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White House Reveals Major Deals with Saudi Arabia


Riyadh: The White House has disclosed the significant agreements signed with Saudi Arabia during the official discussions between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump. These agreements form part of a $600 billion investment package, highlighted by various memoranda of understanding signed under the Strategic Economic Partnership Agreement.



According to National Iraqi News Agency, the agreements include a historic $142 billion defense deal, which comprises advanced American military equipment and extensive training programs for Saudi forces. Additionally, a $20 billion investment by Saudi company DataVolt in artificial intelligence data centers and energy infrastructure within the United States was established.



The partnership also encompasses joint technology investments estimated at $80 billion, involving major corporations such as Google, Oracle, Uber, and AMD. These investments are intended to benefit both countries. Furthermore, American companies AECOM and Parsons have been contracted to execute significant Saudi infrastructure projects valued at $2 billion.



The agreements further outline US exports amounting to $14.2 billion in GE Vernova gas turbines and $4.8 billion in Boeing 737-8 aircraft. Moreover, Shamekh IV Solutions is investing $5.8 billion in the healthcare sector, including plans for a new manufacturing facility in Michigan.



Three investment funds, with a total value of $14 billion, have also been launched, focusing on sectors such as energy, defense, and sports within the United States.



Earlier today, President Trump arrived in Riyadh, marking the start of his Gulf tour. Accompanied by prominent business figures, including Elon Musk, Trump and Crown Prince Mohammed bin Salman concluded their meeting at Al-Yamamah Palace by signing the Strategic Economic Partnership Agreement. Following the ceremony, Trump proceeded to participate in the Saudi-American Investment Forum.