U.S. and Saudi officials showcased billions in new investments and deepening financial ties during the U.S.–Saudi Investment Forum in Washington, held alongside Crown Prince Mohammed bin Salman’s high-profile visit.
CEOs from Chevron, Qualcomm, Cisco, Pfizer, General Dynamics, as well as senior leaders from Google, IBM, Salesforce, Adobe, Boeing, Aramco, Halliburton, State Street, and Andreessen Horowitz attended.
Commerce Secretary Howard Lutnick said the latest agreements “open the door for U.S. companies to lead globally in innovation and deployment.”
Tesla’s Elon Musk and Nvidia’s Jensen Huang will join a panel on AI advancements, underscoring tech’s central role in the partnership.
This marks bin Salman’s first U.S. trip since 2018, following global backlash over the killing of Jamal Khashoggi. The crown prince denied ordering the operation but acknowledged responsibility as Saudi Arabia’s de facto ruler.
Bin Salman pledged to increase Saudi investment in the U.S. from $600B to $1 trillion, though no timeline was provided—an ambitious target given Saudi Arabia’s heavy domestic spending on megaprojects and World Cup 2034 preparations.
President Donald Trump will attend the forum, where additional Saudi-related investment announcements are expected. Trump denied any conflict of interest, saying: “I have nothing to do with the family business.”
The two nations previously announced multi-billion-dollar deals across defense and AI during Trump’s May visit to the Middle East.