US companies Archives - International Finance https://internationalfinance.com/tag/us-companies/ International Finance - Financial News, Magazine and Awards Thu, 27 Feb 2020 04:36:15 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://internationalfinance.com/wp-content/uploads/2020/08/favicon-1-75x75.png US companies Archives - International Finance https://internationalfinance.com/tag/us-companies/ 32 32 Economic relations between Saudi Arabia & the US marks a new digital phase https://internationalfinance.com/technology/economic-relations-saudi-us/#utm_source=rss&utm_medium=rss&utm_campaign=economic-relations-saudi-us https://internationalfinance.com/technology/economic-relations-saudi-us/#respond Tue, 27 Mar 2018 06:27:33 +0000 https://www.internationalfinance.com/?p=16438 The two economies have signed several agreements and multiple MoUs in different sectors including technology and oil and gas

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]]> According to Al Arabiya, four other MoUs were signed by Saudi Arabia-based companies such as Saudi Aramco, Saudi Electricity Company and Safnat with a section of US-based companies. This is mainly to set-up advanced data systems and boost 4G technologies to increase business efficiency.

The mining company Ma’aden signed an agreement with American Industrial Corporation Alcoa to create 500 jobs by 2020 and develop its mining capacity by investing US$500mn.

Saudi Aramco’s agreement with Honeywell was to create 400 jobs by 2020 in the Fourth Industrial Revolution. In addition, an agreement with GE was signed to brace digital operations of Aramco worth US$4bn and create 750 jobs by 2020.

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]]> https://internationalfinance.com/technology/economic-relations-saudi-us/feed/ 0 American companies’ sector investments in Saudi Arabia reach US$56.40bn https://internationalfinance.com/finance/american-companies-sector-investments-saudi-arabia-reach-us56-40bn/#utm_source=rss&utm_medium=rss&utm_campaign=american-companies-sector-investments-saudi-arabia-reach-us56-40bn https://internationalfinance.com/finance/american-companies-sector-investments-saudi-arabia-reach-us56-40bn/#respond Mon, 26 Mar 2018 07:17:11 +0000 https://www.internationalfinance.com/?p=16347 Nearly 373 US companies have invested in service, industry, real estate, scientific and technical, observed SAGIA report

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]]> The US investments in Saudi Arabia have reached US$207bn based on estimates until February 2018, according to the Saudi Arabian General Investment Authority (SAGIA).

The industrial sector has received the maximum share of investments estimated at SR193bn for 95 projects. The service sector comes second with SR13.5bn investments for 245 projects. In 2017, 16 new US companies penetrated the Saudi Arabia market with an overall investment estimate of SR382mn. Of the companies, 13 were granted license in the service sector with funding of SR284mn.

At present, there are nine commercial tasks with a total investment of SR300mn, in addition to two real estate projects with a funding estimate of SR16mn, reported Zawya.

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