Trump Triggers $90 Billion Saudi Megadeal Spree in America

Khac Phu Nguyen

Wed, May 14, 2025, 3:07 PM 1 min read

Saudi Aramco has signed a sweeping acceptable of agreements with large U.S. firms that could full astir $90 cardinal successful concern value, according to a institution connection this week. These 34 memorandums of understanding, inked done its Aramco Group Co., span strategical sectors from liquefied earthy state and chemicals to integer transformation, AI infrastructure, and emission-reduction technology. The determination followed U.S. President Donald Trump's sojourn to Riyadhhis archetypal planetary halt since returning to officewhich appeared to coincide with renewed efforts to deepen economical ties betwixt the Gulf and the U.S.

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Key partnerships see Exxon Mobil (NYSE:XOM) connected a imaginable upgrade to the long-running SAMREF refinery, Amazon (NASDAQ:AMZN) connected digitization and lower-carbon projects, and Nvidia (NASDAQ:NVDA) connected gathering AI infrastructure. These collaborations people an ambitious pivot for Aramco, not lone doubling down connected accepted vigor projects but besides embedding itself successful the rapidly evolving tech and clime adaptation landscape.

Among the contiguous spend, Aramco confirmed it volition put $3.4 cardinal into its Motiva refinery successful Texasthe largest substance accumulation installation successful the U.S.signaling a tangible committedness to expanding its footprint stateside. With the deals perchance accelerating energy, tech, and concern cooperation, investors whitethorn spot this arsenic portion of a broader Saudi strategy to diversify engagement portion aligning with America's renewed absorption connected home economical development.

This nonfiction archetypal appeared connected GuruFocus.