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Factbox-Deals take centre stage in Trump's Gulf visit
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Factbox-Deals take centre stage in Trump's Gulf visit
May 26, 2025 6:55 AM

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 , DataVolt, Oracle, Salesforce ( CRM ), AMD, and Uber ( UBER ) are committing to invest $80 billion in technologies in both countries.

* Construction consulting firms Hill International, Jacobs, Parsons, and AECOM ( ACM ) 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 ( GEV ) 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 ( NEXT ) and utility firm Sempra ( SRE ), Aramco's chief executive said.

* U.S. chip giant Nvidia ( 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.

(Compiled by Manya Saini and Hadeel Al Sayegh; Editing by Alex Richardson)

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