Trump secures historic $600 billion Saudi investment: White House
The White House announced a USD 600 billion investment commitment from Saudi Arabia during President Donald J. Trump state visit to Riyadh, marking a new era of economic partnership between the two nations.
The announcement, detailed in a White House fact sheet titled "President Donald J. Trump Secures Historic USD 600 Billion Investment Commitment in Saudi Arabia," underscores the deepening strategic alliance forged during the Saudi-US Investment Forum at the King Abdulaziz International Conference Center.
The deals, described as the largest set of commercial agreements in the history of US-Saudi relations, aim to bolster energy security, defense, technology, and infrastructure while creating high-quality jobs across the United States.
Transformative economic partnership
The White House highlighted that the agreements, secured in just four months, reflect President Trump's America First Trade and Investment Policy, prioritizing American workers, national security, and economic dominance. 'The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership,' the White House stated.
Key deals include:
DataVolt's USD20 Billion Investment: Saudi-based DataVolt will invest USD20 billion in AI data centers and energy infrastructure in the US, advancing technological innovation.
Tech Giants' USD80 Billion Commitment: Companies like Google, Oracle, Salesforce, AMD, and Uber pledged USD80 billion to develop cutting-edge technologies in both nations, reinforcing US leadership in AI and digital infrastructure.
Infrastructure Exports: US firms Hill International, Jacobs, Parsons, and AECOM secured USD2 billion in contracts for Saudi mega-projects like King Salman International Airport, King Salman Park, The Vault, and Qiddiya City, boosting US service exports.
Energy and Aviation Deals: GE Vernova will supply USD14.2 billion in gas turbines and energy solutions, while Boeing secured a USD4.8 billion deal for 737-8 aircraft for Saudi's AviLease.
Healthcare Investment: Shamekh IV Solutions, LLC will invest USD5.8 billion, including a Michigan-based IV fluid facility, enhancing US healthcare infrastructure.
Sector-Specific Funds: Saudi Arabia committed to a USD5 billion Energy Investment Fund, a USD5 billion Aerospace and Defense Technology Fund, and a USD4 billion Global Sports Fund, channeling capital into US industries.
Historic Defense Agreement: The largest defense sales deal in US history, valued at nearly USD142 billion, will provide Saudi Arabia with advanced warfighting equipment, training, and support across air force, missile defense, maritime security, border security, and communications systems.
The White House fact sheet emphasized the enduring US-Saudi partnership, with Saudi Arabia as one of America's largest Middle East trading partners.
In 2024, bilateral goods trade reached USD 25.9 billion, with a US trade surplus of USD 443 million. Saudi direct investment in the US totaled USD 9.5 billion in 2023, focused on transportation, real estate, and automotive sectors.
The Kingdom remains the US's largest Foreign Military Sales partner, with active cases valued at over USD 129 billion.
New agreements signed during the visit:
Energy Collaboration: The US Department of Energy and Saudi Ministry of Energy agreed to innovate and deploy energy infrastructure, building on their strong relationship.
Critical Minerals Partnership: A Memorandum of Cooperation between the US Department of Energy and Saudi Ministry of Industry and Mineral Resources aims to diversify and strengthen critical mineral supply chains.
Space Exploration: NASA and the Saudi Space Agency signed an agreement for a Saudi CubeSat to fly on NASA's Artemis II mission, measuring space weather in high Earth orbit.
Air Transport Modernization: An updated Air Transport Agreement allows US and Saudi airlines to carry cargo between their countries and third destinations without intermediate stops, enhancing cargo hub operations.
Cultural and Conservation Initiatives: The Smithsonian Institution signed agreements with the Royal Commission for AlUla for collaborative research, an exhibition on ancient Dadan artifacts, and a National Zoo exhibit to support the conservation of the endangered Arabian leopard.
Trump's Deal-Making Legacy
The White House hailed President Trump as the 'dealmaker in chief,' noting that the USD 600 billion package builds on his 2017 success in securing billions in US-Saudi commercial deals.
The announcement follows a US-UK trade agreement just one week prior, further showcasing Trump's commitment to fair trade and American prosperity. 'President Trump is delivering on his promise to Make America Great Again by catalyzing investment and negotiating fair trade deals,' the fact sheet stated, emphasizing the creation of jobs and opportunities across both nations.
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