Hugh Cameron
Newsweek, May 14, 2025
“The U.S.-Saudi relationship has been a bedrock of security and prosperity.”
President Donald Trump‘s trip to Saudi Arabia earlier culminated in a $600-billion investment deal with the Kingdom that the administration is touting as a historic milestone for both countries.
While certain details of what is included in the investment package remain elusive, the White House has said that the deals secured during Trump’s trip to Riyadh “represent a new golden era of partnership,” and will foster “economic ties that will endure for generations to come.”
What is the $600 billion Trump-Saudi deal?
In a summary of the deal released on Tuesday, the White House said that Saudi Arabia had made a “$600 billion commitment to invest in the United States.”
It listed a number of private investments promised by Saudi firms, including a $20 billion commitment from DataVolt to establish “AI data centers and energy infrastructure” in the U.S. The list included several partnerships between Saudi and U.S. companies including Google, Uber and Boeing, the latter securing a $4.8 billion order for 737s from a Riyadh-based aircraft lessor.
Multiple American firms have also reportedly agreed to assist in Saudi infrastructure projects, such as the King Salman International Airport and Qiddiya City. The White House said that these projects will total “$2 billion in U.S. service exports.”
As noted by The New York Times, many of the listed investments were short on specifics, and together amounted to less than half the headline, $600-billion figure, though the White House said that the published investments were “just a few of the many transformative deals secured in Saudi Arabia.”
Newsweek has reached out to the White House via email for a full list of the investments included in the $600 billion deal.
In addition to the White House’s announcement, several companies announced deals with Saudi firms during Trump’s visit to the Kingdom. Nvidia, whose CEO Jensen Huang met with Trump and Crown Prince Mohammed bin Salman during the Saudi-U.S. Investment Forum, announced it would be partnering with Humain, an AI startup owned by the Kingdom’s sovereign wealth fund, and sending 18,000 chips to the country to power AI projects.
Amazon Web Services, similarly, announced a partnership with Humain to invest over $5 billion in the creation of an “AI Zone” in Saudi Arabia, which it said will advance the country’s mission to “be a world leader in AI.” …..SOURCE