Factbox-Deals take centre stage in Trump’s Gulf visit
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 rolled out the red carpet for him 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:
* 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 (NASDAQ: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.
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