RIYADH/DUBAI (Reuters) -U.S. President Donald Trump secured a $600 billion commitmentfrom Saudi Arabia on Tuesday to invest in the United States after the oil power accorded him a gala welcome at the start of a tour of Gulf states.
A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi were being unveiled this week, with artificial intelligence and emerging technologies taking centre stage as Gulf nations race to secure a foothold in the global AI economy.
Here is an overview of major deals and announcements made on the sidelines of Trump’s Gulf visit:
* Amazon (NASDAQ: AMZN ) Web Services and Saudi Arabia’s AI startup Humain announced plans to invest $5 billion-plus in a strategic partnership to build an "AI Zone" in the kingdom.
* U.S. chip firm AMD (NASDAQ: AMD ) and Humain announced plans to build AI infrastructure that will see them invest up to $10 billion to deploy 500 megawatts of AI computing capacity over the next five years.
* Saudi Arabian DataVolt plans to invest $20 billion in AI data centres and energy infrastructure in the United States.
* Google (NASDAQ: GOOGL ) , DataVolt, Oracle (NYSE: ORCL ), Salesforce (NYSE: CRM ), AMD, and Uber (NYSE: UBER ) are committing to invest $80 billion in technologies in both countries.
* Construction consulting firms Hill International, Jacobs, Parsons (NYSE: PSN ), and AECOM are building key infrastructure projects such as King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and more, totalling $2 billion in U.S. services exports.
* Additional major exports include GE Vernova’s gas turbines and energy solutions totalling $14.2 billion and Boeing (NYSE: BA ) 737-8 passenger aircraft for AviLease totalling $4.8 billion.
* Healthcare firm Shamekh IV Solutions will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
* Hassana Investment Company and Franklin Templeton signed a memorandum of understanding valued at $150 million to explore a strategic partnership related to investments in Saudi private credit opportunities.
* Saudi Aramco (TADAWUL: 2222 ) will sign on Tuesday memorandums of understanding with U.S. liquefied natural gas producer NextDecade (NASDAQ: NEXT ) and utility firm Sempra, Aramco’s chief executive said.
* U.S. chip giant Nvidia (NASDAQ: NVDA ) and Saudi Arabia’s sovereign wealth fund-owned AI startup Humain announced a partnership.
* U.S.-based investment platform Burkhan World Investments said it signed memorandums of understanding with Saudi partners, totaling $15 billion in new investment commitments.