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Trump Rakes in Nearly USD 1T in Saudi Investments

Trump Rakes in Nearly USD 1T in Saudi Investments
  • Saudi Arabia pledges nearly USD 1T in US investments, up from USD 600B, during the Crown Prince’s White House visit.
  • US-Saudi collaboration focuses on AI, defense, energy, and high-tech deals, highlighting strategic and economic partnership between both nations.
  • Discussions include advanced F-35 jets, missile defense systems, and military modernization, reinforcing Saudi’s security and economic diversification strategies.

Trump

In a visit to the White House,  Saudi Crown Prince Mohammed bin Salman confirms that Saudi Arabia would increase its previous commitment of USD 600 billion to nearly USD 1 trillion

This is the crown prince’s first official visit to the US since 2018. It is also the first formal encounter with Trump since his visit to the Kingdom in May. The visit was seen as confirmation of the enduring partnership between the two nations. During the visit, the partnership was strengthened by a deal in defense, nuclear, energy and high technology. 

During the press briefing, Trump went so far to describe  Saudi Arabia as a strong ally and important partner. This was after he described the crown prince as a ‘good friend’ and that it was an honor to host him in the White House.

Economic Deals

The crown prince indicated that the US-Saudi collaboration was creating real opportunities in artificial intelligence. Further stating that the relationship between the two nations is essential. 

At the core of the discussion was a drive to strengthen Saudi’s military capabilities and its strategy of economic diversification. Moreover, the most important deal discussed was the sale of advanced F-35 stealth fighter jets. This deal would represent a shift in US arms export policy to the region. Additionally, there were discussions of deals on advanced air and missile defence systems intended to enhance Saudi’s security capabilities.

The visit primarily centered on economic matters and Saudi Arabia’s ongoing push to transform and diversify its economy. In addition, there was a large focus on the economics and investments surrounding advanced technology.

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