Saudi-US Economic Partnership: All the Deals Signed During President Trump’s Visit

May 14, 2025 at 5:38 AM

Saudi-US Economic Partnership: All the Deals Signed During President Trump’s Visit

The US and Saudi Arabia have signed their biggest set of agreements ever during President Donald Trump’s visit to Riyadh, starting his tour of the Middle East.

Record-Breaking Economic Partnership

The US and Saudi Arabia have made commercial agreements worth over $600 billion, covering areas like energy, mining, AI, semiconductors, and defense technologies, according to a statement from the White House on Tuesday.

The two countries signed a huge $142 billion defense deal, the largest in US history. This deal includes air and missile defense, maritime security, border protection, and communications systems. It also covers training for Saudi military academies and upgrades to medical services for the armed forces.

Saudi Arabia remains the top US foreign military sales partner, with active cases over $129 billion.

In addition, Saudi-based DataVolt is investing $20 billion to build AI data centers and support energy projects in the US. US tech companies like Google, Oracle, Salesforce, AMD, and Uber are committing $80 billion to joint technologies in both countries. In healthcare, Shamekh IV Solutions will invest $5.8 billion, including a facility in Michigan to make IV fluids.

There was also a mining agreement between the Saudi Ministry of Industry and Mineral Resources and the US Department of Energy, plus a judicial cooperation deal between their justice ministries.

Both countries signed an energy cooperation agreement to work together on innovation, development, financing, and energy infrastructure.

Other agreements include customs coordination, updates to the air transport agreement, and a partnership between the Saudi Ministry of Interior and the US FBI. The Saudi Space Agency and NASA signed a deal to work together on a CubeSat project to study space weather.

Saudi Arabia’s AviLease, owned by the Public Investment Fund (PIF), made a $4.8 billion order for 20 Boeing 737-8 jets, with an option for 10 more.

Several investment funds were launched, focusing on the US, such as a $5 billion energy fund, a $5 billion aerospace and defense fund, and a $4 billion sports fund.

US Investments in Saudi Economy

Burkhan World Investments (BWI), a US-based platform, signed three agreements with Saudi partners, investing $15 billion in new projects.

The first deal, worth $9 billion, is with Saudi’s Grand Mines Mining to create a company focused on mining and exporting minerals like lithium, cobalt, and rare earth elements.

The second deal is with Watad Digital to launch a $1 billion AI and semiconductor platform aimed at developing AI, chip design, and computing technologies.

The third deal, worth $5 billion, is with Advanced Aircraft Technology (AAT) to create a defense innovation fund in Saudi Arabia, focused on AI-based defense systems, autonomy, sensors, cybersecurity, and space technologies.

Big Numbers

In 2024, trade between the US and Saudi Arabia reached $25.9 billion, with US exports at $13.2 billion and imports at $12.7 billion, resulting in a trade surplus of $443 million.