Saudi, USA ramp up cooperation: Saudi Arabia and the US finalized 145 agreements totaling USD 300 bn, including in aviation, energy trade, and data centers. The agreements were signed on the sidelines of the Saudi-US summit during US President Trump’s visit to the Kingdom.

Context: The agreements are part of USD 600 bn investment package from Saudi, with the remaining half to be announced in the coming months. The Kingdom is set to eventually round out the figure to USD 1 tn in a second phase, Crown Prince Mohammed bin Salman said in his speech at the Saudi-US Business Forum.

Here’s a rundown of the relevant agreements:

  • PIF to order 30 Boeing jets for AviLease: The PIF placed an order for 20 Boeing 737-8 jets for its aviation leasing firm AviLease, with an option for 10 more, according to a statement from Boeing. The White House fact sheet put the total value of the purchases at USD 4.8 bn. This is the first Boeing order to be announced during Trump’s Gulf visit, with expectations for more to come from Qatar and UAE;
  • On the tech + data centers front: Riyadh-based DataVolt plans to invest USD 20 bn in US-based AI data centers and energy infrastructure. Additional commitments from companies including Google, Oracle, Salesforce, AMD, and Uber total USD 80 bn in joint technology investments;
  • Logistics and aviation infrastructure: US firms Hill International, Jacobs, Parsons, and AECOM are engaged in projects including King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and more, generating an estimated USD 2 bn in US service exports;
  • LNG supply pacts: Aramco signed two 20-year agreements for LNG supplies from separate facilities in Texas, as part of a broader push to access 7.5 mn tons annually from its international projects by 2030, CEO Amin Nasser said during the US-Saudi Investment Forum. Aramco is also set to ink MoUs with US utility firm Sempra and LNG producer NextDecade to bring 6.2 mn tons of liquefied natural gas to Aramco annually, Nasser said.
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