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 a SR1.5 billion ($400 million),...
The Professional Fighters League: Revolutionizing Mixed Martial Arts Worldwide
The Professional Fighters League (PFL), a Chairman’s Circle member of the U.S.-Saudi Business Council, is a mixed martial arts (MMA)...
P2S Inc. and Saudi Engineering Group International Sign MOU in USSBC-hosted Virtual Ceremony
The U.S.-Saudi Business Council (USSBC) hosted a virtual Memorandum of Understanding (MOU) signing ceremony between U.S.-based construction management firm P2S...
Amazon Fuels Saudi Arabia’s Booming Tech Startup Sector
Amazon, a member of the U.S.-Saudi Business Council (USSBC), is expanding its investments in Saudi Arabia with a set of...
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, named after Article IV of...
$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 H.R.H. Crown Prince Mohammed bin...
Saudi Arabia Launches Online Platform to Attract Private Investment in Sports Sector
On June 21, 2021, the Saudi Ministry of Sport launched a new online licensing platform called NAFES, designed to encourage foreign investment and private partnerships in the country’s...
Saudi Arabia Reforms “Kafala” Sponsorship System
The Ministry of Human Resources and Social Development (MHRSD) recently announced new labor reforms to the 70-year-old Kafala (sponsorship) system under the Labor Reform Initiative, allowing greater job mobility for migrant workers. This decision ushers a new era...
The Private Sector Participation Law and Privatization in Saudi Arabia
On March 16, 2021, H.E. Mohammed Al-Jadaan, Minister of Finance and Acting Minister of Economy and Planning, announced the approval...
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 a contract to install integrated...