Guide to $400 Billion in Saudi-US Deals

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Saudi Arabia signed billions of dollars of deals with U.S. companies during President Donald Trump’s visit to Riyadh. Estimates of their total value vary from $300 billion to close to $400 billion.

Here is a list of what’s been announced:

While no complete breakdown has been provided, here is a list of U.S. companies involved:

Defence

  • Lockheed Martin signed an MoU for 150 S-70 Black Hawk helicopters to be assembled in Saudi Arabia
  • Raytheon will establish Raytheon Arabia based in Riyadh
  • General Dynamics agreed to localise design, engineering, manufacturing and support of armored combat vehicles

Industry

  • General Electric signed MoU with Saudi Arabia valued at $15 Billion
  • Honeywell International signed a $3.6 billion MoU with Saudi Aramco
  • McDermott International also signed an MoU with Saudi Aramco with a potential value of about $2.8 billion
  • Boeing, SaudiGulf Airlines to negotiate wide-body jet purchase
  • Jacobs Engineering Group signed MoU with a value of $250 million

Oil & Gas

  • Saudi Aramco updates MoU with Rowan Cos for design and selection process for offshore rigs as part of the $7 billion investment over 10 years
  • Rowan will own and operate offshore drilling rigs. Rowan signed MoU with Saudi Aramco’s supply chain with an initial investment value of $1.2 billion
  • Saudi Aramco signed MoU for additional well services and studies into rig movements as an extension of a JV with Nabors Industries. The JV will see $9 billion of investments over 10 years Nabors signed an MoU with Saudi Aramco for its supply chain with value of $1.6 billion
  • Saudi Aramco, National Oilwell Varco to create JV to manufacture drilling rigs and equipment Weatherford International signed MoU with a potential value of $2 billion

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