President Donald J. Trump Secures Historic $600 Billion Funding Dedication in Saudi Arabia

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STRENGTHENING STRATEGIC PARTNERSHIPS FOR ECONOMIC PROSPERITY: At the moment in Saudi Arabia, President Donald J. Trump introduced Saudi Arabia’s $600-billion dedication to put money into america, constructing financial ties that may endure for generations to come back. The primary offers below the announcement strengthen our vitality safety, protection trade, know-how management, and entry to world infrastructure and demanding minerals.

The offers celebrated at the moment are historic and transformative for each international locations and signify a brand new golden period of partnership between america and Saudi Arabia.

From day one, President Trump’s America First Commerce and Funding Coverage has put the American economic system, the American employee, and our nationwide safety first.

The next signify only a few of the numerous transformative offers secured in Saudi Arabia: Saudi Arabian DataVolt is transferring ahead with plans to speculate $20 billion in AI information facilities and vitality infrastructure in america.

Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to speculate $80 billion in cutting-edge transformative applied sciences in each international locations.

Iconic American corporations together with Hill Worldwide, Jacobs, Parsons, and AECOM are constructing key infrastructure tasks like King Salman Worldwide Airport, King Salman Park, The Vault, Qiddiya Metropolis, and way more totaling $2 billion in U.S. providers exports.

Extra main exports embrace GE Vernova’s fuel generators and vitality options totaling $14.2 billion and Boeing 737-8 passenger plane for AviLease totaling $4.8 billion.

Within the healthcare sector, Shamekh IV Options, LLC can be investing $5.8 billion, together with a plant in Michigan to launch a high-capacity IV fluid facility.

Funding partnerships embrace a number of sector-specific funds with a robust emphasis on U.S. deployment—such because the $5 billion Power Funding Fund, the $5 billion New Period Aerospace and Protection Know-how Fund, and the $4 billion Enfield Sports activities International Sports activities Fund—every channeling substantial capital into American industries, driving innovation, and creating high-quality jobs throughout america.

Underscoring our dedication to strengthening our protection and safety partnership, america and Saudi Arabia signed the biggest protection gross sales settlement in historical past—practically $142 billion, offering Saudi Arabia with state-of-the-art warfighting gear and providers from over a dozen U.S. protection corporations. The gross sales that we intend to finish fall into 5 broad classes: (1) air power development and area capabilities, (2) air and missile protection, (3) maritime and coastal safety, (4) border safety and land forces modernization, and (5) info and communication methods upgrades.

The bundle additionally contains intensive coaching and help to construct the capability of the Saudi armed forces, together with enhancement of Saudi service academies and navy medical providers.

This deal represents a big funding in Saudi Arabia’s protection and regional safety, constructed on American methods and coaching.

America and Saudi Arabia have fun these and lots of different offers at the moment on account of the rising momentum of the final 4 months. The whole bundle has rapidly constructed to greater than $600 billion–the biggest set of business agreements on file between the 2 international locations.

UNLOCKING NEW OPPORTUNITIES THROUGH DEEPER ALLIANCES: The strategic partnership between america and Saudi Arabia has grown more and more strong over the previous eight a long time because the assembly between King Abdulaziz Al Saud and President Franklin D. Roosevelt on board the united statesQuincy, the eightieth anniversary of which was celebrated earlier this 12 months.

Saudi Arabia is likely one of the United States’ largest buying and selling companions within the Center East. Saudi direct funding in america totaled $9.5 billion in 2023, centered on the transportation, actual property, and automotive sectors.

In 2024, U.S.-Saudi Arabia items commerce totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a commerce surplus in items of $443 million.

America and Saudi Arabia share a dedication to deeper financial integration, underscoring the Kingdom’s pledge of increasing cooperation in crucial sectors reminiscent of well being, vitality, and science. The U.S. Division of Power and the Ministry of Power of the Kingdom of Saudi Arabia have concluded an settlement for cooperation within the area of vitality. This settlement builds upon their sturdy present relationship; it should focus collaboration on analyzing the potential for innovation, improvement, financing, and deployment of vitality infrastructure.

The Ministry of Business and Mineral Sources within the Kingdom of Saudi Arabia and the Division of Power of america of America have signed a Memorandum of Cooperation to collaborate on mining and mineral sources. The settlement contributes to financial improvement and the diversification and resilience of crucial mineral provide chains.

NASA and the Saudi House Company have signed an settlement for a CubeSat to fly on NASA’s Artemis II check flight. Saudi Arabia’s CubeSat will measure points of area climate at a spread of distances from Earth and deploy in excessive Earth orbit from a spacecraft adapter on the House Launch System rocket after the Orion spacecraft is safely flying by itself with its crew of 4 astronauts.

America and Saudi Arabia not too long ago agreed to modernize the Air Transport Settlement to permit U.S. airways to hold cargo between Saudi Arabia and third international locations while not having to cease in america, an vital proper for cargo hub operations. Saudi carriers can have the identical rights to serve america.

America and Saudi Arabia additional underscored their dedication to deeper cultural, instructional, and scientific partnerships by way of the signing of agreements between the Smithsonian Establishment’s Nationwide Museum of Asian Artwork and the Royal Fee for AlUla on collaborative analysis and an exhibition centered on artifacts from historical Dadan in AlUla, and between the Smithsonian’s Nationwide Zoo and the Royal Fee for AlUla to help the conservation of the endangered Arabian leopard by way of creation of a devoted exhibit in Washington, D.C.

Saudi Arabia stays our largest International Army Gross sales companion with lively instances valued at greater than $129 billion. Our protection relationship with the Kingdom of Saudi Arabia is stronger than ever below President Trump’s management, and the bundle signed at the moment, the biggest protection cooperation deal in U.S. historical past, is a transparent demonstration of our dedication to strengthening our partnership.

The settlement opens the door for expanded U.S. protection trade participation and long-term sustainment partnerships with Saudi entities.

The deepening United States-Saudi Arabia partnership displays a joint imaginative and prescient for long-term prosperity and employment alternatives in each nations.

BUILDING ON A RECORD OF WINNING AT HOME AND ABROAD: President Trump is delivering on his promise to Make America Nice Once more by catalyzing funding and negotiating honest commerce offers to speed up American employment and prosperity.

President Trump is the dealmaker in chief, and he has as soon as once more secured a historic deal that strengthens America’s financial dominance and world affect.

This comes only one week after President Trump introduced a U.S.-UK commerce settlement that ranges the enjoying area, creates jobs, and opens market entry with the UK.

Main as much as this historic deal, President Trump had already secured trillions in U.S.-based investments, setting the stage for a brand new period of American prosperity.

The $600 billion in Saudi funding in america builds on President Trump’s file in 2017 of securing billions in business offers and agreements with Saudi Arabia for the protection, vitality, know-how, and infrastructure sectors. [ad_2] Source link

President Donald J. Trump Secures Historic $600 Billion Funding Dedication in Saudi Arabia – The White Home

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