Saudi Crown Prince Mohammed bin Salman told President Trump that Saudi Arabia will increase its U.S. investments to nearly $1 trillion.
“You’ve agreed to invest $600 billion into the United States and because he’s my friend, he might make it a trillion, but I’m going to have to work on him,” President Trump said from the Oval Office. “But it’s 600. We can count on 600 billion. But, that number could go up a little bit higher.”
“That means investments in plants, in companies, money on Wall Street. And what it really means for everybody, what really counts is jobs. A lot of jobs. We have a lot of jobs,” the president added.
Mohammed bin Salman then vowed to increase its investments to $1 trillion.
You’re telling me now the $600 billion will be $1 trillion?” Trump asked, to which bin Salman responded, “Definitely.”
In May, President Trump announced an economic partnership with Saudi Arabia, which committed to investing $600 billion in the United States. The deal will “strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals,” a White House fact sheet says.
Nearly $142 billion would be used to provide Saudi Arabia with “state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms,” including air force advancement and space capabilities, missile defense, maritime security, border security, and upgraded information systems.
At the time, the White House referred to President Trump as the “dealmaker in chief,” stating that he had “once again secured a historic deal that strengthens America’s economic dominance and global influence.”
