{"id":7114,"date":"2025-05-13T12:34:00","date_gmt":"2025-05-13T19:34:00","guid":{"rendered":"https:\/\/iranreport.org\/?p=7114"},"modified":"2025-05-14T05:46:18","modified_gmt":"2025-05-14T12:46:18","slug":"politics","status":"publish","type":"post","link":"https:\/\/iranreport.org\/?p=7114","title":{"rendered":"White House announces $600 billion Saudi investment in U.S. during Trump visit"},"content":{"rendered":"\n

President Donald Trump on Tuesday praised Saudi Arabia and its leaders after the White House announced a commitment by the kingdom to invest $600 billion in a series of deals with the U.S.<\/p>\n\n\n\n

Trump also announced at an investment forum in Riyadh that he will order the removal of all U.S. sanctions against Syria, \u201cin order to give them a chance at greatness.\u201d<\/p>\n\n\n\n

Trump\u2019s speech at the investment conference followed him signing several bilateral agreements during a state visit with Saudi Crown Prince Mohammed bin Salman.<\/p>\n\n\n\n

Among the agreements secured is a nearly $142 billion defense sales deal, providing the kingdom with \u201cstate-of-the-art warfighting equipment and services from over a dozen U.S. defense firms,\u201d the White House said.<\/p>\n\n\n\n

That commitment is nearly double Saudi Arabia\u2019s 2025 defense budget, which totaled $78 billion. The White House\u2019s announcement does not say when the defense deal is expected to conclude.<\/p>\n\n\n\n

\"U.S.
U.S. President Donald Trump and Saudi Crown Prince and Prime Minister Mohammed bin Salman shake hands during a Memorandum of Understanding signing ceremony at the Royal Court in Riyadh, Saudi Arabia, on May 13, 2025. Brian Snyder | Reuters<\/figcaption><\/figure>\n\n\n\n

Bin Salman, who spoke before Trump at the investment conference, said the aim is to raise the U.S.-Saudi partnership to $1 trillion across the military, security, economic and technological sectors.<\/p>\n\n\n\n

Economists point out that making good on that investment pledge will be a challenge for the kingdom, which faces sky-high costs for its own Vision 2030 investment ambitions.<\/p>\n\n\n\n

Lower global oil prices and big-ticket public spending projects have brought about widening budget deficits for Riyadh.<\/p>\n\n\n\n

The White House also announced commitments from Saudi digital infrastructure business DataVolt to pursue a $20 billion investment in artificial intelligence data centers in the U.S.<\/p>\n\n\n\n

The total investment figure also includes a combined $80 billion in commitments from DataVolt, Google, Oracle, Salesforce, AMD and Uber to invest in both the U.S. and Saudi Arabia, according to the White House.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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