Saudi Arabia

Aramco inks 34 deals worth $90 billion with U.S. companies during Trump’s Gulf tour

Agreements cover keys sectors including LNG, fuels, chemicals, emission-reduction technologies and AI

Hyundai and Saudi Arabia’s PIF launch $500 million car factory to produce EVs by 2026

PIF holds a 70 percent stake in HMMME, while Hyundai possesses the remaining 30 percent

U.S. President departs Riyadh following a ‘historic’ visit

Key discussions centered on defense, energy, technology, and space collaborations between the nations

Abu Dhabi, Saudi Crown Princes discuss bilateral cooperation at GCC-U.S. Summit

Meeting highlighted strong bonds between UAE and Saudi Arabia

GCC-U.S. Summit: Saudi Crown Prince highlights $120 billion trade volume with U.S.

The Middle East is experiencing a historic transformation under Saudi leadership, said U.S. President Trump

GCC-U.S. Summit kicks off in Riyadh amid rising economic ties

Summit coincides with President Trump’s visit, focusing on economic, trade, and security issues

Qatari Amir arrives in Riyadh for GCC-U.S. Summit

The summit aims to enhance Gulf cooperation and deepen the strategic U.S. partnership

HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership

The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals

Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement

Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom

Saudi Arabia approves Starlink, says Elon Musk

Saudi Arabia joins Jordan, Oman, Qatar and Yemen on the list of countries in the Middle East where the company's service is available

PIF’s HUMAIN and NVIDIA to launch 18,000-GPU AI supercomputer

The announcement aligns with U.S. President Trump’s visit, securing a $600 billion investment in key sectors

Trump secures $600 billion investment commitment in Saudi Arabia, says White House

In the coming months, the two countries will work to raise that number to $1 trillion, Saudi Arabia's Crown Prince said

U.S. seeks stronger tech ties with Saudi Arabia, Middle East partners

Sacks emphasized that collaboration with Saudi Arabia is crucial for advancing AI and driving global innovation

Saudi-U.S. Investment Forum: Aljadaan, Bessent discuss strengthening economic ties

Bilateral trade reached nearly $32 billion in 2024 and included prominent sectors such as machinery, vehicles and pharmaceuticals

Trump’s visit strengthens Saudi Arabia’s position as global hub for digital economy, innovation and space, says Alswaha

Alswaha said the Kingdom’s signing of the Artemis Accords underscores its commitment to the future $2 trillion global space economy

Saudi-U.S. Investment Forum kicks off as Trump lands in Riyadh

Forum seeks to explore new opportunities to further strengthen ties between Saudi Arabia and the U.S., focusing on seven main sectors

Trump arrives in Saudi Arabia, kicks off Gulf tour seeking major economic deals

American business leaders will participate in the Saudi-U.S. Investment Forum currently taking place

Saudi Arabia’s communications and technology market size hits $48 billion in 2024

The median mobile internet speed in the Kingdom has reached 129 Mbps, ranking fourth among G20 countries in 2024

Saudi Arabia Crown Prince launches HUMAIN, a PIF-owned company to invest in AI

HUMAIN will streamline various data center initiatives, procure hardware and accelerate the adoption of AI technologies

Trump’s Middle East trip to strengthen economic, strategic bonds with Gulf allies

Secretary Rubio will join the President during his trip to the Middle East to strengthen ties between the U.S.

Saudi aviation sector contributes $90.6 billion to GDP, supports 1.4 million jobs: IATA

Saudi Arabia aims to be a global aviation hub with strong growth expected via infrastructure investments

Saudi Arabia: Tadawul’s market cap grows 463 percent in 10 years, fueling economic transformation

Between 2014 and 2024, Tadawul's main market hosted 91 IPOs for an aggregate offering value of about $65 billion

Saudi Arabia explores local aircraft manufacturing partnership with Airbus

Alkhorayef affirmed Kingdom's readiness to address Airbus's supply chain challenges by leveraging its vast mineral resources

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter