RIYADH/DUBAI (Reuters) - U.S. President Donald Trump secured a $600 billion commitmentfrom Saudi Arabia to invest in the United States on the first day of a four-day tour of the Gulf, opening the way for a series of business deals.
Here is an overview of major deals and announcements made on the sidelines of Trump’s Gulf visit:
* Saudi Aramco (TADAWUL:2222) has signed 34 agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said.
* Qatar Airways signed a deal to purchase jets from U.S. manufacturer Boeing (NYSE:BA).
* Nvidia (NASDAQ:NVDA) said it will sell hundreds of thousands of AI chips in Saudi Arabia, with a first tranche of 18,000 of its newest "Blackwell" chips going to Humain, an AI startup the kingdom’s sovereign wealth fund launched this week.
* Qualcomm Inc (NASDAQ:QCOM) said it signed a memo of understanding to develop and build a data centre central processor.
* Franklin Templeton said it has signed a non-binding memorandum of understanding with Saudi Arabia’s Public Investment Fund to partner in investing up to $5 billion in the kingdom’s financial markets.
* Neuberger Berman signed an agreement with PIF to invest up to $6 billion in the kingdom, and to launch a Riyadh-based multi-asset investment management platform.
* BlackRock (NYSE:BLK) Saudi Arabia and PIF signed a non-binding letter of intent at the Saudi-U.S. Investment Forum to formalise their strategic collaboration through potential new allocations to the BlackRock Riyadh Investment Management platform.
* Cisco (NASDAQ:CSCO) said it will collaborate with the AI Infrastructure Partnership, which is led by BlackRock, Global Infrastructure Partners, MGX, Microsoft (NASDAQ:MSFT), Nvidia and xAI.
The company also said it will join Saudi Arabia’s Humain and extend its strategic partnership with Abu Dhabi’s G42 to advance AI innovation and infrastructure development.
* Infrastructure investment manager I Squared Capital said it has signed a memorandum of understanding with PIF to establish a dedicated infrastructure investment strategy focused on the Middle East.
* Amazon (NASDAQ:AMZN) Web Services and Saudi Arabia’s AI startup Humain said they planned to invest $5 billion-plus in a strategic partnership to build an "AI Zone" in the kingdom.
* U.S. chip firm AMD (NASDAQ:AMD) and Humain said they would build AI infrastructure that will lead them to 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 (NASDAQ:GOOGL) , DataVolt, Oracle (NYSE:ORCL), Salesforce (NYSE:CRM), AMD, and Uber (NYSE:UBER) say they will invest $80 billion in technologies in both countries.
* Construction consulting firms Hill International, Jacobs, Parsons (NYSE:PSN), and AECOM are building 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 said it would sign memorandums of understanding with U.S. liquefied natural gas producer NextDecade (NASDAQ:NEXT) and utility Sempra.
* U.S.-based investment platform Burkhan World Investments said it signed memorandums of understanding with Saudi partners, totalling $15 billion in investment commitments.