Trump signed agreements worth 270 billion dollars with Saudi Arabia.

Trump Signs $270 Billion Deals with Saudi Arabia

U.S. President Donald Trump announced that important deals worth a total of $270 billion have been signed with Saudi Arabia at the U.S.-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

At a meeting with business representatives on Wednesday, Trump stated, "It is reported that a $270 billion deal and sales have been signed among dozens of companies; these developments are happening just today. Thank you for providing these business opportunities to the U.S.," he said.

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 Raises Investment Goals

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

Approval Expected for Artificial Intelligence and New Technologies

According to Bloomberg sources, the U.S. 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 creating an artificial intelligence ecosystem.

Investment Increase Strategy

The forum indicates that declining oil prices and increasing budget pressures have prompted Saudi Arabia to take bold steps to attract more foreign investment. This strategy is also supported by the strong relationship between Trump and Mohammed bin Salman.