Foreign investment updates about Saudi Arabia
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Leading Turkish steel profile manufacturer Kocaer Çelik Sanayi ve Ticaret A.Ş. (KCAER) is exploring the possibility of a new factory in Saudi Arabia. This development follows their recent selection as a registered supplier for the ambitious Neom megacity project. KCAER's Board of Directors authorized the launch of
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Dentsu MENA, a leading media and advertising network, has officially inaugurated its regional headquarters in Riyadh, Saudi Arabia. This move signifies a major commitment to Vision 2030, the Kingdom's ambitious development program. Dentsu's decision to establish its regional headquarters in Riyadh is a testament to its
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Australian project management consultancy, Newstead Connect, has announced a significant milestone – their first international office in Riyadh, Saudi Arabia! Founded in Brisbane in 2020, Newstead Connect offers a comprehensive suite of project management services, including advisory, project controls, cost management, claims & disputes, and business intelligence. They've built
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In Q1 2024, The US Tech giant IBM made significant investments and expanded its presence in Riyadh, Saudi Arabia. Based on publicly available news reports, here's a summary of the key developments. On 22 January 2024, IBM officially opened its regional headquarters in Riyadh. * IBM strengthens its presence
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South Korea's cybersecurity company, AhnLab Inc., has joined forces with Saudi Arabia's information technology champion, SITE, to establish a joint venture (JV). This strategic partnership aims to significantly enhance cybersecurity solutions and services for businesses and public institutions across Saudi Arabia. The new JV, launching in
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UiPath, a leading enterprise automation and AI software company, has announced significant investments in Saudi Arabia to support the Kingdom's digital transformation journey. This commitment includes opening a new office in Riyadh, launching the Saudi School of Automation, and showcasing its latest AI-powered automation solutions at LEAP 2024.