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US says it secured US$600 bil in investments from Saudi Arabia

Jennifer A. Dlouhy, Hadriana Lowenkron and Kate Sullivan / Bloomberg
Jennifer A. Dlouhy, Hadriana Lowenkron and Kate Sullivan / Bloomberg • 5 min read
US says it secured US$600 bil in investments from Saudi Arabia
Donald J. Trump and Prince Mohammed bin Salman during a signing ceremony at the Saudi Royal Court in Riyadh, Saudi Arabia, on May 13. Photo: Bloomberg
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President Donald Trump said Saudi Arabia would commit to investing US$1 trillion ($1.3 trillion) in the US, a key goal of his first scheduled foreign trip since returning to office.

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

The White House issued a press release earlier outlining agreements it said tallied up to US$600 billion. Full details of the announcements were not immediately available.

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