Published Date: 14.05.2025 04:45 / Politics

Trump Announces $1T in US Investments from Saudi Deals

Trump Announces $1T in US Investments from Saudi Deals

United States President Donald Trump announced on Tuesday that agreements secured during his visit to Riyadh will bring $1 trillion in investments to the US economy. The landmark deals were unveiled at the Saudi-US Investment Forum and mark a significant milestone in bilateral economic relations.

Key contributions include $500 billion each from Apple and Nvidia, $200 billion from TSMC, and further expected investments from Amazon and Oracle. Trump emphasized the historic nature of these commitments and credited his administration’s efforts during its initial months in office for the rapid progress.

In addition to corporate investments, the United States and Saudi Arabia signed a broad economic partnership agreement. This includes memoranda of understanding in energy cooperation, modernization of Saudi armed forces, mining and mineral resources, and cooperation between NASA and the Saudi Space Agency in areas such as weather monitoring and space research.

The White House also announced a $600 billion Saudi investment pledge focused on AI data centers, energy infrastructure, and healthcare innovation, aimed at driving technological advancement and job creation across the US. American companies like Google, Oracle DataVolt, AMD, Uber, and Salesforce committed $80 billion to transformative technology projects in both the US and Saudi Arabia.

Furthermore, the two countries inked a nearly $142 billion defense sales agreement, solidifying the strategic military partnership. The White House described these deals as the largest commercial agreements ever recorded between the US and Saudi Arabia, reflecting the growing momentum of bilateral relations over the past four months.

President Trump praised Saudi Arabia's "great friendship" and underscored the strategic importance of continued economic collaboration. He highlighted that these deals represent a historic commitment to innovation, economic growth, and strengthening US-Saudi ties.