Trump secures $ 600 b in investments from Saudi Arabia

Wednesday, 14 May 2025 01:00 - - {{hitsCtrl.values.hits}}

President Donald Trump has secured $ 600 billion in investment commitments during a summit in Saudi Arabia, according to the White House.

That number matches what Crown Prince Mohammed bin Salman had previously promised over the next four years in enhanced trade and investment with the US.

Trump is in Riyadh meeting with MBS and for an investment forum.

The US agreed to sell Saudi Arabia an arms package worth nearly $ 142 billion, according to a White House fact sheet that called it “the largest defence cooperation agreement” Washington has ever done.

The agreement covers deals with more than a dozen US defence companies in areas including air and missile defence, air force and space advancement, maritime security and communications, the fact sheet said.

“Today we hope for investment opportunities worth $ 600 billion, including deals worth $ 300 billion that were signed during this forum,” the Saudi Crown Prince said in a speech during a US – Saudi Investment Forum session held in Riyadh on the occasion of Trump’s visit. (Agencies)

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