Trump's visit to the Gulf yields billions of dollars in deals and enhances economic and technological partnership
In a visit of significant economic and technological dimensions, U.S. President Donald Trump toured the Gulf region, which included Saudi Arabia, Qatar, and the UAE, accompanied by a high-level delegation of businessmen. This tour resulted in a series of agreements and billion-dollar deals that underscore the pivotal role of Gulf countries in the U.S. economy, especially in the advanced technology sector.
First: Saudi Arabia
It pledged to raise its new investments in the United States to one trillion dollars, which included contracts for defense equipment worth 142 billion dollars, importing gas turbines from "GE Vernova" worth 14.2 billion dollars, and Boeing (NYSE:BA) aircraft worth 4.8 billion dollars. Nvidia agreed to supply Saudi Humaine with advanced artificial intelligence processors, and AMD committed to providing chips and software for data centers worth 10 billion dollars.
Amazon (NASDAQ:AMZN) and Humaine announced an investment of over 5 billion dollars to build an "Artificial Intelligence Zone." Aramco (TADAWUL:2222) signed 34 memorandums of understanding and agreements with American companies worth nearly 90 billion dollars. The Public Investment Fund also signed agreements with American asset management companies with a total value of 11 billion dollars.
