hughes an integrated service contract that…
Jacobs Wins Engineering Renewal Contract from SATORP
August 23, 2018 – Saudi Aramco Total Refining and Petrochemical Company (SATORP) has awarded Jacobs…
SABIC, Nottingham Spirk Commercialize Thermoplastics
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
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
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
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
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
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
The International Monetary Fund’s (IMF) Executive Board has published the full results of its bilateral…
McDermott Awarded Contract for CB&I Storage Tanks
July 23, 2018 – Samsung Engineering Saudi Arabia has awarded McDermott an engineering, procurement, and…
Lockheed Martin Wins $405.7M Modification Contract for Saudi Arabia
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
July 16, 2018 — On August 18, Saudi Arabia’s first comprehensive bankruptcy law will take…
Saudi Arabia Completes Adjusted Mining Investment System
July 16, 2018 — Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources has completed…
Saudi Arabia Publishes Draft Law for Public Private Partnerships
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
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
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
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
June 06, 2018 – Mayer Brown and Saudi Arabian firm Al-Yaqoub Attorneys & Legal Advisors…
Saudi Aramco Awards Gas Services Contract to Halliburton
June 06, 2018 – Saudi Aramco announced that it has awarded Halliburton a contract for…
Boeing Awarded Contract to Build Chinook Helicopters for Saudi Arabia
June 05, 2018 – The Defense Department has awarded The Boeing Company a contract to…
AccountAbility Updates Sustainability & Performance Guidance
Moody’s Report Reaffirms that Saudi Arabia has an A1 Credit Rating
May 3, 2018 – In its latest Annual Credit Analysis report, Moody’s has reaffirmed Saudi…
SABIC and ExxonMobile Launch Gulf Coast Growth Ventures
May 3, 2018 – Saudi Basic Industries Corporation (SABIC) and ExxonMobil have a created a…
Saudi Intellectual Property Authority Boosts Economy
April 27, 2018 – The Saudi Intellectual Property Authority (SIPA) has announced the development of…
Saudi Arabia’s Privatization Program Plans Have Been Approved
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”
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
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
March 5, 2018 – Bismarck State College has entered into a five-year agreement with the…
Lockheed Martin, Wahaj Collaborate to Advance KSA Defense Sector
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
February 7, 2018 – GE Healthcare and Tatweer Medical Co. have signed an MoU to…
Emerson Inaugurates State-of-the-Art Center in Saudi Arabia
February 5, 2018 – Emerson has launched a new $25 million technology and innovation center…
Saudi Arabia Reveals New Plans for Unprecedented Art Institute
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
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
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
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
November 20, 2017 – Saudi Arabian Basic Industries Corporation (SABIC) was named to the Thomson…
TAQNIA Alliance to Enhance Aviation Manufacturing in Saudi Arabia
TAQNIA Aeronautics and several other Saudi aviation companies have signed a memorandum of understanding (MoU)…
Saudi Aramco Awards 8 Contracts Worth $4.5 Billion
Saudi Aramco has signed oil and gas agreements with five contractors in deals worth nearly…
Saudi Arabia Clarifies VAT Exemptions
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
GE Power and the Saudi Electricity Company (SEC) signed two agreements to collaborate on identifying…
Fitch Ratings Commends Saudi Economic Reforms, Affirms A+ Rating
The Fitch Ratings Agency has maintained its A+ on Saudi Arabia with a stable outlook,…
KAPSARC Headquarters Achieves LEED Platinum Status
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
The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors…
S&P Global Ratings Launches Operations in Riyadh
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
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
The Capital Market Authority (CMA) has loosened financial regulations to enhance asset management activity and…
Sadara Starts Production at its Amines Plant
Sadara Chemical Company started production at its new Amines plant, one of the company’s 26…
Honeywell Signs Deal to Support Yanbu Complex
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
Saudi Aramco received permission from the Saudi Government to create a new energy industrial city.…
Sadara Begins Production at Propylene Glycol Plant
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
The Dow Chemical Company announced that it will build a polymer plant for various coatings…
Lockheed Martin Awarded $3.8 Billion Contract
Lockheed Martin Corporation’s subsidiary, Sikorsky Aircraft Corporation, was awarded a contract with the U.S. Army…
Fluor, Ma’aden Sign MOU
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
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
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
Emerson and Saudi Aramco have signed a strategic deal that aims at digitally transforming the…
Sadara Commences Butyl Glycol Ether Production
The largest chemical complex in the world, Sadara Chemical Company has announced the commencement of…
Saudi Aramco, Jacobs Engineering
Reach Infrastructure Partnership Agreement
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
Saudi Aramco announced its goal to invest up to $30 billion in subsidiary Motiva Enterprises…
SEC Finalizes SR5.5 Billion Northern Region Projects
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
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
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
Lockheed Martin Corporation signed $28 billion worth of deals with Saudi Arabia to provide integrated…
Saudi Arabia Creates Defense Manufacturing Company
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
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
Saudi Basic Industries Corporation (SABIC) has partnered with DuPont Sustainable Solutions (DSS) in a bid…
Saudi Arabia, Boeing Agree to $143.4 Million Deal
Saudi Arabia has contracted The Boeing Company to modify its AH-64E Apache attack helicopters in…
Exxon, SABIC Choose Texas Location for Joint Project
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
GE signed an agreement with National Grid SA to deliver power to up to 25,000…
Boeing Awarded $3.4 Billion Apache Helicopter Contract
The Boeing Company signed a $3.4 billion base contract with the U.S. Army, which includes…
IBM Signs Deal to Provide Technology Training
IBM reached an agreement with the Saudi Ministry of Telecommunications and Information Technology to provide…
Ma’aden, SANAM Reach Deal for Aluminum Parts
Saudi Arabian Mining Company (Ma’aden) and the Saudi Arabia National Automotive Manufacturing Company (SANAM) agreed…
Ma’aden Receives Energy Management Certification
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
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
Bechtel was awarded a contract by the Saudi government to run the new National Project…
Pfizer Signs Commercial Agreement
with Tabuk Pharmaceuticals
Pfizer Saudi Limited signed an exclusive commercial agreement with Tabuk Pharmaceuticals. The deal will permit…
Sadara Signs Cooperation Agreement for Automotive Cluster
Sadara Chemical Company signed a cooperation agreement with Saudi National Automobiles Manufacturing Company (SNAM). Sadara…
Bahri Signs Service Agreement with SAR
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
Honeywell’s Connected Performance Services (CPS) will be used by AL WAHA Petrochemicals Company in an…
Dow Seeks to Increase Investments in Saudi Arabia
Charles Swartz, President of The Dow Chemical Company in Saudi Arabia, stated that the company…
Pfizer Opens KAEC Manufacturing Facility
Pfizer Saudi Limited opened its $50 million manufacturing facility at King Abdullah Economic City (KAEC).…
Boeing Delivers First Shipment of Little Bird Helicopters
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
General Electric Company (GE) and Saudi Aramco delivered the Kingdom’s first wind turbine. The turbine…