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President Donald Trump Tuesday after announcing the White House’s commitment to Saudi Arabia deliver speech invest $ 600 billion in a number of transactions with the United States.
Trump’s participation in the US Saudi Investment Forum in Riyadh is watching the visit to Saudi crown Prince Mohammad Bin Salman.
Among the agreements provided, the Kingdom is a “most modern combat technique and more than $ 142 billion in defense techniques and services of more than US defense companies.”
This commitment is approximately 2025 of Saudi Arabia Defense budgetWorth $ 78 billion. The announcement of the White House does not tell when the result of the defense agreement will be.
Speaking before Trump in the investment conference, Bin Salman said that the goal is to raise the US Saudi partnership to $ 1 trillion between military, security, economic and technological sectors.
Economists will be difficult for the kingdom that makes those who make good with this investment collateral Sky high costs for your own Vision 2030 Investment ambitions.
Low global Oil prices and large ticket brought social spending projects Expand budget deficits for Riyadh.
The White House also announced the obligations from the Saudi Digital Infrastructure Business Datavolt, USA Information Centers in AI $ 20 billion
The total investment figure, according to the White House, both the United States and Saudi Arabia covers Datavolt, Google, Oracle, Salesforce, AMD and Uber’s combined obligation.
