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Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies

Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies

May 29, 2020

Saudi Arabia’s $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi Arabia’s vision for economic diversification and...

Saudi Arabia Introduces New Opportunities in Sports and Athletics

Saudi Arabia Introduces New Opportunities in Sports and Athletics

May 28, 2020

The sports and recreation industry in Saudi Arabia is opening significant investment opportunities as the Saudi Government aims to promote...

Saudi Arabia Announces 19% Increase in Foreign Investment Licenses in Q1 2020

Saudi Arabia Announces 19% Increase in Foreign Investment Licenses in Q1 2020

May 22, 2020

Continuing the momentum that was witnessed in 2019, the number of foreign investment licenses in Saudi Arabia grew to 348...

Saudi Petchems Awards McDermott International Contract for Propane Dehydrogenation

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 providing license and basic engineering...

B20 Saudi Arabia and the International Chamber of Commerce Meet with Business Leaders to Discuss the Role of Trade Amidst the COVID-19 Pandemic

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 19 that brought...

The Boeing Company Awarded Contract to Supply Kingdom with SLAM-ER Missiles

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...

McDermott Awarded Three Contracts for Storage Tanks in Saudi Arabia

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 and constructions services of 38...

B20 Saudi Arabia on Developing Recommendation that Will Allow Working Women to Thrive in the Next Normal

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 work, children’s education and entertainment...

G20 Digital Economy Task Force Held Virtual Workshop to Discuss Critical Gaps and Challenges

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 Roadmap Toward a Common...

G20 Saudi Arabia Supports Launch of “Access to COVID-19 Tools (ACT) Accelerator” Initiative

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 accelerate the development, production and...

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