Burkhan World Investments, a US-based global investment platform, has announced the signing of three memorandums of understanding (MOUs) with Saudi partners, totalling $15bn (SR56.25bn).
These agreements, signed during the USA-Saudi Strategic Investment Forum in Riyadh, align with Saudi Arabia’s Vision 2030 and cover critical minerals, AI, semiconductors and dual-purpose defence technologies.
They signify a strengthening of economic and technological ties between the US and Saudi Arabia.
The first MOU, valued at $9bn, was signed with Grand Mines Mining to establish a new mining investment and operations company in Saudi Arabia.
This company will focus on critical minerals such as lithium, cobalt and rare earth elements, essential for advanced manufacturing and clean energy.
It aims to enhance mineral extraction technologies and position Saudi Arabia as a hub for mineral wealth and strategic resource delivery, supporting the kingdom’s economic diversification goals.
The second MOU, worth $1bn, was signed with Watad Digital to create an AI and semiconductor investment platform and innovation hub.
The third and largest MOU, at $5bn, is with Advanced Aircraft Technology and partners to form BWI Nexus, a dual-purpose defence innovation fund and integrated innovation hub.
Burkhan World Investments founder and CEO Shahal Khan said: “Burkhan is honoured to contribute to the next chapter of Saudi-US economic cooperation.
“These memoranda are more than investments – they are long-term platforms that support Saudi Arabia’s Vision 2030 while aligning US technological strength with regional growth priorities. We believe in building cross-border ecosystems that drive security, innovation and prosperity for all stakeholders.”
The Saudi Cabinet announced plans to negotiate an MOU with the US earlier this month, focusing on collaboration in mining and mineral resources.
The discussions were reported to involve the Saudi Ministry of Industry and Mineral Resources and the US Department of Energy.
