Saudi Arabia to Invest $600B in the US
In a landmark $600B deal, Saudi Arabia and the US launch historic partnerships in defence, AI, energy, and infrastructure with future plans to expand.
- Publish date: since 3 days
Saudi Arabia has committed to invest $600 billion in the US in a series of deals in defence, technology, energy, infrastructure and critical minerals, according to the White House.
US President Donald Trump secured the deal with the Kingdom on Tuesday, May 13, during his visit to the country, which is part of the American president's first foreign trip in his second term.
In the next phase, Saudi Arabia and the US will secure additional deals, reaching one trillion dollars, the Kingdom's Crown Prince Mohammed bin Salman told the US-Saudi Investment Forum in Riyadh.
The deals include "the largest defence sales agreement in history", which is worth $142 billion and will provide the Kingdom with defence equipment from more than a dozen US firms.
The defence deals include the following:
- Air force advancement
- Space capabilities
- Air and missile defence
- Maritime and coastal security
- Modernisation of border security and land forces
- Information and communication systems upgrades
The deal also includes extensive training of Saudi arms forces, including advancement of service academies and military medical services.
Another important deal includes the Saudi Arabian company DataVolt promising a $20 billion investment in the US' AI data centers and energy infrastructure.
Google, DataVolt, Oracle, Salesforce, AMD and Uber will invest $80 billion in technology in both countries.
GE Vernova will provide gas turbines and energy solutions worth $14.2 billion, while Boeing has secured a deal of $4.8 billion with Saudi Arabia's AviLease for 30 737-8 passenger aircraft.
Investments in Healthcare and Other Sectors
Shamekh IV Solutions will invest $5.8 billion in the US for the advancement of the healthcare sector.
Investment partnerships were also established, including the five-billion-dollar Energy Investment Fund, the five-billion-dollar New Era Aerospace and Defence Technology Fund, and the four-billion-dollar Enfield Sports Global Sports Fund.
The US Department of Energy and Saudi Arabia's Ministry of Energy finalized an agreement for collaboration in the energy sector.
Saudi Arabia's Ministry of Industry and Mineral Resources and the US Department of Energy have signed a deal to work together on mining and mineral resources.
The US' NASA and the Saudi Space Agency have agreed for a CubeSat to fly on the former's Artemis II test flight.
The US has also agreed for its airlines to carry cargo between Saudi Arabioa and third countries without stopping in the US.
Both countries will sign agreements between the Royal Commission for AlUla and the Smithsonian Institution’s National Museum of Asian Art and the Smithsonian’s National Zoo.
Other than Saudi Arabia, President Trump will also visit the UAE and Qatar this week.
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