Saudi Arabia and the United States announced more than US $575 billion in cumulative investment and commercial agreements, marking a historic expansion of their economic partnership and signaling a new phase of growth in energy, artificial intelligence (AI), defense, aerospace, and advanced technology amongst others. The total includes US $307 billion in agreements unveiled during President Donald J. Trump’s visit to Riyadh in May 2025, alongside US $267 billion in new deals signed at the US-Saudi Investment Forum in Washington, D.C., highlighting the scale and depth of bilateral collaboration across sectors critical to the electronics and high-tech industries.
Saudi energy and petrochemical companies, including Aramco, ACWA Power, and Saudi Electricity Company, signed agreements with U.S. firms ExxonMobil, GE Vernova, Baker Hughes, and SLB, totaling US $143.6 billion across 83 deals. These initiatives focus on clean energy, liquefied natural gas development, technology localization, and the Circular Carbon Economy. Aramco will also collaborate with Honeywell UOP, Motiva, and Afton Chemical on downstream projects and conduct feasibility studies with ExxonMobil to upgrade the SAMREF refinery in Yanbu into an integrated petrochemical complex.
H.E. Khalid Al-Falih, Saudi Minister of Investment, said, “For more than nine decades, Saudi Arabia and the United States have stood together as partners in progress. Today, that partnership is broader, deeper, and more dynamic than ever — connecting reliable energy with advanced technology, investment with opportunity, and talent with innovation to build the architecture of the future economy.” He added, “Reaching the US $575 billion milestone reflects delivery and impact — creating jobs, accelerating innovation, and building resilient supply chains that strengthen the global economy.”
In technology and AI, Saudi and U.S. partners including SDAIA, Humain, DataVolt, Aramco Digital, xAI, AWS, AMD, Cisco, NVIDIA, Qualcomm, Adobe, Groq, and Luma AI announced US $57.7 billion in investments across 66 agreements. Projects include 150,000 AWS GPUs, a 500 MW xAI deployment, and a 2 GW AI super-cluster for Luma AI, supported by NVIDIA GB300-powered mega data centres. These initiatives aim to establish Saudi Arabia as a global hub for AI production, combining American technological expertise with Saudi scale and ambition.
Saudi Crown Prince Mohammed Bin Salman commented on the deals, saying, “Today we are delighted to sign investment agreements for projects that include sectors such as defense, energy, AI, rare minerals, and finance. This will contribute to generating huge job opportunities in our two countries, as well as to economic growth.”
Defense and aerospace agreements, valued at US $133 billion across 24 deals, include collaborations with Lockheed Martin, Raytheon Technologies, Boeing, and Northrop Grumman. Key initiatives focus on advanced manufacturing, technology transfer, and localization. Among these, Saudia’s partnership with GE Aerospace to deploy GEnx-1B engines on new Boeing 787 aircraft and localize maintenance through Saudia Technic is expected to create jobs and strengthen industrial capabilities in aerospace and electronics systems.
The agreements extend beyond capital deployment. The United States remains Saudi Arabia’s largest foreign investor, while Saudi Arabia is one of the largest Middle Eastern investors in the U.S., particularly in energy, technology, and advanced manufacturing. Talent development underpins these investments, with over 170,000 Saudis studying STEM and AI fields globally and women’s workforce participation reaching 36 percent.
