Trump’s Saudi Arabia visit unlocks $600bn in investment deals

US President Donald Trump addresses the audience at the King Abdul Aziz International Conference Center while attending a Saudi-U.S. business investment forum, on May 13, 2025, in Riyadh, Saudi Arabia. (Credit: Getty Images)

US President Donald Trump secured a $600bn commitment from Saudi Arabia on Tuesday to invest in the US after the kingdom accorded him a gala welcome at the start of a tour of Gulf states.

A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi are 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.

The US also agreed to sell Saudi Arabia an arms package worth nearly $142bn, according to a White House fact sheet that called it “the largest defense cooperation agreement” Washington has ever done.

The agreement covers deals with more than a dozen US defense companies in areas including air and missile defense, air force and space advancement, maritime security and communications, the fact sheet said.

“Today we hope for investment opportunities worth $600bn, including deals worth $300bn that were signed during this forum,” the Saudi Crown Prince Mohammed bin Salman said in a speech during a U.S.-Saudi Investment Forum session held in Riyadh on the occasion of Trump’s visit.

“We will work in the coming months on the second phase to complete deals and raise it to $1tn,” he said.

“I really believe we like each other a lot,” Trump said during a meeting with the crown prince of Saudi Arabia‘s ruler.

Here is an overview of major deals and announcements made on the sidelines of Trump’s Gulf visit:

• Amazon Web Services and Saudi Arabia’s AI startup Humain announced plans to invest over $5bn in a strategic partnership to build an “AI Zone” in the kingdom.

• US chip firm AMD and HUMAIN announced plans to build AI infrastructure that will see them invest up to $10bn to deploy 500 megawatts of AI computing capacity over the next five years.

• Saudi Arabian DataVolt plans to invest $20bn in AI data centres and energy infrastructure in the United States.

• Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80bn in technologies in both countries.

• Construction consulting firms Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects such as King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and more, totalling $2bn in US services exports.

• Additional major exports include GE Vernova’s gas turbines and energy solutions totalling $14.2bn, and Boeing 737-8 passenger aircraft for AviLease totalling $4.8bn.

• Healthcare firm Shamekh IV Solutions will be investing $5.8bn, 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 $150m to explore a strategic partnership related to investments in Saudi private credit opportunities.

• Saudi Aramco will sign on Tuesday memorandums of understanding with US liquefied natural gas producer NextDecade and utility firm Sempra, Aramco’s chief executive said.

• US chip giant Nvidia and Saudi Arabia’s sovereign wealth fund-owned AI startup Humain announced a partnership.

• US-based investment platform Burkhan World Investments said it signed memorandums of understanding with Saudi partners, totalling $15bn in new investment commitments.