Today, President Trump attended the U.S.-Saudi Investment Forum alongside Fortune 500 CEOs such as Elon Musk, Jensen Huang and Larry Fink.
Held at the Ritz-Carlton Riyadh, President Trump announced Saudi Arabia’s $600 billion commitment to invest in the United States.
According to a White House press release, Saudi Arabia has commited to “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 plan includes Saudi Arabian DataVolt investing $20 billion in AI data centers and energy infrastructure in the U.S., as well as Google, DataVolt, Oracle, Salesforce, AMD, and Uber committing $80 billion to invest in cutting-edge transformative technologies in both countries.
“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,” the White House wrote.
Trump also signed “the largest defense sales agreement in history” providing Saudi Arabia with “state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms,” a deal worth nearly $142 billion, the White House confirmed.
“Riyadh is becoming not just a seat of government but a major business, cultural and high-tech capital of the entire world,” Trump stated.
By CEO NA Editorial Staff
