Source: Africa Publicity
American President, Donald Trump, on Tuesday, May 13, 2025, secured a historic $600 billion commitment from the Kingdom of Saudi Arabia in the United States, The White House has announced.
The United States of America (USA) and Saudi Arabia have also announced a $142 billion arms deal.
The $142 billion deal was announced on day one of President Trump’s visit to Saudi Arabia.
Both nations announced several other investments that Saudi Arabia’s Crown Prince Mohammed bin Salman could be worth about $1 trillion.
Trump and the Crown Prince signed an agreement covering energy, defense, mining, among others.
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President Trump is on a tour of the Gulf region and will visit Qatar and United Arab Emirates (UAE) before returning to the US.
Speaking in Riyadh, Trump said the US has “no stronger partner” than Saudi Arabia.
President Trump spoke at a US-Saudi investment forum, praising the US-Saudi relationship as “more powerful than ever before”.
He also praised his domestic agenda – particularly as it pertains to the economy and foreign investment.
According to him, “From the moment we started we’ve seen wealth that has poured – and is pouring – into America.”
Trump was joined by billionaire ally Elon Musk and other business leaders at a lavish lunch.
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