Posted originally on CTH on May 13, 2025 | Sundance

Celebrating a close and mutually beneficial relationship between the U.S. and Saudi Arabia, President Trump delivers remarks to an audience of both American and Saudi business leaders.  WATCH:

WHITE HOUSE – Today in Saudi Arabia, President Donald J. Trump announced Saudi Arabia’s $600-billion commitment to invest in the United States, building economic ties that will endure for generations to come. The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals.

• The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership between the United States and Saudi Arabia.
• From day one, President Trump’s America First Trade and Investment Policy has put the American economy, the American worker, and our national security first.
• The following represent just a few of the many transformative deals secured in Saudi Arabia:
  • Saudi Arabian DataVolt is moving forward with plans to invest $20 billion in AI data centers and energy infrastructure in the United States.
  • Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
  • Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in U.S. services exports.
  • Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
  • In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
  • Investment partnerships include several sector-specific funds with a strong emphasis on U.S. deployment—such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund—each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
• Underscoring our commitment to strengthening our defense and security partnership, the United States and Saudi Arabia signed the largest defense sales agreement in history—nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.
  • The sales that we intend to complete fall into five broad categories: (1) air force advancement and space capabilities, (2) air and missile defense, (3) maritime and coastal security, (4) border security and land forces modernization, and (5) information and communication systems upgrades.
  • The package also includes extensive training and support to build the capacity of the Saudi armed forces, including enhancement of Saudi service academies and military medical services.
  • This deal represents a significant investment in Saudi Arabia’s defense and regional security, built on American systems and training.
• The United States and Saudi Arabia celebrate these and many other deals today as a result of the growing momentum of the last four months. The total package has quickly built to more than $600 billion–the largest set of commercial agreements on record between the two countries.

UNLOCKING NEW OPPORTUNITIES THROUGH DEEPER ALLIANCES: The strategic partnership between the United States and Saudi Arabia has grown increasingly robust over the past eight decades since the meeting between King Abdulaziz Al Saud and President Franklin D. Roosevelt on board the USS Quincy, the 80th anniversary of which was celebrated earlier this year.

• Saudi Arabia is one of the United States’ largest trading partners in the Middle East.
  • Saudi direct investment in the United States totaled $9.5 billion in 2023, focused on the transportation, real estate, and automotive sectors.
  • In 2024, U.S.-Saudi Arabia goods trade totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a trade surplus in goods of $443 million.
• The United States and Saudi Arabia share a commitment to deeper economic integration, underscoring the Kingdom’s pledge of expanding cooperation in critical sectors such as health, energy, and science.
  • The U.S. Department of Energy and the Ministry of Energy of the Kingdom of Saudi Arabia have concluded an agreement for cooperation in the field of energy.  This agreement builds upon their strong existing relationship; it will focus collaboration on examining the potential for innovation, development, financing, and deployment of energy infrastructure.
  • The Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia and the Department of Energy of the United States of America have signed a Memorandum of Cooperation to collaborate on mining and mineral resources.  The agreement contributes to economic development and the diversification and resilience of critical mineral supply chains.
  • NASA and the Saudi Space Agency have signed an agreement for a CubeSat to fly on NASA’s Artemis II test flight. Saudi Arabia’s CubeSat will measure aspects of space weather at a range of distances from Earth and deploy in high Earth orbit from a spacecraft adapter on the Space Launch System rocket after the Orion spacecraft is safely flying on its own with its crew of four astronauts.
  • The United States and Saudi Arabia recently agreed to modernize the Air Transport Agreement to allow U.S. airlines to carry cargo between Saudi Arabia and third countries without needing to stop in the United States, an important right for cargo hub operations. Saudi carriers will have the same rights to serve the United States.
• The United States and Saudi Arabia further underscored their commitment to deeper cultural, educational, and scientific partnerships through the signing of agreements between the Smithsonian Institution’s National Museum of Asian Art and the Royal Commission for AlUla on collaborative research and an exhibition focused on artifacts from ancient Dadan in AlUla, and between the Smithsonian’s National Zoo and the Royal Commission for AlUla to support the conservation of the endangered Arabian leopard through creation of a dedicated exhibit in Washington, D.C.
• Saudi Arabia remains our largest Foreign Military Sales partner with active cases valued at more than $129 billion.
  • Our defense relationship with the Kingdom of Saudi Arabia is stronger than ever under President Trump’s leadership, and the package signed today, the largest defense cooperation deal in U.S. history, is a clear demonstration of our commitment to strengthening our partnership.
  • The agreement opens the door for expanded U.S. defense industry participation and long-term sustainment partnerships with Saudi entities.
• The deepening United States-Saudi Arabia partnership reflects a joint vision for long-term prosperity and employment opportunities in both nations.

BUILDING ON A RECORD OF WINNING AT HOME AND ABROAD: President Trump is delivering on his promise to Make America Great Again by catalyzing investment and negotiating fair trade deals to accelerate American employment and prosperity.

• President Trump is the dealmaker in chief, and he has once again secured a historic deal that strengthens America’s economic dominance and global influence.
• This comes just one week after President Trump announced a U.S.-UK trade agreement that levels the playing field, creates jobs, and opens market access with the United Kingdom.
• Leading up to this historic deal, President Trump had already secured trillions in U.S.-based investments, setting the stage for a new era of American prosperity.
• The $600 billion in Saudi investment in the United States builds on President Trump’s record in 2017 of securing billions in commercial deals and agreements with Saudi Arabia for the defense, energy, technology, and infrastructure sectors.

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