Trump, Saudi Crown Prince Sign $600B Strategic Economic Partnership
Trump, Saudi Crown Prince Sign $600B Strategic Economic Partnership

Trump, Saudi Crown Prince Sign $600B Strategic Economic Partnership

News summary

During his four-day Middle East tour, former U.S. President Donald Trump signed a strategic economic partnership agreement with Saudi Arabia, led by Crown Prince Mohammed bin Salman, marking a significant boost in U.S.-Saudi relations. The $600 billion deal spans sectors including defense, energy, technology, infrastructure, and healthcare, aiming to enhance American energy security, technological innovation, and job creation. Key components include a $142 billion defense agreement, $20 billion investment in AI-powered data centers, extensive tech collaborations involving major companies, and significant aerospace and energy contracts. The partnership also features new investment funds targeting energy, aerospace, defense, and sports industries, alongside cultural exchanges like Smithsonian collaborations. Trump and the Crown Prince emphasized strong bilateral ties amid broader regional concerns about Iran's nuclear program and the conflict in Gaza. The visit was marked by ceremonial honors and highlighted by the leaders' mutual expressions of goodwill and commitment to deepening cooperation.

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