TRUMP ADDRESSES MEDIA FOLLOWING WHITE HOUSE ANNOUNCEMENT OF $600 BILLION SAUDI INVESTMENT IN U.S.
On Tuesday, President Donald Trump is scheduled to make a statement after the White House revealed that Saudi Arabia has pledged $600 billion for a range of agreements with the United States.
Trump’s remarks come after his attendance at a U.S.-Saudi investment forum in Riyadh and a meeting with Saudi Crown Prince Mohammed bin Salman.
One of the major deals includes almost $142 billion in defense sales, which will provide Saudi Arabia with state-of-the-art military equipment and services from more than a dozen American defense companies, according to the White House.
This defense deal represents nearly twice the size of Saudi Arabia’s 2025 defense budget, which was $78 billion. The White House did not specify when the defense agreement is expected to be finalized.