Saudis to invest $1 trn: Trump

President Donald Trump said Saudi Arabia would commit to investing $1 trillion in the US, promoting a flurry of dealmaking at the start of his four-day Middle East visit.

- Jennifer A. Dlouhy, Adriana Lowenkron & Kate Sullivan

Trump's announcement Tuesday came as he cemented his relationship with Saudi Crown Prince Mohammed bin Salman, a key regional power player by making Riyadh his first scheduled overseas stop. The president was accompanied by some of the most prominent US chief executive officers.

"If you take a look at other presidencies, they wouldn't do $1 trillion, sometimes in years," Trump said during a Saudi-US investment summit. "We did this in essentially two months."

The de-facto Saudi leader, known as MBS, initially committed to $600 billion in new Saudi investment in the US over a four-year period, a figure that matched what the White House announced in a press release.