Saudi Aramco Launches Joint Venture with NOV to Produce Drilling Rigs
The U.S.-Saudi Business Council (USSBC) is pleased to announce the launch of the Saudi-based joint venture Arabian Rig Manufacturing, established...
18 New Cross-Border Commercial Agreements Signed During President Biden’s Saudi Visit
On July 15, 2022, the Saudi Ministers of Energy, Investment, Communications, and Health announced the conclusion of 18 new agreements...
U.S.-Saudi Business Council Facilitates $50 Million Agreement Signed During Biden’s Visit
With the help of the U.S.-Saudi Business Council (USSBC), U.S.-based Mitchell Rubber Arabia has signed a $50 million agreement with...
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 a year. This initiative is...
SAMI Signs Deal with Lockheed Martin at IDEX
At the 2021 Abu Dhabi International Defense Exhibition and Conference (IDEX), Saudi Arabian Military Industries (SAMI) agreed to a 51 percent owned...
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 joint venture agreement to create...
Member Highlights – Chairman’s Circle Members Air Products and Chemicals and NEOM
On July 7, 2020, Air Products, ACWA Power, and NEOM announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy.
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 hydrogen-based ammonia production facility powered...
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 Arabia’s credit rating as A1...
SABIC and ExxonMobile Launch Gulf Coast Growth Ventures
May 3, 2018 – Saudi Basic Industries Corporation (SABIC) and ExxonMobil have a created a new joint venture, Gulf Coast...
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