US EditionTrump and Saudi Arabia announce $600 billion investment deal, including $142 billion in defense
- On Tuesday in Riyadh, U.S. President Donald Trump reached an agreement with Saudi Arabia for investments totaling $600 billion, which encompasses a defense and security deal valued at $142 billion.
- This deal followed months of diplomatic efforts, including a January phone call where Saudi Crown Prince Mohammed bin Salman pledged the investment, amid ongoing concerns about Middle East security and Iran.
- The agreements encompass cooperation in power systems, military equipment, advanced innovations, and construction projects, involving over a dozen American defense firms. Key elements include missile and aerial protection systems, space-related developments, and a $20 billion Saudi commitment to U.S.-based artificial intelligence data centers.
- During the forum, the Saudi crown prince expressed optimism about securing investments totaling $600 billion, with $300 billion in agreements already finalized, while Trump indicated his goal is to increase the total value of deals to $1 trillion.
- The White House celebrated the agreement as a landmark achievement, highlighting it as a key element of Trump’s economic strategy for a potential second term while emphasizing enhanced U.S.-Saudi relations and the promise of domestic job growth.
251 Articles
251 Articles
5 takeaways from Trump’s day in Saudi Arabia
President Trump made his first stop on his Middle East swing in Saudi Arabia Tuesday, where he received a warm welcome from Crown Prince Mohammed bin Salman and top U.S. and Saudi business leaders. Trump secured hundreds of billions in investments from Saudi Arabia on Tuesday and took steps to reframe relations with the Middle East, including taking a softer tone – while still offering a stern tone – in Iran following the regime change. Here are…
Grand Forks Herald
Pine and Lakes Echo JournalTrump says US to lift Syria sanctions, secures $600 billion Saudi deal
RIYADH, Saudi Arabia — President Donald Trump announced on Tuesday that the U.S. will lift long-standing sanctions on Syria, and secured a $600 billion commitment from Saudi Arabia to invest in the United States on a trip to the Gulf. The U.S. agreed to sell Saudi Arabia an arms package worth nearly $142 billion, according to the White House which called it "the largest defense cooperation agreement" Washington has ever done. The surprise announ…
Trump Meets Gulf Allies In Middle East Trip
In his first major diplomatic trip of his second term, President Donald Trump aims to secure investment, trade, and technology deals from Gulf allies amid ongoing regional conflicts, including Israel’s war in Gaza. In Saudi Arabia, he aims to secure a $1 trillion investment in the U.S., building on the $600 billion already pledged by Crown Prince Mohammed bin Salman over the next four years. Trump is also expected to offer a $100 billion arms pa…
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