Saudi Arabia will invest $600bn in the United States, including through technology partnerships and a $142 billion arms sales agreement, Al Jazeera reports.
The deal, involving collaboration in areas such as energy and mineral development, represents the largest-ever weapons sale by the US to Saudi Arabia, the White House says.
Ina fact-sheet released on Tuesday, the White House said: “The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership between the United States
On his maiden major international trip of his second term as US president, Donald Trump arrived to a red-carpet welcome in Riyadh on Tuesday. He is also due to visit Qatar and the United Arab Emirates.
The agreement is aimed to help modernise the Saudi military with “state-of-the-art war fighting equipment and services from over a dozen US defence firms.
Under the agreement, the oil-rich kingdom will invest $20bn in energy infrastructure and data centres for artificial intelligence in the US.
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