AmCham Saudi Arabia: Key Highlights from President Trump’s 2025 Saudi Arabia Visit and Future Opportunities
Riyadh, May 27, 2025 — The recent visit of President Donald J. Trump to Saudi Arabia from May 13-15, 2025, marked a historic milestone in the strengthening of the US-Saudi strategic partnership. The trip facilitated groundbreaking economic deals, defense agreements, and strategic collaborations, reaffirming deep bilateral ties and regional stability.
Key Highlights:
Trade & Investment:
Saudi Arabia committed to investing $600 billion into the US economy across sectors such as technology, energy, and infrastructure. Notable deals included investments from major firms like DataVolt ($20 billion in AI and energy infrastructure), Google, Oracle, Salesforce, AMD, Uber, GE Vernova, Boeing, and others. Collectively, US tech giants announced over $80 billion in investments.
Infrastructure & Sector Deals:
US companies such as Hill International, Jacobs, Parsons, and AECOM secured contracts for major projects, including King Salman International Airport and Qiddiya City, totaling approximately $2 billion. GE Vernova’s energy solutions and turbines facilitated over $14 billion in exports, while Boeing’s sale of 737-8 aircraft was valued at $4.8 billion. Healthcare investments, notably by Shamekh IV Solutions, reached $5.8 billion.
Defense & Security:
The visit saw the announcement of the largest US defense sale in history, valued at nearly $142 billion, encompassing advanced military equipment, missile defense systems, space capabilities, and capacity-building initiatives for Saudi forces.
Trade & Economic Ties:
Bilateral trade reached $25.9 billion in 2024, with US exports at $13.2 billion and imports at $12.7 billion—a testament to the robustness and growth of the economic relationship. Saudi investments in the US in 2023 totaled $9.5 billion.
Additional Collaborations:
Broader cooperation includes energy initiatives, space agreements between NASA and the Saudi Space Agency, mining and minerals development, and enhanced logistics cooperation.
AmCham Saudi Arabia’s Members’ Deals & Initiatives:
Aramco Deal: Aramco has officially announced 34 Memorandums of Understanding (MoUs) and agreements with various U.S. companies, with a potential combined value of up to $90 billion. These partnerships, which include ExxonMobil, Honeywell, Baker Hughes, McDermott, Amazon, SLB, Weatherford, Air Products, KBR, Flowserve, NOV, Emerson, cover sectors such as energy, technology, and infrastructure—underscoring Saudi Arabia’s commitment to transformative growth aligned with Vision 2030.
Aramco announces 34 MoUs and agreements with US companies | Aramco
Bechtel: Signed an agreement with King Salman International Airport Development Company to serve as the delivery partner for three new terminals at KSIA, demonstrating ongoing US-Saudi infrastructure collaboration.
Bechtel to Lead Expansion of Saudi Arabia’s King Salman International Airport - Bechtel
DataVolt: DataVolt participated in three MoU ceremonies during the Saudi–U.S. Investment Forum held on May 13–15, 2025, underscoring their commitment to enabling digital infrastructure and AI advancement in the Kingdom:
Baker Hughes – DataVolt and Baker Hughes signed a Memorandum of Understanding (MoU) to collaborate on advancing the energy transition through technology, talent development, and commercial initiatives. The agreement includes exploring the adoption of low-carbon data center solutions across global projects — including NEOM — powered by Baker Hughes’ technologies such as natural gas, hydrogen, geothermal, and cogeneration.
Supermicro – DataVolt signed a multi-year strategic partnership with Supermicro to accelerate the deployment of ultra-dense GPU platforms and rack-scale total liquid cooling IT solutions for AI data centers in Saudi Arabia and the US. The deal, valued at $20 billion, supports DataVolt’s mission to pair gigawatt-scale green energy with advanced U.S.-manufactured compute technologies.
Vertiv – A landmark Technical Cooperation Agreement was signed between Vertiv and DataVolt to co-develop next-generation, regionally optimized digital infrastructure. This includes energy-efficient cooling systems, modular data center design, and resilient power technologies tailored for Saudi Arabia’s climate and AI computing demands. The collaboration directly supports Saudi Vision 2030’s goals for innovation, sustainability, and digital transformation.
