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Aramco Says It Has U.S. Tie-Ups Worth up to $90 Billion Amid Trump Gulf Tour

  • On May 14, 2025, in Dhahran, Saudi Aramco and its subsidiaries finalized 34 agreements and memoranda of understanding valued at up to $90 billion with leading U.S. Corporations.
  • These agreements were finalized following an investment forum between the United States and Saudi Arabia in Riyadh during President Trump's four-day visit to the Middle East, with the intention of strengthening long-established economic relationships.
  • The agreements involve collaborations in areas such as LNG supply, advanced AI development, digital innovation, refinery enhancements, manufacturing, and financial asset management, with companies including ExxonMobil, Nvidia, Amazon, and Woodside Energy.
  • Aramco CEO Amin Nasser emphasized the attractiveness of the United States for their investments, highlighting the company’s $3.4 billion initiative to expand the Motiva refinery located in Texas.
  • These deals emphasize Saudi Arabia's effort to boost foreign investment and industrial growth aligned with Vision 2030 while enhancing shareholder value and multi-sector collaboration with U.S. Partners.
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heatmap.news broke the news in on Wednesday, May 14, 2025.
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