Global engineering and construction company Bechtel will build three new terminals for Saudi Arabia’s King Salman International Airport under a newly signed agreement with the facility’s developer. Bechtel said Tuesday that the partnership agreement with King Salman International Airport Development Co. calls for integrating or replacing existing KSIA facilities. Its work will involve designing and...
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Category: Investment Security
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Saudi Arabia Taps Parsons to Lead New Riyadh Airport Construction
Parsons has secured two delivery partner contracts from the King Salman International Airport Development Company. The deal was announced Tuesday on the sidelines of the Saudi-U.S. Investment Forum in Riyadh. The first order involves the delivery of airfield assets, including air traffic control towers, aircraft parking areas, runways and taxiways. The second award covers bridges,...
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US Gains $600B Investment Commitment Through Agreements in Saudi Arabia
President Donald Trump announced a commitment of $600 billion from various companies aimed at enhancing the United States’ energy security, technology leadership and access to critical minerals. The deal was disclosed during the president’s visit to Saudi Arabia as part of his Middle East tour. Saudi Arabia is among the U.S.’s major trading partners in...
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NZ Space, Advanced Aviation Industries Boost National Economy
New Zealand’s economy was injected with over $1.47 billion from the space and advanced aviation industries in fiscal year 2023-2024, according to a Deloitte/Space report. Released Friday by Space Minister Judith Collins, the “TrailBlazer Innovation for Growth, Charting the Space and Advanced Aviation Sectors” report disclosed a total of $285.4 million that came from the...
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US Treasury to Launch Fast Track Pilot Program to Attract Investment From Allies
The U.S. Department of the Treasury has announced a fast-track pilot program to increase foreign investment from allied and partner nations. The program aims to boost the U.S. economy while maintaining strict national security safeguards. According to the department, the initiative includes creating a Known Investor portal where the Treasury-led Committee on Foreign Investment in...
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Accenture Acquires Yumemi to Boost Digital Market Share
Accenture has acquired Japanese firm Yumemi in a continued bid to expand the market footprint of Accenture Song, its design and digital products unit. The terms of the acquisition, still subject to customary closing conditions, were not disclosed. In a statement on the Japanese acquisition Thursday, Accenture noted recent forecasts from Research and Markets of...
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Nico Gaviola, Daniel Holz Join Databricks EMEA Team
Nico Gaviola and Daniel Holz have joined data and artificial intelligence company Databricks‘ Europe, Middle East and Africa senior leadership team to expand the Data Intelligence Platform’s user base in the region. Gaviola will become the company’s vice president of emerging enterprise and digital natives. He most recently served as Google’s data analytics and AI...
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Akamai Partners With P3M Works to Offer Zero Trust ICAM in the UK
Cybersecurity and cloud computing company Akamai Technologies has partnered with P3M Works, a cyber resilience and transformation consultancy based in the United Kingdom, to offer zero trust identity, credential and access management solutions to British government and defense customers. Martin Hellmer, vice president of strategic alliances at Akamai, said that after two decades of delivering...
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Anduril to Expand Tactical, Edge Computing Offerings With Klas Acquisition
Anduril Industries is set to expand its artificial intelligence-powered tactical compute and communications offerings under a definitive agreement to acquire Klas, an edge computing and tactical communications solutions provider. The deal will integrate Anduril’s Lattice software, autonomy and sensor capabilities into Klas’ compute and networking infrastructure. This will provide customers with lightweight, mission-tailored systems that...
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India’s Andhra Pradesh Tech Park to Anchor on IBM Quantum Computer
IBM is establishing quantum computing technology partnerships in India, including anchoring the new Quantum Valley Tech Park in Andhra Pradesh state to IBM Quantum System Two. Among its strategic agreements in the tech park is one with Tata Consultancy Services. This collaboration calls for opening Indian industry and academia access to IBM’s cloud-based computers, including...