Saudi Aramco Signs Agreements with U.S. Companies Worth $90 Billion
34 preliminary agreements highlight the economic partnership between Saudi Arabia and the United States.
Saudi Aramco, the global oil giant, has announced it has signed 34 preliminary agreements with several major American companies, with a total potential value of $90 billion.
This announcement was made on Wednesday, underscoring the robust economic partnership between Riyadh and Washington at a time when the Kingdom is intensifying efforts to diversify its economy and reduce reliance on oil by attracting significant foreign investments.
The agreements encompass sectors such as liquefied natural gas (LNG), fuels, chemicals, as well as carbon emission reduction technologies and artificial intelligence, aligning with Aramco's strategy for sustainable industrial development.
Amin Nasser, the company's CEO, stated during his participation at the Saudi-American Investment Forum held in Riyadh on Tuesday that "the United States is an ideal place for our investments." He highlighted deals signed with American companies NextDecade and Sempra, both active in the LNG and energy infrastructure sectors.
This forum is part of a Gulf tour by U.S. President Donald Trump, which includes stops in Saudi Arabia, Qatar, and the United Arab Emirates.
The visit features extensive official receptions and significant commercial agreements, including Saudi Arabia's intention to invest $600 billion in the U.S. market, alongside arms agreements valued at $142 billion.
This announcement was made on Wednesday, underscoring the robust economic partnership between Riyadh and Washington at a time when the Kingdom is intensifying efforts to diversify its economy and reduce reliance on oil by attracting significant foreign investments.
The agreements encompass sectors such as liquefied natural gas (LNG), fuels, chemicals, as well as carbon emission reduction technologies and artificial intelligence, aligning with Aramco's strategy for sustainable industrial development.
Amin Nasser, the company's CEO, stated during his participation at the Saudi-American Investment Forum held in Riyadh on Tuesday that "the United States is an ideal place for our investments." He highlighted deals signed with American companies NextDecade and Sempra, both active in the LNG and energy infrastructure sectors.
This forum is part of a Gulf tour by U.S. President Donald Trump, which includes stops in Saudi Arabia, Qatar, and the United Arab Emirates.
The visit features extensive official receptions and significant commercial agreements, including Saudi Arabia's intention to invest $600 billion in the U.S. market, alongside arms agreements valued at $142 billion.