Saudi Aramco signed 17 major MoUs with top U.S. firms, exceeding $30 billion, strengthening bilateral investment across energy, tech, and manufacturing.
Saudi Aramco, the state-owned energy giant of Saudi Arabia, announced on Wednesday that it has entered into 17 new memoranda of understanding (MoUs) and agreements with a range of prominent U.S. companies. According to the company, the combined potential value of these collaborations is expected to exceed $30 billion, underscoring the deepening economic and technological ties between the two nations.
These newly announced partnerships cover a wide and strategically significant spectrum of sectors. Aramco noted that the MoUs include initiatives in liquefied natural gas (LNG) development and trading, financial services cooperation, advanced materials and manufacturing, as well as the procurement of vital materials and technical services. Collectively, these agreements represent a major step forward in strengthening energy security, expanding industrial capacity, and fostering innovation across key industries.
The announcement was made during the U.S.–Saudi Investment Forum, held at the Kennedy Center in Washington, D.C. The event drew participation from an impressive lineup of top U.S. corporate leaders. Among the notable CEOs in attendance were senior executives from Chevron, Qualcomm, Cisco, General Dynamics, and Pfizer, all representing sectors where collaboration with Saudi Arabia is rapidly increasing. The forum also welcomed high-level representatives from major companies such as IBM, Google (Alphabet), Salesforce, Andreessen Horowitz, Boeing, Halliburton, Adobe, State Street, and Parsons Corporation, reflecting broad U.S. interest in expanding economic engagement with the Kingdom.
The high-profile nature of the event was further amplified by the presence of U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman, both of whom have supported initiatives aimed at strengthening bilateral economic ties. Their attendance signaled the continued commitment at the highest political levels to deepen investment flows, technological cooperation, and strategic partnerships.
This forum follows a series of significant announcements made earlier in the year. During President Trump’s four-day visit to the Middle East in May, the United States and Saudi Arabia unveiled multi-billion-dollar agreements involving a wide array of sectors. These previous deals included major commitments in defense, advanced technologies, and artificial intelligence, further solidifying the foundation for today’s announcements.
The latest MoUs represent yet another milestone in the evolving relationship between the two countries. They emphasize Saudi Arabia’s ongoing efforts under its Vision 2030 program to diversify its economy beyond traditional oil revenues and to position itself as a global hub for innovation, manufacturing, and high-value services. Similarly, the agreements open new commercial opportunities for American companies seeking to expand their footprint in one of the world’s most dynamic and rapidly transforming markets.
