US President Donald Trump, in an announcement from Riyadh, unveiled a historic $600 billion economic partnership with Saudi Arabia, declaring it a cornerstone of his “America First” trade and investment strategy. The deal, described by the White House as “transformative,” cements a new era of strategic cooperation between Washington and Riyadh across critical sectors such as AI, defense, energy, infrastructure, and healthcare.

Leading the package is a $20 billion commitment by Saudi data infrastructure giant DataVolt to build AI data centers and energy facilities across the United States. A further $80 billion in joint investments will be made by US tech majors including Google, Oracle, Salesforce, AMD, and Uber, aimed at advancing next-generation technologies in both countries.

American engineering firms Jacobs, Parsons, AECOM, and Hill International are set to spearhead projects such as King Salman International Airport, Qiddiya City, and The Vault, boosting US services exports by over $2 billion.

Meanwhile, GE Vernova has secured deals for $14.2 billion in gas turbines and energy systems, and Boeing will deliver 737-8 aircraft worth $4.8 billion to Saudi leasing firm AviLease.