Saudi Arabia and U.S. announce multi-billion dollar deals during Trump visit
- SAUDI ARABIA BREAKING NEWS
- May 13
- 2 min read
RIYADH, May 13 (Saudi Arabia Breaking News) – A series of major investment deals and commercial partnerships were announced on the sidelines of U.S. President Donald J. Trump’s state visit to Saudi Arabia, underscoring deepening bilateral economic ties and a shared commitment to advancing next-generation technologies.
Key Announcements:
Amazon Web Services and Saudi AI firm Humain unveiled plans to invest over $5 billion to develop a dedicated “AI Zone” in the Kingdom.
U.S. chipmaker AMD and Humain announced a $10 billion investment to deploy 500 megawatts of AI computing capacity over the next five years.
Saudi DataVolt will invest $20 billion in data center and energy infrastructure projects in the United States.
Google, Oracle, Salesforce, AMD, Uber, and DataVolt collectively committed $80 billion in technology investments across both countries.
Leading U.S. infrastructure firms including Hill International, Jacobs, Parsons, and AECOM are engaged in projects such as King Salman International Airport, King Salman Park, The Vault, and Qiddiya City, contributing $2 billion in U.S. services exports.
GE Vernova announced $14.2 billion in gas turbines and energy solutions exports, while Boeing secured a $4.8 billion deal for 737-8 aircraft with AviLease.
Shamekh IV Solutions committed $5.8 billion, including a new IV fluid plant in Michigan.
Hassana Investment Company and Franklin Templeton signed an MoU worth $150 million to explore collaboration in Saudi private credit.
Saudi Aramco is set to sign MoUs with U.S. LNG producer NextDecade and utility firm Sempra.
Nvidia and Humain, backed by Saudi Arabia’s sovereign wealth fund, announced a strategic AI partnership.
Burkhan World Investments, a U.S.-based platform, signed MoUs with Saudi partners for $15 billion in new investment commitments.
The agreements span sectors including artificial intelligence, semiconductors, infrastructure, aviation, energy, and healthcare, reflecting the broad scope of U.S.-Saudi economic collaboration.