PNN – Trade deals worth hundreds of billions of dollars were Donald Trump’s main, and perhaps only, incentive for traveling to Saudi Arabia.
According to the report of Pakistan News Network, During US President Donald Trump’s regional tour of the Gulf, Saudi Arabia pledged to invest $600 billion in the United States over the next four years. The deals cover a range of sectors including technology, energy, infrastructure and defence.
Key investments
Technology and AI: US companies such as Google, Oracle, Salesforce, AMD and Uber, along with Saudi company DataVolt, will invest a total of $80 billion in technology projects in the US and Saudi Arabia. DataVolt alone plans to invest $20 billion in AI data center infrastructure in the US.
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Defense and Aerospace: A $142 billion arms deal was signed between the United States and Saudi Arabia, which includes the sale of advanced military equipment and technical support to strengthen Saudi Arabia’s air, space, and border security defenses.
Infrastructure and Energy: US construction consulting firms Hill International, Jacobs, Parsons and AECOM will implement projects in Saudi Arabia, including King Salman International Airport and the city of Qadiya, worth $2 billion. GE Vernova has also signed contracts worth $14.2 billion to export gas turbines and energy solutions.
Passenger aircraft: Saudi Arabia’s AviLease has signed a deal to purchase Boeing 737-8 aircraft worth $4.8 billion.
Healthcare: Shamkh for Solutions plans to invest $5.8 billion in healthcare projects, including building an injectable solutions plant in the US state of Michigan.
Financial partnerships: Hasana Investment and Franklin Templeton have signed a $150 million memorandum of understanding to explore credit investment opportunities in Saudi Arabia.
Energy and natural gas: Saudi Aramco plans to sign memorandums of understanding with American companies NextDecade and Sempra in the field of liquefied natural gas.
Artificial Intelligence: The American company NVIDIA has started a new partnership with the Saudi company Humain, which works in the field of artificial intelligence.
Diversified investments: American investment firm Burkhan World Investments has signed memorandums of understanding worth $15 billion with Saudi partners for new investment commitments.