Saudi Arabia

-

Saudi Arabia sign deal worth more than $300 billion with US, crown prince confirms 


In a significant development during former U.S. President Donald Trump's Middle East tour, Saudi Arabia and the United States have formalized agreements exceeding $300 billion, marking a pivotal moment in their bilateral relations. Crown Prince Mohammed bin Salman confirmed the deal during a high-profile investment forum in Riyadh on May 13, 2025 .


Donald Trump hailed the US’s relationship with Saudi Arabia on Tuesday, just hours after the White House unveiled what it said was $600bn worth of defence, artificial intelligence and other deals with the kingdom. 

 The US president lauded the kingdom and its de facto leader, Crown Prince Mohammed bin Salman, as he began the first leg of his dealmaking, three-nation tour of the oil-rich Gulf. “He’s an incredible man, I’ve known him a long time now. There’s nobody like him,” Trump said to a packed auditorium in Riyadh.

 Among the guests were Elon Musk, the world’s richest man, private equity baron Stephen Schwarzman, Nvidia boss Jensen Huang and dozens of other US executives. The US-Saudi relationship had been a “bedrock” of security and prosperity, Trump said.

 He added: “Today, we reaffirm the bond and take the next steps to make our relationship closer, stronger, more powerful than ever before . . . And it will remain that way.” In a press release before Trump’s speech, the White House had hailed “Saudi Arabia’s $600bn commitment to invest in the US” and “economic ties that will endure for generations to come”.

 Prince Mohammed said the two countries would work over the coming months to increase the total to $1tn. “We are working on partnership opportunities with the US worth $600bn, including agreements of more than $300bn announced today during this forum,” the crown prince said. The deals unveiled by the White House included a commitment by Saudi Arabia’s new state-owned AI company, Humain, to build AI infrastructure in the kingdom using several “hundred thousands” of Nvidia’s most advanced chips over the next five years.

 That would make it one of the biggest AI chip orders by a state company, underlining the scale of Prince Mohammed’s ambitions to position Saudi Arabia as a global AI hub and boosting Nvidia’s desire to build “sovereign AI” infrastructure around the world. 

 The first phase of Humain’s investment would involve deploying 18,000 of Nvidia’s latest “Blackwell” servers, the chipmaker said. Based on the price of a single Nvidia graphics processing unit, estimated at $30,000-$40,000, the Saudi investment would run into multiple billions of dollars. AMD, one of Nvidia’s main competitors in the AI chip market, is also co-investing up to $10bn with Humain to deploy its own infrastructure in the country. Amazon made a similar $5bn commitment covering data centre infrastructure. Nvidia shares rose 5.6 per cent on Tuesday, while AMD’s gained 4 per cent. Amazon was 1.3 per cent higher.


Defense and Military Collaborations

The deal includes a $142 billion agreement for the supply of advanced military equipment from U.S. defense companies. This encompasses a range of technologies aimed at enhancing Saudi Arabia's defense capabilities and fostering long-term strategic partnerships .

 Energy and Infrastructure Projects

Saudi Arabia's sovereign wealth fund, DataVolt, has committed $20 billion to support U.S. AI infrastructure. Additionally, the kingdom is investing in energy projects and infrastructure development, aligning with its Vision 2030 goals and the upcoming 2034 FIFA World Cup, which Saudi Arabia is set to host .

🌐 Broader Implications

This unprecedented investment underscores the deepening economic ties between Saudi Arabia and the United States. It reflects Saudi Arabia's commitment to diversifying its economy and reducing its reliance on oil revenues. The collaboration in AI and defense sectors also signifies a strategic alignment in technological and security domains.

While the total investment pledges have reached $600 billion, the initial agreements formalized during this visit focus on key sectors that are expected to drive mutual growth and stability in the region .

Comments

Post a Comment

Popular posts from this blog

Travel In Islamabad ( Pakistan)

-
Image
  Introduction   I had always heard about the beauty and peaceful atmosphere of Islamabad, but I never got a chance to visit it. I requested my family members that I also want to go to Islamabad and see its beauty and after some persuasion, they agreed.   Finally, I planned my first trip, and after that we all went to Islamabad together and saw its beauty. The green space was very peaceful and it turned out to be a peaceful and refreshing experience. Islamabad, the capital of Pakistan, surprised me with its cleanliness, greenery and friendly people.   Top 5 Historical Places to Visit in Islamabad (Pakistan)   Islamabad may be a modern capital, but it also has many historical sites. There are also Islamic, tourist, entertainment and cultural attractions that reflect Pakistan’s deep history.Islamabad has many beautiful places that Mountain River lacks and many From ancient ruins to national monuments, here are the top 5 historical places in Islamabad that you shou...
Read more

1st Muharram 2025: The Islamic New Year Begins

-
The 1st of Muharram 2025 marks the beginning of the Islamic New Year, also known as Hijri New Year . Falling on Sunday, June 29, 2025 (subject to moon sighting), this date holds deep historical and spiritual importance for Muslims around the world. It commemorates the Hijrah —the migration of the Prophet Muhammad (peace be upon him) and his followers from Mecca to Medina in 622 CE, a pivotal moment that led to the establishment of the first Islamic state.     The 1st of Muharram 2025 marks the beginning of the Islamic New Year, also known as Hijri New Year . Falling on Sunday, June 29, 2025 (subject to moon sighting), this date holds deep historical and spiritual importance for Muslims around the world. It commemorates the Hijrah —the migration of the Prophet Muhammad (peace be upon him) and his followers from Mecca to Medina in 622 CE, a pivotal moment that led to the establishment of the first Islamic state.   What is Muharram?   Muharram is the first month of...
Read more

Firefighters Battle Three Blazes East of Los Angeles

-
Image
  Two of the three fires in Riverside County were only 30 percent contained. An evacuation order affecting about 5,000 residents was lifted on Monday night. Juniper fire Firefighters in Riverside County, east of Los Angeles, were battling three fires early on Tuesday morning, even after the authorities lifted an evacuation order for thousands of residents. The blaze that prompted the order, the Juniper fire, began just before 11:30 a.m. on Monday and swiftly burned almost 700 acres, according to Cal Fire, the state’s firefighting agency. The order was issued in the afternoon and affected just over 5,000 residents, based on a New York Times analysis of the evacuation zones and LandScan population data. The order was lifted shortly before 9 p.m. by Cal Fire. But only 30 percent of the fire, which was burning in an unincorporated area about 70 miles southeast of central Los Angeles, had been contained. The cause of the Jupiter fire was under investigation. Fire crews would continue wo...
Read more