5 hours ago
1
Shortly after arriving in Saudi Arabia on the first day of his high-stakes Middle East trip, President Donald Trump announced that Saudi Arabia committed to investing $600 billion in the United States.
“President Trump is the dealmaker in chief, and he has once again secured a historic deal that strengthens America’s economic dominance and global influence,” the White House said in a statement, adding that the investment will build “economic ties that will endure for generations to come.”
The investment will initially focus on deals that strengthen energy security, the defense industry, technology leadership, and access to global infrastructure and critical minerals.
HERE’S WHAT YOU NEED TO KNOW ABOUT TRUMP’S MIDDLE EAST TRIP
“The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership between the United States and Saudi Arabia,” the White House said. “From day one, President Trump’s America First Trade and Investment Policy has put the American economy, the American worker, and our national security first.”
The Trump administration also announced that the two countries signed the largest defense sales agreement in history, totaling $142 billion, providing Saudi Arabia with air force advancement and space capabilities, air and missile defense, maritime and coastal security, border security and land forces modernization, and information and communication systems.
The first deals in the investment include Saudi company DataVolt investing $20 billion in AI data centers and energy infrastructure in the United States, and Shamekh IV Solutions, LLC will invest $5.8 billion, including in a Michigan high-capacity IV fluid facility. Other multinational companies, including Google, Oracle, Salesforce, and Uber, have committed to investing $80 billion in “cutting-edge transformative technologies” in both the United States and Saudi Arabia.
TRUMP WILL ‘BRING THE WRATH OF ALL IRANIANS’ OVER RENAMING BODY OF WATER, SAYS IRANIAN OFFICIAL
American companies are expected to boost exports to Saudi Arabia and build $2 billion worth of infrastructure in the country. American companies are also slated to build over $14 billion in gas turbines and energy solutions, and Boeing will manufacture nearly $5 billion of 737-8 passenger aircraft for the Saudi company AviLease.
“The United States and Saudi Arabia celebrate these and many other deals today as a result of the growing momentum of the last four months,” the White House said. “The total package has quickly built to more than $600 billion–the largest set of commercial agreements on record between the two countries.”
Investment partnerships will include several sector-specific funds with a strong emphasis on American deployment — such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund — each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
HOW TRUMP AND RUBIO PUT AMERICA FIRST IN 100 DAYS
Saudi Arabia is one of the United States’ largest trading partners in the Middle East, with the United States exporting $13.2 billion in goods in 2024 and importing $12.7 billion from Saudi Arabia, making a trade surplus of $443 million.
During his first term, Trump built strong ties with several Gulf states, which led to the signing of the Abraham Accords between the UAE, Israel, and Bahrain. Trump has expressed interest in expanding the agreement to include Saudi Arabia, but the ongoing war in Israel has complicated those efforts.
English (US) ·