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.
Saudi Arabian DataVolt plans to invest $20 billion in AI data centres and energy infrastructure in the United States © Mena Today
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 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 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 , DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in technologies in both countries.
* Construction consulting firms Hill International, Jacobs, Parsons, 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 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 will sign on Tuesday memorandums of understanding with U.S. liquefied natural gas producer NextDecade and utility firm Sempra, Aramco's chief executive said.
* U.S. chip giant Nvidia 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.
Compiled by Manya Saini and Hadeel Al Sayegh
U.S. President Donald Trump said talks with Iran will happen on Monday but declined to set a deadline for an agreement after earlier saying he had called off an imminent attack in hopes of quickly reaching a deal to reopen the Strait of Hormuz and resolve the impasse over Tehran's nuclear capabilities.
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
President Donald Trump said late on Saturday the U.S. would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
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