Trump signed agreements with Saudi Arabia worth 270 billion dollars.

Trump Signed $270 Billion Agreements with Saudi Arabia

US President Donald Trump announced that significant agreements worth a total of $270 billion were signed with Saudi Arabia during the US-Saudi Investment Forum. This figure stands out as a development supporting the investment targets announced by Saudi Arabia's Crown Prince Mohammed bin Salman during his visit to Washington.

Annual Investment Targets Are Rising

On Wednesday, Trump stated in a meeting with business representatives, "It is reported that agreements and sales worth $270 billion are being signed among dozens of companies; these developments are happening only today. Thank you for providing these business opportunities to the US,"

Collaboration with GE Aerospace

One of the prominent companies among the signed agreements is GE Aerospace. Trump emphasized that this company will deliver dozens of new engines to Saudi Arabia.

Bin Salman is Raising Investment Goals

A day before the forum, Mohammed bin Salman announced that Saudi Arabia aims to increase its investments in the US from $600 billion to $1 trillion. This information highlights the strengthening economic ties between the two countries.

Approval Expected for Artificial Intelligence and New Technologies

According to Bloomberg sources, the US administration is preparing to approve the sale of advanced artificial intelligence chips to Saudi Arabia's state-backed initiative Humaine. This step will be a critical development for Saudi Arabia's goals of establishing an artificial intelligence ecosystem.

Strategy to Increase Investments

The forum shows that falling oil prices and increasing budget pressures have prompted Saudi Arabia to take bold steps in attracting more foreign investments. This strategy is also supported by the strong relationship between Trump and Mohammed bin Salman.