Trump Secures $600 Billion Deal During Saudi Arabia Visit
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U.S. President Donald Trump secured a $600 billion investment commitment from Saudi Arabia on Tuesday, marking a significant development in U.S.-Gulf relations. The announcement came after the president received a ceremonial welcome in Riyadh at the start of his multi-nation tour of Gulf states.
The investment pledge was reported by multiple sources close to the negotiations. It covers several sectors including energy, infrastructure, defense, and technology. Officials stated that the commitment aligns with Saudi Arabia's Vision 2030 plan, which aims to reduce the kingdom's dependence on oil by increasing foreign partnerships and investments.
The visit also triggered a wave of business deals across Riyadh, Doha, and Abu Dhabi. According to regional media reports, artificial intelligence and emerging technologies were central themes in the announcements. Gulf nations are moving quickly to establish a strong presence in the global AI economy.
Several agreements and initiatives were reported during the visit: Gulf sovereign wealth funds announced plans to invest in U.S. tech and AI firms.
Joint ventures in AI, smart cities, and healthcare technology were unveiled.
New innovation zones were announced to attract U.S. startups in robotics and data science.
Sources from Gulf Business and Reuters confirmed that these deals reflect the region's push toward digital transformation. Experts say the Middle East AI market is expected to contribute over $320 billion to the regional economy by 2030.
Economists noted that this shift signals a broader pivot from traditional oil-driven revenues to high-tech, future-oriented sectors. Officials from both sides described the visit as a step toward deeper economic cooperation.
The Saudi Ministry of Investment and the White House have not yet released a detailed breakdown of the investment package. However, both parties emphasized the long-term strategic value of the agreements made during the Donald Trump Saudi Arabia visit.
Sources:
Reuters, Gulf Business, Bloomberg
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