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 significant agreements 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

During a meeting with business representatives on Wednesday, Trump stated, "It is reported that $270 billion in agreements and sales have been signed among dozens of companies; these developments are happening only 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 Elevates Investment Goals

The 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 highlights the strengthening economic ties between the two countries.

Approval Awaited for Artificial Intelligence and New Technologies

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

Strategy to Increase Investments

The forum indicates that falling oil prices and rising 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.