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Trump secures $600bn Saudi investment pledge

Orissa POST

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May 14, 2025

US President Donald Trump secured a $600 billion commitment from Saudi Arabia Tuesday to invest in the United States after the oil power rolled out the red carpet for him at the start of a tour of Gulf states.

- REUTERS

Trump punched the air as he emerged from Air Force One to be greeted by Prince Mohammed bin Salman, who later signed an agreement with the president in Riyadh on energy, defence, mining and other areas.

Saudi Arabia's investment commitment includes what the US described as the largest defence sales agreement between the allies, worth nearly $142 billion.

Reuters reported in April the US was poised to offer the kingdom an arms package worth well over $100 billion.

"I really believe we like each other a lot," Trump said during a meeting with the crown prince, Saudi Arabia's de facto ruler.

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ED RAIDS ON I-PAC

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