The following is a summary of all announcements from the past month regarding investment deals, partnerships, and other commercial news between U.S. and Saudi companies.
Oil & Gas
Aramco Inks $11 Billion Jafurah Gas Deal with BlackRock-Led Consortium
Saudi Aramco signed an $11 billion lease-and-leaseback agreement with a consortium led by Global Infrastructure Partners, part of BlackRock, for midstream assets tied to its Jafurah gas development. Under the deal, the newly formed Jafurah Midstream Gas Co. will lease development and usage rights for the Jafurah Field Gas Plant and Riyas NGL Fractionation Facility, then lease them back to Aramco for 20 years.
Aramco is a member of the U.S.-Saudi Business Council.
Defense & Security
SAMI Inks Deal with U.S. Firm Amentum to Boost Land Defense Systems, Localize Spare Parts
Saudi Arabian Military Industries (SAMI) has signed a cooperation deal with U.S.-based Amentum to strengthen the Kingdom’s land defense systems, improve maintenance and overhaul, and localize spare parts. The signing ceremony with the global leader in advanced engineering and technology solutions was attended by leading figures from both firms, including Eng. Mohammed Al-Hodaib, executive vice president of SAMI Land, and Feras Al-Hassoun, Middle East operational sales director at Amentum.
Saudi Arabian Military Industries (SAMI) is a member of the U.S.-Saudi Business Council.
Power & Energy
HiTHIUM, a global manufacturer of energy storage solutions, has been awarded a major contract by Saudi Electricity Company (SEC) to deploy two battery energy storage system projects in northern Saudi Arabia’s Tabuk and Hail provinces. The total capacity of the projects is 4GWh, utilizing HiTHIUM’s long-duration energy storage battery cells in ∞Power 6.25MWh Desert Eagle Battery Energy Storage System (BESS).
Construction & Real Estate
AECOM (NYSE: ACM) announced it has been appointed by Shomoul Holding Company as the Project Management Consultant (PMC) and engineer for Phase II of The Avenues – Riyadh, a transformative mixed-use development in North Riyadh City, Saudi Arabia, following the successful delivery of The Avenues Phase I.
ICT
Saudi Arabia’s Humain to Launch Data Centers with U.S. Chips in Early 2026
Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the Kingdom and plans to bring them online in early 2026 using semiconductors imported from the U.S., Bloomberg News reported.
Saudi Arabia Hosts First Regional Deployment of OpenAI Models through HUMAIN-Groq Partnership
Saudi Arabia has become the first country in the region to host OpenAI’s newly released publicly available models through a deployment announced by HUMAIN and Groq. The gpt-oss-120B and gpt-oss-20B models are operated on Groq’s high-speed inference infrastructure located within HUMAIN’s sovereign data centers in the Kingdom.
Starlink Closes in on Saudia Airlines In-Flight WiFi Contract
Elon Musk’s SpaceX subsidiary is in advanced discussions to secure a contract with Saudi Arabia’s biggest airline. Saudia is currently finalizing a deal to roll out the service across its fleet of more than 140 aircraft, noted sources to Bloomberg.
Transportation & Logistics
AECOM Enters Strategic Partnership with SILZ Company to Support Saudi Integrated Logistics Growth
AECOM announced a strategic partnership with Special Integrated Logistics Zones Company (SILZ), the Kingdom of Saudi Arabia’s premier developer and operator of integrated logistics zones. This partnership is designed to accelerate Saudi Arabia’s emergence as a global integrated logistics leader, aligning with Saudi Vision 2030’s goals of economic diversification, sustainable development, and enhanced global trade integration.
Tourism & Entertainment
MBC Group & Netflix Partner on Landmark MENA Single Subscription Deal
Riyadh-based MBC Group, the biggest media and entertainment organization in the Middle East and North Africa (MENA), has unveiled an innovative new partnership with Netflix. Under the accord, customers of MBCNOW – the MBC Group’s recently launched entertainment service aggregator – will have seamless access to the full Netflix service, alongside MBC’s Shahid streaming channels and linear TV channels in one subscription.
