
Saudi Arabia commits to invest $600bn in US: Trump
RIYADH, 10 hours, 34 minutes ago
President Donald J Trump, on his state visit to Saudi Arabia, has announced a $600-billion commitment from Saudi Arabia to invest in the United States, building economic ties that will endure for generations to come, the White House has announced.
Underscoring US commitment to strengthening its defence and security partnership, the US and Saudi Arabia signed the largest defence sales agreement in history — nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen US defense firms.
The deals were announced following a meeting between Saudi Arabia's HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and President Trump.
The first deals under the announcement strengthen energy security, defence industry, technology leadership, and access to global infrastructure and critical minerals.
The deals 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 the following represent just a few of the many transformative deals secured in Saudi Arabia:
* Saudi Arabian DataVolt is moving forward with plans to invest $20 billion in AI data centers and energy infrastructure in the United States.
* Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
* Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in US services exports.
* Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
* In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
* Investment partnerships include several sector-specific funds with a strong emphasis on US 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.
Defence deals
The defence sales that US intends to complete fall into five broad categories: (1) air force advancement and space capabilities, (2) air and missile defense, (3) maritime and coastal security, (4) border security and land forces modernization, and (5) information and communication systems upgrades.
The package also includes extensive training and support to build the capacity of the Saudi armed forces, including enhancement of Saudi service academies and military medical services.
This deal represents a significant investment in Saudi Arabia’s defence and regional security, built on American systems and training. - TradeArabia News Service