Google: Announced a $10 billion partnership between Google Cloud and PIF, focusing on delivering AI technology and infrastructure that supports growth in Saudi Arabia, the US, and beyond. This includes the AI hub expected to generate $20 billion in AI-related revenues for American companies, support 11,000 jobs, and generate an estimated $35 billion economic benefit to the US.
The Group (National Capital & STII): Launched a $50 million defense sector investment fund, managed by National Capital, geared toward strengthening Saudi Arabia’s defense industrial capabilities.
Oracle: Committed $14 billion over the next decade to bring cutting-edge cloud and AI technologies to Saudi Arabia, supporting Vision 2030 and enhancing national security and economic progress.
Oracle’s Commitment to Saudi Arabia and President Trump’s Vision for Global Prosperity
Parsons: Awarded two key contracts for the King Salman International Airport’s development, contributing to Saudi Arabia’s flagship infrastructure expansion.
1. King Salman Park: https://www.parsons.com/2025/04/king-salman-park-foundation-selects-parsons-for-project-management-office-services/
2. King Salman International Airport: https://www.parsons.com/2025/05/parsons-selected-as-delivery-partner-for-king-salman-international-airport/
Uber Technologies, Inc.
Uber Technologies, Inc. (NYSE: UBER) announced a strategic partnership with the Transport General Authority (TGA) to safely and scalably deploy Autonomous Vehicles (AVs) in Saudi Arabia in 2025. The partnership is in line with the Kingdom’s Vision 2030 for smart mobility. By leveraging Uber’s ride sharing network, TGA and Uber will work with AV technology partners to expand consumer access to autonomous technology. This will initially include onboard operators to help ensure safety.
Uber Technologies, Inc. (NYSE: UBER) signed a Memorandum of Understanding (MoU) with Abdul Latif Jameel to explore opportunities to build a scalable, next-generation fleet operations platform, across traditional ride-hailing and autonomous mobility. In line with the goals of Saudi Vision 2030, the collaboration seeks to enable socioeconomic growth in the Kingdom and create 30,000 earning opportunities for Saudi nationals.
Transport General Authority, Uber to Launch Autonomous Vehicles in Saudi Arabia
AmCham Saudi Arabia’s Role:
In response to this historic visit, AmCham Saudi Arabia is committed to:
Promoting US investment and trade opportunities, especially in sectors highlighted during the trip.
Strengthening the US-Saudi economic partnership and supporting Saudi Arabia’s Vision 2030 diversification efforts.
Facilitating US companies’ expansion and investment into Saudi Arabia’s growing markets.
Fostering innovation and technology transfer, particularly in AI, clean energy, and space.
Advocating for policies that protect investments and sustain economic growth.
Through these initiatives, AmCham aims to build a long-term, mutually beneficial relationship that supports Saudi Arabia’s transition into a modern, diversified, and prosperous economic hub aligned with Vision 2030.
How AmCham Saudi Arabia’s Members Can Benefit and Engage:
Expand Market Reach: We will actively facilitate introductions and partnerships in sectors identified during the visit.
Participate in Strategic Projects: Leverage upcoming opportunities in infrastructure, defense, energy, and technology sectors.
Invest and Collaborate: Explore joint ventures and direct investments supported by government initiatives and incentives.
Drive Innovation: Tap into cutting-edge areas such as AI, clean energy, and space technology through partnerships and knowledge exchange.
Advocate & Influence Policy: Stay engaged with policy developments that protect your investments and foster a conducive business environment.
Moving Forward:
AmCham will continue to serve as your strategic partner, fostering an environment of collaboration, innovation, and growth. We invite all members to stay engaged and actively participate in upcoming initiatives to maximize these exciting opportunities.
For further information, please contact:
Zaneta Perussich
Director of Communications and Marketing
Zaneta.perussich@amchamksa.com