U.S. President Donald Trump announced on Thursday, March 6, that he is preparing to visit Saudi Arabia within the next six weeks to finalize a major investment agreement worth around $1 trillion. The deal is expected to include significant investments in the U.S. economy, particularly in military equipment purchases.
Speaking from the Oval Office, Trump recalled his first official trip as president to Riyadh in 2017, which secured $350 billion in Saudi investments at the time. Now, he says the kingdom is ready to commit even more.
“They’ve gotten richer, and we’ve all gotten older,” Trump said in a Reuters report, adding that the Saudis have agreed to invest the amount over four years.
Trump praised his strong ties with Saudi leaders and confirmed their willingness to boost support for American businesses and defense sectors.
Meanwhile, Saudi Arabia is becoming increasingly active in U.S. foreign policy discussions. Next week, the kingdom is set to host a meeting between U.S. and Ukrainian officials focused on efforts to negotiate a ceasefire in the ongoing Ukraine conflict.
