Monthly Review: U.S.-Saudi Business Deals (February 2026)

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.

ITC

Aramco, Microsoft Sign Pact to Accelerate Industrial AI Rollout

Saudi Aramco signed a memorandum of understanding with Microsoft to explore industrial artificial intelligence initiatives aimed at improving operational efficiency, strengthening digital sovereignty, and expanding the Kingdom’s technical workforce.

Aramco is a member of the Business Council.

PIF’s Humain Invests $3 Billion in Elon Musk’s xAI Prior to SpaceX Acquisition

Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund (PIF), invested $3 billion (SR11.25 billion) in Elon Musk’s xAI shortly before the startup was acquired by SpaceX.

Sitecore Accelerates Momentum in the Middle East with Dedicated Deployments of SitecoreAI in Saudi Arabia and the United Arab Emirates

Sitecore announced a significant expansion of investment in the Middle East with a new deployment announced for Saudi Arabia in 2026. Sitecore works with global brands and financial institutions such as Saudi Aramco, King Faisal Specialist Hospital and Research Centre, Taiba Investments, Riyadh Airports Company, and Saudi Electricity Company in the Kingdom of Saudi Arabia.

Defense & Aviation

U.S. Approves $9-Billion Patriot Missile Sale to Saudi Arabia

The U.S. State Department has approved a potential $9 billion (SR33.75 billion) Foreign Military Sale to Saudi Arabia for Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors and related equipment.

Renewables

Finance & Investment

Moody’s Establishes Regional Headquarters in Saudi Arabia, Deepening Presence in Region

Moody’s Corporation announced that it has established a regional headquarters in Riyadh, Saudi Arabia, reflecting Moody’s ongoing commitment to support the development of the Kingdom’s capital markets and economy.