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Saudi Arabia, US strike $300B investment deals with major AI push

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman applaud after the signing of agreements during a bilateral meeting in Riyadh on May 13, 2025. (AFP Photo)
US President Donald Trump and Saudi Crown Prince Mohammed bin Salman applaud after the signing of agreements during a bilateral meeting in Riyadh on May 13, 2025. (AFP Photo)
May 14, 2025 09:40 AM GMT+03:00

Saudi Arabia and the United States signed agreements worth more than $300 billion on Tuesday, Crown Prince Mohammed bin Salman announced during the 2025 Saudi-U.S. Investment Forum in Riyadh, held as part of President Donald Trump’s visit to the kingdom.

The crown prince said that Saudi Arabia is currently pursuing partnership opportunities with the U.S. valued at $600 billion and added that American companies now account for nearly a quarter of all foreign investment in the kingdom.

Trade between the two nations reached $500 billion between 2013 and 2024.

U.S. Treasury Secretary Scott Bessent and Saudi Investment Minister Khalid Al-Falih were among the senior officials attending the forum.

In his opening remarks, Al-Falih announced Saudi Arabia’s plan to invest $600 billion in the United States over the next four years, reinforcing a mutual commitment to long-term cooperation.

People look to a giant screen as US President Donald Trump and Saudi Crown Prince Mohammed bin Salman arrive for the Saudi-US investment forum at the King Abdul Aziz International Conference Center in Riyadh on May 13, 2025. (AFP Photo)
People look to a giant screen as US President Donald Trump and Saudi Crown Prince Mohammed bin Salman arrive for the Saudi-US investment forum at the King Abdul Aziz International Conference Center in Riyadh on May 13, 2025. (AFP Photo)

AI partnerships take center stage with Nvidia and Amazon investments

U.S. chipmaker Nvidia was among the headline participants in Riyadh, announcing a major partnership with Saudi state-run company Humain to support the kingdom’s push into artificial intelligence.

Nvidia CEO Jensen Huang, who joined President Trump during his visit, said the company would supply its advanced AI chips to Humain for a series of upcoming AI factories to be built in Saudi Arabia.

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman applaud after the signing of agreements during a bilateral meeting in Riyadh on May 13, 2025. (AFP Photo)
US President Donald Trump and Saudi Crown Prince Mohammed bin Salman applaud after the signing of agreements during a bilateral meeting in Riyadh on May 13, 2025. (AFP Photo)

The first phase of the project includes the deployment of 18,000 NVIDIA GB300 Grace Blackwell supercomputers, supported by InfiniBand networking. These facilities are expected to reach a capacity of up to 500 megawatts over the next five years. The initiative aims to position Saudi Arabia as a regional hub for AI computing and infrastructure.

Amazon Web Services (AWS) also unveiled a separate partnership with Humain, announcing a joint investment of over $5 billion to create a dedicated “AI Zone” in the country.

The project will feature AWS’s latest AI and machine learning infrastructure and services—including SageMaker, Bedrock, and Amazon Q—alongside high-performance servers and networks designed to accelerate AI development and deployment.

AWS said the initiative is aligned with Saudi Arabia’s Vision 2030 and builds on the kingdom’s strategy to lead in artificial intelligence and digital innovation. The zone will serve as a central platform for building generative AI applications and training large-scale models in the region.

In a parallel development, the White House confirmed that Saudi firm DataVolt is preparing to invest $20 billion in artificial intelligence infrastructure in the United States.

The plan includes the construction of AI-focused data centers and energy facilities, adding a new dimension to the expanding tech collaboration between the two countries.

Trump’s Middle East tour

Trump’s trip to Saudi Arabia marks the first leg of his Middle East tour since beginning his second term in January 2025. The visit includes scheduled stops in Qatar and the United Arab Emirates.

U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman walk in the old district of Diriyah on the outskirts of the Saudi capital Riyadh, before a state dinner on May 13, 2025. (AFP Photo)
U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman walk in the old district of Diriyah on the outskirts of the Saudi capital Riyadh, before a state dinner on May 13, 2025. (AFP Photo)

On Wednesday, he is set to join leaders from the Gulf Cooperation Council (GCC) at the fifth U.S.-Gulf summit in Riyadh. The council includes Saudi Arabia, Qatar, the UAE, Kuwait, Oman, and Bahrain.

This is Trump’s second visit to the kingdom as president, following his 2017 trip during his first term, where he also took part in a U.S.-Gulf summit and met with King Salman bin Abdulaziz.

May 14, 2025 09:40 AM GMT+03:00
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