May 13 (Reuters) - U.S. chip giant Nvidia ( NVDA ) and

Saudi Arabia announced partnerships on Tuesday as part of the

kingdom's plans to develop artificial intelligence and

strengthen cloud computing infrastructure with the help of

foreign investment.

The deals coincide with U.S. President Donald Trump's Gulf

tour, which is focused on economic diplomacy and billion-dollar

business tie-ups rather than security concerns.

Saudi Arabia, which is seeking to make its economy less

dependent on oil revenue, aims to position itself as a hub for

AI and leading centre for AI activity outside the United States.

A joint statement from Nvidia ( NVDA ) and Saudi Arabia listed

initiatives, including building AI factories and infrastructure

and training developers, but did not give financial details.

"It marks a significant step toward positioning the Kingdom

as a leader among data- and AI-driven economies," said Abdullah

bin Sharaf Alghamdi, president of the Saudi Data & AI Authority,

the kingdom's Public Investment Fund that focuses on AI.

Saudi Crown Prince Mohammed bin Salman on Monday launched

Humain, a company to develop and manage artificial intelligence

technologies in Saudi Arabia.