📍 On May 14, in Riyadh, President Trump and Crown Prince Mohammed bin Salman (MBS) announced a trade commitment worth 1,000 billion USD.
- Other sources from the White House say 600 billion
- Trump claims we did this in 2 months
🛡 The investment package includes:
- 142 billion USD for U.S. weapon purchases, from aircraft and 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 is also allocated to healthcare:
The company Shamekh IV Solutions spends 5.8 billion USD to build a production facility 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 by 2030,
- In 2024, it will only reach 21 billion – the lowest 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 wealthy 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 its oil alliance, with an additional abundant source of funds.
- Saudi Arabia further strengthens military alliances, AI, and nuclear energy
- Trump asserts: This is a new golden era for the Middle East. We will win together.