Donald Trump visits Saudi Arabia: Washington secures $600Bln investment from Riyadh

The US reached an investment during US President Donald Trump's current visit to the country.

Sharing a factsheet, the White House wrote: "Today in Saudi Arabia, President Donald J. Trump announced Saudi Arabia’s $600-billion commitment to invest in the United States, building economic ties that will endure for generations to come."

"The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals," the statement said.

Defence Partnership

The White House said the two nations have also signed a defence sales agreement worth nearly  $142 billion.

The agreement will provide Saudi Arabia with warfighting equipment and services from over a dozen U.S. defence firms.

"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," the White House said.

US-Saudi Relationship

The White House said strategic partnership between the United States and Saudi Arabia has grown increasingly robust over the past eight decades since the meeting between King Abdulaziz Al Saud and President Franklin D. Roosevelt on board the USS Quincy, the 80th anniversary of which was celebrated earlier this year.

"Saudi Arabia is one of the United States’ largest trading partners in the Middle East. Saudi direct investment in the United States totaled $9.5 billion in 2023, focused on the transportation, real estate, and automotive sectors," read the statement issued by the White House.

"In 2024, U.S.-Saudi Arabia goods trade totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a trade surplus in goods of $443 million," the Factsheet said.

The US said Saudi Arabia remains the largest Foreign Military Sales partner with active cases valued at more than $129 billion.

"The $600 billion in Saudi investment in the United States builds on President Trump’s record in 2017 of securing billions in commercial deals and agreements with Saudi Arabia for the defense, energy, technology, and infrastructure sectors," the statement said.