Trump's visit to Saudi delivers $142bn defence deal, Al orders for firms

US President Donald Trump secured a $600 billion commitment from Soudi Arabia on Tuesday to invest in the United States after the oil power according  him a gala welcome at the start of a tour of Gulf stars.

Meanwhile, the US agreed to sell Saudi Arabia an arms pack age worth nearly $142 bilion according to a White House fact sheet thot called "the largest defence cuoperation she largest estion agreement Washington  has ever done.

Separately, US chip firm AMD and Humain announced plans to build Al infrastructure that will see them invest up to $10 billion to deploy 500 mega watts of Al enmputing capacity over the next five years.

Saudi Arabian DataVolt plans to invest $20 billion in Al data centres and energy Infrastruc ture in the United States. Ge Goo gle, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest 580 billion in technolo gies in both countries.

Pacts on several deals :Trump punched the air as he emerged from Air Force One to be greeted by crown prince Prince Mohammed bin Salman, who later signed an agreement with the president in Riyadh en energy, defence, mining and other areas.

Today we hope for invest ment opportunities worth $600 billion, including deals worth, $300 billion that were signed during this forum," the Saudi crown prince said in a speech during a US-Saudi Investment Forum session held in Riyadh on the occasion of Trump's visit "We will work in the coming months on the second phase to complete deals and raise it to St trillion," he said. Saudi Arabia is one of the largest customers for US arms.

 I really believe we lieve we like each other a lot. Trump said during a meeting with the croNTI prince, Saudi Arabia's de facturoler, The US and Saudi Arabia had discussed Riyadh's potential purchase of Lockheed F-15 jets, two sources briefed on dis cussions told Reuters, referring to a military aircraft that the lingdom is long thought to have been interested in Trump, who was accompa nied by US business lea by Us business leaders including billionaire Elon Musk will go on from Riyadh to Qatar on Wednesday and the United Arab Emirates on Thursday.








Comments