President Donald 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.
The deal also includes 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,” the White House explained.
Nearly $142 billion will 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.
Under the deal, American companies Hill International, Jacobs, Parsons, and AECOM will develop infrastructure projects such as the King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and others, totaling $2 billion. Other exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease, amounting to $4.8 billion.
“President Trump is the dealmaker in chief, and he has once again secured a historic deal that strengthens America’s economic dominance and global influence,” the White House declared.
“With this historic state visit, we celebrate more than 80 years of close partnership between the United States and the Kingdom of Saudi Arabia,” Trump said during the Saudi-U.S. Investment Forum, adding, “Today, we reaffirm this important bond—and we take the next steps to make our relationship closer, stronger, and more powerful than ever before.”
