📍 On May 14, in Riyadh, President Trump and Crown Prince Mohammed bin Salman (MBS) announced a trade commitment worth 1 trillion USD.
- Other sources from the White House say 600 billion
- Trump declares we did this in 2 months.
🛡 The investment package includes:
- 142 billion USD to purchase U.S. weapons, from aircraft, warships to information technology.
- 14.2 billion USD to purchase gas turbines and equipment from GE Vernova
- 4.8 billion USD for Boeing 737-8 aircraft orders
🧠 Companies like Nvidia, Google, Oracle, AMD, Uber, Salesforce, and DataVolt (Saudi Arabia) will invest 80 billion USD in AI technology, data infrastructure, and energy in the U.S.
🏥 A portion of the funds will also be invested in healthcare:
Shamekh IV Solutions spends 5.8 billion USD to build a manufacturing plant for infusion solutions in Michigan.
🛢 Crown Prince MBS also wants the U.S. to support nuclear energy, helping Saudi Arabia reduce its dependence on oil.
- His goal is to attract 100 billion USD in FDI each year until 2030.
- In 2024, it will only reach 21 billion - the lowest level since 2020.
📉 Oil prices are hovering around 62 USD/barrel, while Saudi Arabia needs 96 USD/barrel to balance its budget.
🇺🇸 For Trump, this is diplomacy through investment.
He sees rich countries like Saudi Arabia as a source of funds for the U.S. economy, especially in technology, defense, and sports.
In summary:
- The U.S. further strengthens oil alliances, gaining abundant financial resources.
- Saudi Arabia is further strengthening military alliances, AI, and nuclear energy.
- Trump asserts: This is a new golden age for the Middle East. We will win together.