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Aramco Announces $90bn Worth Investment Tie-Ups in US
May 15, 2025
Saudi Aramco announced the signing of 34 preliminary deals with major US companies worth up to $90bn. This comes on the heels of US President Trump’s visit to Saudi Arabia to deepen commercial ties with the nation. Most deals are MoUs, some previously announced, highlighting Saudi Arabia’s push to strengthen energy partnerships and attract foreign investment as part of its Vision 2030 economic diversification plan. Aramco’s key deals include agreements with tech and energy giants like Nvidia, ExxonMobil, Amazon Web Services, and Qualcomm, focusing on AI infrastructure, refinery upgrades, digital transformation, and industrial networks. Along with a $3.4bn investment to expand the Motiva refinery in Texas, Aramco also expanded partnerships with US suppliers and signed financial agreements with asset managers including PIMCO, State Street, BlackRock, Goldman Sachs, and Morgan Stanley through a unified investment fund. These moves reinforce Aramco’s role beyond oil production, targeting industrial development, digital innovation, and foreign investment to boost shareholder value and support Saudi Arabia’s broader economic goals.
Aramco’s dollar bonds traded stable with its 3.5% 2029s at 95.6, yielding 4.7%.
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