President Donald Trump secured a $600 billion commitment from Saudi Arabia to invest in the United States after he was accorded a gala welcome at the start of a tour of Gulf states.
Trump punched the air as he emerged from Air Force One to be greeted by Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud, who later signed an agreement with the president in Riyadh on energy, defence, mining and other areas.
The US agreed to sell Saudi Arabia an arms package worth nearly $142bn, according to a White House fact sheet that called it ‘the largest defence co-operation agreement’ Washington has ever done.
“Today we hope for investment opportunities worth $600bn, including deals worth $300bn that were signed during this forum,” the Saudi Crown Prince said in a speech during a US-Saudi Investment Forum session held in Riyadh on the occasion of Trump’s visit.
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