President Donald Trump on Tuesday unveiled a sweeping $600 billion investment commitment from Saudi Arabia into the United States, calling it a “golden era” of U.S.-Middle East economic cooperation and listing a series of multibillion-dollar deals with leading American corporations in tech, defense and infrastructure.
“From the moment we started, we’ve seen wealth that just poured and is pouring back into America,” Trump said in Riyadh during the U.S.-Saudi Investment Forum.
“This week, there are multi-billion dollar commercial deals with Amazon.com Inc. (NASDAQ:AMNZ), Oracle Corp. (NASDAQ:ORCL), Advanced Micro Devices Inc. (NASDAQ:AMD). They’re all here. Uber Technologies Inc. (NYSE:UBER), Qualcomm Inc. (NASDAQ:AVGO), Johnson & Johnson (NYSE:JNJ), and many, many more,” Trump added.
Saudi Arabia’s $600B Investment Package: What’s Inside?
Trump announced “the largest set of commercial agreements on record” between the U.S. and Saudi Arabia, calling it a “historic and transformative” leap forward.
The $600 billion deal includes: