Saudi Aramco, the global oil giant, has announced the signing of 34 preliminary agreements with several major American companies, with a potential total value reaching up to $90 billion, according to Reuters.
These agreements, unveiled on Wednesday, underscore the strength of the economic partnership between Riyadh and Washington. They come as the Kingdom intensifies its efforts to diversify its economy away from oil dependency by attracting high-value foreign investments.
Aramco stated that the signed deals span a range of sectors, including liquefied natural gas (LNG), fuels, chemicals, and advanced technologies such as carbon emissions reduction and artificial intelligence — all aligned with the company’s drive toward sustainable industrial development.
During the Saudi-U.S. Investment Forum held in Riyadh on Tuesday, Aramco CEO Amin Nasser described the United States as “an ideal destination for our investments.” He highlighted agreements signed with U.S.-based companies NextDecade and Sempra, both of which specialize in LNG and energy infrastructure.
The forum took place during a Gulf tour by U.S. President Donald Trump, which includes visits to Saudi Arabia, Qatar, and the UAE. The visit has been marked by grand official receptions and major commercial deals, including Saudi Arabia’s intention to invest $600 billion in the U.S. market, as well as defense agreements valued at $142 billion, according to Reuters.
